Market Research
If you’re thinking about selling, you’ve probably already started to research and are now examining recent sales statistics. This is an excellent place to start because it can provide an overview of the market.
You shouldn’t make the mistake of comparing yourself too much to others. If you live in a small house on a busy road, then the recent sale of a mansion might fill you with unrealistic expectations. Instead, search for similar-sized properties within the same school zone. This way, you can understand how much your home will likely fetch and how to make it appeal to the local buyer demographic.
Try to understand the trends in the market too, like property price growth and auction clearance rates. These will give you an idea of where the market is going and which method of sale might work best for your property.
Furthermore, keep an eye out for macroeconomic influences in Australia, such as interest rate changes or a variation in immigration policies. This can have a delayed impact on the property market, but an impact nonetheless.
Fixing up Your Building
This is the exciting part of the process, but it still requires hard work. You should try and make your home as enticing and attractive as possible. Just imagine what you would want the house to look like if you were in the market.
If you’re wondering where to start and are feeling overwhelmed, let you first step be to tidy any clutter. You want the space in your house to look as big as possible, and clearing out unnecessary objects will help with that. If that’s too daunting of a task, consider hiring someone to do it for you.
It is crucial to fix any damage. One of the first things potential buyers look for when appraising a house is wear and tear. Cracks in the roof, scuffs on the walls, the condition of the flooring – these are the types of issues that buyers look for.
Another thing to remember is the kerb-side appeal of your property. It’s easy to get lost in preparing the actual house itself and not the front garden, but the outside is the first point of contact. Get the lawnmower out and trim the hedges to make as positive an impact as possible.
If you can afford to add minor cosmetic details, such as new cushions or drawer handles, go for it. It’s also best to avoid intense colour schemes, so as not to put off any potential buyers who may be more reserved with their taste.
Be ready for open homes
With an open home around the corner, make sure everything is in order with no mess. Potential buyers can be over-analytical about every little detail, so do your best to hide away any superfluous items and ensure your beds are made.
Feel secure in the knowledge that you’ve done everything you can to get your house ready to sell. The hard work is over, and you’re about to begin a new and exciting adventure.