Steps to Selling a Property – What You Need to Know

When you first enter the property game, you’ll get a taste of buying. However, if you’ve outgrown your first home and are looking to greener pastures, it might be the time to sell your property. In order to make your home stand out to potential buyers, you need to do a bit of work behind the scenes to prepare your home for sale.

Selling a Property

When you first enter the property game, you’ll get a taste of buying. However, if you’ve outgrown your first home and are looking to greener pastures, it might be the time to sell your property.

In order to make your home stand out to potential buyers, you need to do a bit of work behind the scenes to prepare your home for sale.

Property Appraisal

The first step to selling residential real estate is to get a property appraisal.

An experienced real estate agent can explain the process before inspecting the property and provide a formal property market appraisal.

Then you’ll work out the best marketing strategy to sell your home. This includes deciding on the appropriate method of sale, whether it’s by private treaty or auction.

Selling

As a homeowner looking to sell, you’ll need to sign an agency agreement and provide your real estate agent with keys and access details.

You’ll arrange an open home – or perhaps a few – so it’s important to consider what times work for your schedule. Typically, homeowners won’t stick around during open homes. If you’re generally out-and-about on a Saturday morning, you might like to schedule open homes during this time.

Your real estate agent will compile property listing details, too. Depending which state you live in, a Contract for Sale may also be drafted at this stage.

Marketing Your Property

Now comes the time to promote your property to willing buyers.

In order to first attract their attention, photos will need to be taken of the property. Your real estate agent can assist with this and will have extensive knowledge on the kind of lighting and set up to get the best photos possible.

Your agent will run a local marketing campaign to appeal to a broad range of potential buyers, using an array of mediums from newspapers to websites. Signage will also be erected at the front of your property.

Inspect Inspect Inspect

Open inspections allow potential buyers to get a feel for the home. Your agent will record the details of attendees and provide comments and feedback to you.

When you get a willing buyer, you move onto the next step.

Negotiation and Contract

Your agent will negotiate to get the best price and conditions of sale. The buyer will complete building inspections and may need to arrange finance.

Once terms are agreed upon, the buyers will provide a security deposit.

Both you and the buyer will need to give the Contract of Sale to your respect conveyances or solicitors to be looked over. After this, the sale can be finalized, settlement day arranged and you’ll move out of your old home and into your new one.

Three Tips to Sell Your Property For More

Are you planning on selling your home? There are few things to keep in mind if you want to maximize the price you get for it. Here are three simple ideas to help you position your most valuable asset in its best possible light.

Presenting Your Property in the Best Possible Light

It’s understandable that when the time comes to sell your property, you’ll want to get a favorable price. If you’ve been living in your home for many years, growth in your home’s value will help attract a higher price than you initially paid.

While a nicely-presented property at open inspections can be incredibly beneficial, it’s important to also consider the long-term condition of property and complete regular maintenance. This way, when the time comes to sell, you can trust it’s in the best quality possible in order to reap the best price.

Pick the Right Agent

You might renovate your home to a standard that’s absolutely stunning, but it’s important not to forget the negotiation skills a good real estate agent can bring to the table.

While you know your home inside-out, a real estate agent can take this knowledge and actively promote it. From using websites and social media to newspaper adverts, there are many ways to reach buyers and obtain a better price for your home.

An agent’s ability to connect with a wide variety of potential buyers and demonstrate the livability – or potential – of a property is an invaluable asset when it comes to selling property.

However, don’t overshoot the mark when you’re looking to obtain a great price. If you’re too greedy with your asking price, people may be turned off entirely. Buyers will deliberately make offers lower than your asking price, so be sure to ask for around five to 10 per cent more than you would be happy with.

Focus on Kerb Appeal

It’s no secret that people see the garden when they first enter the property. Even if your home has a lot of backyard space, it’s still important to spruce up the front lawn for a sale.

A barren garden or one that’s running wild with weeds could send a message to buyers that the property itself is unkempt or in bad condition.

Hiring landscaping services might be a good idea if your garden is a real disaster zone, but if it’s already looking somewhat tidy, a freshly mow lawn and some planter pots are simple fixes that make all the difference when it comes to selling.

Give the Prize Room Some Love

It’s often thought that the kitchen rates highly on potential buyers’ list of considerations, so ensure this space is fresh and full of light.

Spending money on your kitchen could secure a highly favorable price – just be sure not to overcapitalize. New floorboards or tiles can make a huge difference, while brand new cupboard handles are a small feature that can make a good impression.

Home buyers in Fort Lauderdale