Selling your house can be a big decision to make, and you might ask yourself – should I sell or stay? But, thousands of Aussies still make the exciting step of selling their home each year. It may be because they’re outgrowing their current property, looking for a change in life circumstances or just have itchy feet that need exploring.
However, once you decide to sell your house, where should you begin? Well, it can be confusing especially if it’s your first time, that’s why in this blog we will go through where you should begin if you want to sell your house!
Now that you've settled on the decision to sell, it's time to get prepared. The first step is to make your property as presentable as possible. You should declutter and deep clean any areas of the house or garden that may need attention. This will make a huge difference in how potential buyers perceive your home when they come for an open home.
Once your property is in the best possible condition, it's time to think about how and when you want to sell, as well as what qualities you would like an agent to have. Make sure that your priorities are clear before speaking with an agent – having a set plan will make the entire process much more efficient and easier.
Valuing your house is one of the most important steps in selling. It can be hard to figure out how much you can offer your house especially if it’s your first-time to, but here are some of the important factors that you can consider:
Here are some of the tips we compiled to help you sell your house in 2023:
1. Set the right asking price - One of the most crucial steps in selling a house is to set an appropriate asking price. Hire an appraiser or real estate agent to help you get an accurate estimate of what your property should be worth.
2. Prep Your Home for Sale – Next, it’s important to make sure your home looks attractive for potential buyers. Clean up the yard, repair any minor damage or maintenance issues and give the interior a fresh coat of paint.
3. Market Your Property - Advertise your house in newspapers, online sites and real estate agents’ websites to reach as many people as possible. Include plenty of pictures and a description of the property’s features.
4. Host Open Houses – Invite potential buyers to view your home by hosting open houses or private showings. Make sure the house is clean and well-lit, as you want to make it look attractive to buyers during their visit.
5. Receive and Evaluate Offers - Once you start receiving offers, carefully review each of them and determine which is the most suitable for you. Don’t be afraid to negotiate, as it could result in a better deal.
6. Finalize the Contract – After both parties have agreed on the conditions of sale, sign the contract and make sure all paperwork is in order.
7. Close the Sale – Once everything has been finalized, you can close the sale and receive your payment for the house. Depending on where you live, this could take anywhere from a few days to several weeks. Congratulations - you've just sold your property!
When selling your house, it’s important to be aware of some common blunders that could cause issues down the line. Here are a few mistakes to avoid:
1. Setting an unrealistic price - Overpricing your home will likely cause potential buyers to pass it by. The best way to determine the right listing price is to get a comparative market analysis from a qualified real estate agent.
2. Not sprucing up your home - A little bit of effort can go a long way when it comes to selling your house. Small projects like painting, patching holes in the walls, and removing clutter will make a big difference in terms of appeal for prospective buyers.
3. Not disclosing known defects - Ignoring to disclose known defects could come back to bite you in the long run, so be sure to make your buyer aware of any issues with your home before they sign on the dotted line.
4. Neglecting photos and videos - Photos and videos are essential when it comes to marketing your home online. Without them, buyers won’t be able to get a good feel for the house and this could mean fewer offers.
5. Not understanding the contract - Be sure to go over all of the details in the purchase agreement with a fine-tooth comb—from contingencies and closing costs to the timeline and financing details. Don’t be afraid to ask questions—after all, it’s your house!
Selling your home can be a time-consuming process, but understanding these common pitfalls will help you make sure you get the best deal.
There is never a terrible moment to sell your home, but there are several situations when it might be more advantageous. For instance, springtime is typically the busiest time for open houses and auctions, so if you want to maximize your selling, this is the time to think about listing your home. While more potential buyers may be available during this time, summer is also an excellent season to sell.
But always keep in mind that it's always advisable to conduct your research and speak with a property specialist before deciding anything when it comes to the timing of your sale.
Selling your house is a big decision that will do in your life and the process can be tiring. As you can see, there are many steps to consider in order to ensure that you make the best decisions throughout the process but each step plays an important role in helping you get the most out of selling your house.
We guarantee you that with some research, effort and patience, you can take the necessary steps to sell your home successfully!