Be informed

News & Media

Steps for selling your home

31 Oct 13

Selling your home doesn't have to be stressful if you follow the right procedure. Have a look at these real estate tips to make the process easier on yourself.

Timing

You don't have to have real estate training to know when a good time to put your property on the market is. These days, property market conditions are widely reported in Australian media, so all you have to do is pick up a paper or check the evening news to see if the time is right.

Seek advice from an experienced real estate agent if you're still unsure.

Choose an agent

You'll want to be able to trust your real estate agent, and hopefully have a good relationship with him or her. Qualities to look for include a strong knowledge of the local area, and experience in selling homes previously.

Make sure the agent listens to your requirements and desires before hiring them. Also, it's great to get an idea of how busy they are. An in-demand agent reflects their skill level, but may also mean they have little time to dedicate to your needs.

Choose between selling at auction or having an asking price

Auctions are a popular and exciting way to buy and sell property. A reserve price is set with your agent before the event takes place, and if bids don't reach that minimum price your agent may negotiate with bidders on your behalf.

Auctions can see you get a higher price for your property due to the competition amongst bidders, but many buyers may be put off by the drama of an auction.

Setting an asking price may attract buyers, as it can be less intimidating and easier to understand than an auction. Buyers will often negotiate below the asking price, however, so make sure you clearly state your expectations to your agent.

Back