First Time Sellers - These Tips Are For You!

Whether you’re looking to upsize, downsize or relocate, selling your property can be quite the journey. It is essential that you follow a few basic steps to prevent any extra chaos. 

Before you sell, it’s important that you are mentally prepared and have let go of any emotional attachment. This way, you can focus on the business of selling and together with your real estate agency, achieve desired results. Follow these 5 tips to prevent yourself from making common mistakes and enjoy a stress-free experience! 
 
 

Find the right agent
This is arguably the most important step. A great agent can make your journey a heck of a lot easier and can result in greater outcomes. Take time in finding someone that is trustworthy, reliable and a great fit to sell your property. Listen to recommendations from others, read up on reviews and have a look at previous properties agents have sold.

You may think that listing with multiple agents is a win-win however, this is more than likely going to fail and usually ends in complications - so instead, stick to one agent. When you have found an agent you’re confident with, you’re ready to place your home on the market!
 

Price your property correctly
There’s nothing worse than setting an incorrect price for your property and setting yourself up for a disaster. From the very start, you should be looking at your local market and thinking about what price you want to sell at. When you have an idea of what your property could be worth, contact your real estate agent for a property appraisal. This will provide you with a clear indication of your property’s price range. Discuss pricing with your agent and agree on a selling price while also considering your ideal number and the minimum you will sell for. When negotiations begin, this will be a crucial aspect.
 

Prepare and present
Often, vendors don’t receive the feedback they’re after because they didn’t put enough effort into preparing and presenting their home. Would you want to eat at a restaurant that served off-looking food? Bear in mind that your appraisal figure is based on the condition of your home. If you’re not happy with this, you might want to renovate that first bedroom or put a fresh coat of paint on before you sell.

If you want to take it a step further, hiring professional services such as designers, photographers and staging consultants can take your home to a whole new level and really make it sell-able. This type of professional finish (if done properly) will stick in a buyers mind and will more than likely increase the final sale price. If your budget allows for it, you will make this investment back ten times over when your property sells.

 


Is an auction the best road for you?
If an auction is the best way to sell your property, it’s important to think of the various scenarios that can happen. Auction day can bring on a range of emotions and setting expectations beforehand can combat this. Your agent will organise a meeting prior to the auction to determine a reserve price so in case things turn sour, you have an established minimum price.
 

Think about your exit strategy
If you’re yet to purchase your next property, you will need to think about your exit strategy. Depending on your situation, it might be a good idea to opt for a short-term rental or secure a six month lease if you’re still house hunting. You can even turn to staying with family and friends while your transitioning from one home to another. Talk to your sales agent about practical options that will suit you as you might find yourself juggling between settlement periods of your old and new home. Have your exit strategy clearly planned to prevent stressful decision making and clouded thoughts.

 

You will find it incredibly handy to begin the transition of moving before the reality really hits!