You want to sell your home, but where do you start? Here are a few pointers to help your sale go as smoothly as possible.
Do your research
First things first: get an idea of what your property is worth, and find out what competition you’ll be up against. The level of competition may affect how quickly your property will sell and what price you’ll be able to get.
For access to property listings, comparable sales, suburb profiles and rental insights in your area, find out more about our complimentary Property Reports.
Meet some agents
It’s a good idea to meet more than one agent before you decide who you’ll enlist to sell your home. Agents should talk to you about price expectations, marketing campaigns, what you can do to improve your home’s appeal, and whether you should sell by auction or private treaty.
In turn, you should ask plenty of questions to get to know them and how they work. You might also want to seek the recommendations of other recent sellers before you choose an agent.
Work out the costs
Make sure you factor in all the costs of buying and selling to get a realistic idea of how much you will have to spend on your new home.
Apart from the sale price, there are other costs involved with buying and selling property that need to be factored into your budget. These include any repairs, agent’s fees, marketing, building and pest inspections, legal or conveyancing fees, stamp duty, removalists and refinancing your home loan.
Consider adding value
There may be simple ways to give your home more sales appeal, such as a lick of paint or some interior styling. Talk to your agent about this.
You may find it helpful to visit other properties to see what you’re up against and find out what styles are most popular with buyers in the area.
You might be considering renovating before your sell. Bear in mind that this will take time and money. You’ll need to consider carefully whether renovating will pay off.
Think about the timing
Should you sell your home before you buy a new place to live? Or should you find your new home then put your old one on the market? There are a few factors to consider when working out the timing of buying and selling.
Find somewhere new
Whether you’re planning to buy or sell first, it pays to start your research for your next home early. Our home loan calculator can help you work out how much you can borrow and what your repayments will be.
You can use the listings and suburb data in our Property app to help in your search for a new home.
Speak to one of our Home Lending Specialists about your next property move.