If you think you have the time and skills, to conduct
the sales process yourself and believe that you can achieve a good sales price,
selling your own property can save you tens of thousands of dollars.
These days, market data has never been more detailed and accessible, so it is
worth researching comparable properties in your area before deciding your
property’s worth.
Research properties that have similar
features, paying special attention to:
•Land size
•Floor plan size
•Number of bedrooms
•Number of bathrooms
•Date of the last sale
•Proximity to your property
location
•How many views the property has
had
•General condition and age of the
property
Prepare your property for the
demographic you are trying to attract.
If your target buyers are
families, make it more family-oriented or if you are trying to attract couples,
leave it sparse to activate their styling imagination.
There are now many third-party
providers in the market that provide low-cost marketing services for
advertising your property.
You can also hire your own
photographer or do it yourself if you are able to produce high quality
photography.
You can also design and print
your own pamphlets, signboards and yard sign and if you don’t have any graphic
design or copy-writing skills, search through your contacts or use one of the
aforementioned third party players.
You have a choice of holding open
for inspections or private inspections.
Private inspections are a good
way to eliminate any time wasters and ensure that you only have the seriously
interested buyers inspecting your property.
Negotiating is one of the hardest
parts of selling a property so try and find out as much as you can, about the
buyer and what their motivations are and use this knowledge in your
negotiations.
Be very clear about your reserve
price and don’t go below it no matter how pressured you may feel.
At the final stage, you will need
to engage a conveyancer or solicitor to produce the necessary documentation for
sale and to handle the settlement process for you.
Find out why RealRenta is
disrupting the Real Estate industry with our Self Management platform.
RealRenta is for Smart Investors, who realise that they are no longer bound to
traditional property management and the associated high fees.
If you need
advice from a seasoned property strategist, drop us a line at propertysales@realrenta.com and we will get our strategist partner
Jamie to call you for a no-obligation discussion.
Jason Gwerder
Wednesday, 10 June 2020
