We often provide tips and advice for first time buyers, however many don’t realise that it can be just as confusing and daunting to sell a property for the very first time so we have provided some tips to help out Bacchus Marsh’s first time sellers.
1. Think about where you will move once your home is sold
Before you sell your home you should try and decide where you will move to next so you don’t get caught out with no home to go to.
Some people decide to buy somewhere new before selling. If you’re in this scenario then you may be able to buy your next home contingent on the sale of your existing one, alternatively you may be able to arrange a bridging home loan with your bank until your current property sells.
Another option that may work is leasing back your current home until you find somewhere new.
In some cases you may have no option but to move twice, which could entail staying with friends or family, or renting until you can find a suitable home after selling.
2. Ask yourself if your property is in its best condition
If you want to maximise the amount you can get for your property then you should ensure it’s in tip-top shape.
Depending on the current condition of your property, it might benefit from minor renovations, a few fix-ups or just a general cleanout – whatever you need to do to have your home ready for potential new owners to walk in the front door and fall in love.
3. Get advice from your Professionals Real Estate Agent
Selling your property is a major financial decision and that’s why it’s so important to have the right advice to help you through the process.
There’s so much more to a property sale than posting an ad onto the Internet. A property needs to be priced correctly to meet the market, and an appropriate marketing strategy needs to be used to ensure a property gets maximum exposure. Your real estate agent will discuss what needs to be done to help your home sell for the best price possible, and guide you through the selling process and negotiations.
4. Know where you stand on certain issues
Speaking of negotiations, it’s worth thinking about the possible conditions that a buyer might want to put on the sale of the property. The price is always an important factor, but a buyer might also want to have a longer or shorter settlement period, or require repairs. Some buyers also ask that the contract be subject to the sale of their property. It’s worth knowing where you stand on these matters and what is important to you. For example – would you accept a lower offer for a settlement more suitable to your needs?
Again, your real estate agent will help guide you through the negotiations and discuss any conditions that a buyer brings up, but ultimately the decisions will be up to you.
5. Make sure you’re ready to show your home to buyers
Potential buyers might want to look at your home the second after they notice it’s for sale. For this reason, it’s worth making your property available for viewings on short notice, otherwise there’s the risk that a potential buyer will view another property first and move on that one instead.
Try your best to ensure your property is looking it’s best on short notice by keeping it clean and tidy at all times.
If you’re thinking about selling and would like any more tips or advice then please don’t hesitate to get in touch with the team at Arbee Real Estate.