Selling a house is a daunting task. Most sellers do not know how to price and market their property. Read the extract below to understand how to prepare your home for sale.
Return on Investment Projects
How can you make your home stand out? Consult your conveyancer and inquire what buyers are looking for in a home. The professional will visit the property and recommend some return-on-investment projects.
The most critical renovations are repairs to current installations such as the roof, floors, sewer and electrical systems. Buyers today are concerned with aesthetics. Therefore, repaint the house, remake your landscape and improve your home's lighting. Pests such as termites, cockroaches and rats will reduce the buyer's interest in your property. Consequently, consider a pest inspection and treatment before putting up your house for sale.
Below are several factors that influence the price of your home;
- The current value of similar houses in the area.
- The condition of the property.
- The location of your property. Proximity to national highways and amenities such as shopping malls, schools and banks will improve the value of your home.
- Previous use. Buyers are attracted to homes with a rich history. For example, you could be at an advantage if a celebrity or politician once lived in the property.
Use online tools to approximate the value of your home. Alternatively, you could ask for a valuation report from your conveyancer or professional appraiser.
Hire a reputable real estate agent to help market your home to potential buyers. In Australia, autumn and spring are considered the best seasons to sell homes. If you wish to sell in spring, you could list your property at the end of winter. To sell in autumn, list the property at the end of summer.
Private Selling Versus Auction
Your agent will advise whether to sell the house privately or via an auction. A private sale may attract more buyers since some people may be afraid of auctions. However, you may sell your property at a higher price during an auction since buyers will compete until one person outlasts the rest. Homes in considerably good condition are the best to put up for auction. Buyers will be ready to pay more since they cannot find a similar house on sale.
You must be adequately prepared to sell your home at a reasonable price. Hire a conveyancer and real estate agent to guide you during the sale. Remember that once a buyer senses desperation, he or she will lower their offer.
Contact a real estate company that offers conveyancing services, like West Legal & Associates, in order to learn more.Share