Are you ready to sell your first property? It’s never been more important to understand how the selling process works so you’ll know the order of events. You’ll also need to know who to contact to find a buyer. Let’s go through a step-by-step process. The following is a sample property list, but it should be considered as a guide only.
We’ll also look at some of your options for getting a realtor to help sell your home. Getting a good realty agent, however, is only part of this process. How quickly you’ll need to proceed with a property sale depends on your personal circumstances. Especially whether you’ve already purchased your next home. If you haven’t purchased a home yet, I would say you could save your money for the first 3 years of retirement and then invest it. If you are already purchasing a house, then it may take longer to see the return you are probably hoping for.
Find a real estate agent
It’s Important to find a real estate agent that you like and trust. You’ll need to have a good rapport with your agent. You want to be able to count on them for guidance, but also feel comfortable in knowing they have your best interests at heart. Ask around for recommendations from friends or family, make certain that your agent has a broker’s license, and verify that they are a member of the local real estate board.
If you don’t have any prior experience selling a property before, keep in mind that the selling process can take several months to complete—possibly even up to 6 months or more. It is important not to rush into selling your house. Give yourself plenty of time and be patient with your real estate agent after you choose them.
Price your house
Pricing is crucial for the success of your property sale. Many houses fail to sell for weeks, or even months, because they are incorrectly priced. Your selling price will depend a lot on your competition and location—you need to consider the selling prices of similar properties in your neighbourhood that have already been sold or current ones listed for sale.
The higher you set your selling price, the longer it may stay on the market. At this stage it’s important not to be too emotionally attached to your property. Listen to your real estate agent’s advice who has more years of experience and expert knowledge of the local property market.
Alternatively, you want to avoid settling for a price that’s too low. If you set a selling price that’s too low (even if it means selling quickly), buyers will see the opportunity to negotiate with you. If you’re selling your property without a realtor, make sure that the selling price is reasonable. It’s never a good idea to sell your house for less than what it costs
Establish a timeline for selling your property
It’s extremely important to tell your real estate agent exactly when you would like to list your property and when you would ideally like to sell the property. A real estate agent can’t sell your property for a price that’s less than you’re willing to accept. It’s therefore important to remain realistic about selling prices.
You want the selling of your home to be as quick and efficient as possible, right? Then you’ll need to make sure that your timeline aligns with what buyers are looking for.
Two months before selling the property
During this part of the process you should research similar properties in the area, and determine the selling price of your home. Do some research into selling prices in your neighbourhood by looking for similar properties that have sold recently.
Six weeks before listing the property
Now is the right time to get your property ready for staging. This takes a lot of the stress away from selling your home. Your property will look better, be in better condition and will be more appealing to potential buyers.
One month before listing your property
It may seem early but now is the right time to start packing up all the belongings in your property. It’s also a good time to start cleaning things up and make the property more appealing to potential buyers. This is the last chance you have to make sure everything is in place.
Organise a home inspection
Here’s some advice from a buyers agents Melbourne specialist. A home inspection is an integral part of the selling process for your property. Interested buyers will often use a property inspector to help identify any problems which may influence the value of the property. This may be a big selling point for you or it could potentially ruin your chances of selling the property at the price you wanted.
Stage your property for buyers
Staging your property is extremely important for its success. This process involves placing furniture and decorations in the house to help potential buyers envision their own lifestyle in it. This is important to selling the property as a whole rather than just selling the building and land. There is also the chance to sell your house in “as-is” conditions to an investor like Your Trusted Home Buyer if the cost for staging your house is too high.
List your property for sale
After preparing your property for sale is time to list it! Use real estate websites and other types of online media. A lot of people also advertise properties in more traditional forms of media like newspapers, brochures, and leaflets. These can still be effective depending on who you are trying to target.
Negotiate the sale price and finalise the sale
After deciding on the sale price it’s time to start reviewing offers for your property. This process can happen after collecting offers from a private sale listing. This review process can also happen on the day of an auction. In this case it’s up to the auctioneer to gather offers and help you decide which one to accept.