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If you’re selling your property in today’s market, it’s important to know what strategies will work best for you. There are a lot of factors to consider when pricing and marketing your home, and it can be tricky to know where to start. That’s why we’ve put together this list of simple tips for sellers in Australia. By following these guidelines, you’ll be well on your way to a successful sale.
If you’re in the market for your first home or your next home, see our recent tips for buyers in a rate rise environment.
Tips for Sellers:
Scrutinise recent sales
If you’re looking to sell your home, it’s crucial to scrutinise recent sales. By doing this, you can get an idea of how much your home is worth and what price you should list it at.
Look for properties comparable to yours. For example, when analysing recent property data in your area, consider the following questions when comparing your home to similar homes:
- Are there an equal number of bedrooms and bathrooms to your home?
- Do similar properties have the same types of amenities like an attached garage or master suite?
- Is the land size and internal square footage similar?
Simply search online for “online property estimate” or “property data reports” to help you in this process. You can also stay up to date with the latest property market trends and analysis through our very own Property Insights – where Mark Bouris sits down with experts in the know, such as real estate agents, buyers agents and those in the know when it comes to the state of Australia’s property market.
Choose the right agent
Selling your home can be a complex and time-consuming process, so it’s important to get expert help. An experienced real estate agent will be able to guide you through the process and help you navigate the current market conditions. They can also provide valuable insights into pricing your home correctly and marketing it effectively.
By working with an experienced agent, you can ensure that your home is priced correctly and that it’s marketed in the best possible way. An experienced agent will also be able to help you negotiate with buyers in order to get the best price for your home. So if you’re looking to sell your property, it’s important to work with a qualified real estate agent.
Price your home correctly from the start
It’s important to price your home correctly from the start. If you overprice it, you may not get any bites from buyers. On the other hand, if you underprice it, you may end up losing money on the sale. The best way to determine a fair price for your home is to look at recent sales in your area and compare them to your own property and to seek appropriate guidance from your real estate agent. By doing this, you can get a good idea of what buyers are willing to pay for a home like yours.
In order to give you an accurate estimate of your home’s value, your real estate agent will conduct a market appraisal. Be wary of agents who overstate your property’s value, simply to convince you to allow them to list your property. Scrutinise their valuation by requesting the agent’s reasoning behind why they have priced your property in a particular way.
Ask your agent to give you a list of similar properties they have used as evidence, and explain how these prices compare to current market conditions. Don’t be afraid to shop around to compare several real estate agents to see how their appraisals stack up.
Don’t be afraid to negotiate
In today’s market, it’s important to be prepared to negotiate with buyers. With so many properties on the market, buyers have a lot of options to choose from. This means that they may be willing to negotiate on price in order to get the home they want. If you’re selling your home, it’s important to be prepared to negotiate with buyers in order to get the best possible price for your property. If you take the right steps from the outset and you choose the right agent, they will take a hold of this process for you.
By following these simple tips, you’ll be well on your way to successfully selling your property in today’s market. By pricing your home correctly and being prepared to negotiate, you can make sure that you get the best possible price for your home. And by doing your research and looking at recent sales, you can ensure that you have a good understanding of what buyers are willing and able to pay for a home like yours. So don’t be discouraged by the current market conditions—if you’re prepared, you can still successfully sell your home.
