There might be several reasons to consider selling your current home. Your family might be outgrowing your current space. Or the reverse could be true. You might feel like downsizing.
Selling a home is not as easy as it might sound if you don’t know where to start and which steps to follow. Consulting with a real estate agent Rowville has available is the first step to getting your home sold quickly and effortlessly.
What You Need to Know About Selling Your Home in 2021
If you’re considering selling your home and buying another, it’s important to start thinking about what you’d want to do first. Unfortunately, it’s very rarely as simple as registering yourself on Kickass Torrent. You might have to consider a bridging finance option while you search for your next dream home.
There are a few easy-to-follow steps that will help you get the ball rolling with selling your home. Read on to see what they are.
Decisions, Decisions, Decisions
If you’ve had fleeting thoughts about selling your home, you should sit down with all parties involved and finalise the idea. It might take months of contemplating but it’s essential that you’ve considered all the options before you finalize the decision and jump into the process. The mental preparation and considering all options will help you have peace about your decisions.
Draw up a Budget
This step takes some serious calculation. Here you need to consider your current financial position. Assess the funds you have available to spend on your next property. Bear in mind that some payments will be required upfront.
There might also be some costs involved in listing your current home. Some of these types of costs include the following:
- Agent costs
- Marketing fees
- Legal fees
- Basic maintenance costs
- Potential repair costs
- Additional luxuries like thermostats for the living room, Recliners for the game room and uch more.
Prepare Your Home
Potential buyers are always scouting for available properties in neighbourhoods they like. Ensure that your home always makes a positive and inviting first impression.
To impress buyers and agents from the start, before listing your home, consider doing the following:
- Spring clean everything, inside and out
- Give your home a fresh coat of paint
- Do an extensive landscape overhaul
Enlist a Reputable Real Estate Agent
It’s important to do extensive research to find the perfect agent to sell your home. Be sure not to enlist an agent without a proven track record. In the real estate industry, reputation is everything and you want the best out there.
Recruit a Legal Representative
Since selling a home is a legal transaction, getting a legal representative with experience in property conveyancing is crucial. Doing this will ensure you have someone to review any documentation as well as any written offers submitted.
Having the right legal representative will also ensure that there are no future queries about unfinished business or incomplete documentation. Ensure you keep copies of any paperwork pertaining to the process.
Obtain Required Inspections
It might be easier to validate the reason for your advertised price if you get the necessary valuations and inspections upfront. Potential buyers may also have more confidence in your property if you submit these valuations upfront.
Inspections that are a good idea to invest in include the following:
- Pest inspection reports (to show your home is termite-free)
- Pre-sale building inspections
- Energy efficiency ratings
- Compliance reports
- Plumbing inspections
Advertise, Advertise, Advertise
Advertising your home is about a lot more than putting a board up in the front yard. The more you advertise your home, the better chance you’ll have of selling it fast. If you have social media accounts, you can take some clear photos and advertise them across all your platforms.
Viewings, Negotiations and Selling
As your advertising starts reaching different people, you’ll start getting requests for viewings. You can arrange these as you get them, or you could arrange certain days as “viewing days”.
For instance, if you arrange a viewing day on a Sunday morning, you can take the family out for the day and let your estate agent handle the viewing.
If a few buyers visit your home on one day, it’ll create the idea that your home is a popular consideration. This will serve as a call to action to potential buyers to submit a written offer. If you receive a written offer that you find acceptable, you can begin the negotiations. Ordinarily, there is a 90-day settlement period during which the new owner can submit all necessary documents and funds. You can then start the moving out process.
Selling your home doesn’t have to be a nightmare. Follow the steps we’ve suggested, enlist a reputable real estate agent and you’ll be on your way to your new home before you know it!
Selling your home is like selling anything else. The more appealing it looks, the quicker it might sell. The more effort you put into selling your home, the better the chances of you getting the exact amount you had anticipated!
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