SELLING A HOME Whether you are selling a home to upgrade, expand, move location, release funds or due to a change in circumstances, you will want to get the best possible price for your property. It is therefore important to do your homework and familiarize yourself with all aspects of the selling process. Be well informed about the location sales history, current market climate, legal requirements,...
Sell Your Home Yourself or Real Estate Agent The main reason to sell your home yourself privately is to save in the amount you would have to pay an agency in commission and advertising expenses. Most agencies charge between 2 - 4 % of the sale price in addition to costs spent in the promotion and advertisement of the property. So if your asking price is $300,000, you could save in the region of $6,000 -...
What are your priorities in the sale? Before deciding on the best way of selling your home, there are several things to consider. Is the housing market rising or declining? What have similar homes in your area sold for? Is there a set time in which you need to complete the sale? At what price are you prepared to sell? How much will it cost you to move? Try and be clear on your answers to these questions...
Setting The Price For Your Property Location, Demand, Economy must be considered when Setting The Price For Your Property The best way of knowing the true value of your house is to have an independent valuer give you a valuation. They are skilled professionals who are legally liable for their services and have no financial interest in the sale. You can use this valuation against the appraisals given by...
Preparing The House For Sale Taking a fresh look when Preparing The House For Sale.. Once you have decided to put your property on the market, you must begin to think of it as a house or unit, not as your home. This means that where you might have learned to live with a little chipped paintwork, a few broken tiles, the unkempt garden and windows that haven't been washed for months, prospective buyers...
Expensive advertising campaigns unnecessary You will have discussed with your agent their recommendations about the possible marketing and sales strategies available to you. Take heed however, if they try to entice you into spending thousands on a marketing campaign. You are the one who has to pay for this and at the same time, the agency will be having their own name promoted so it is in their interests...
Getting the highest price If you want to get the best price for your property you should ask for above the highest price it is worth - even though this will probably differ from the eventual sale price. Your agent should be able to find people interested in properties like yours and find out the highest price the buyers are willing to pay. If he or she cannot find anyone prepared to pay your highest...
Get your contract ready! The conveyancing process must start before the property is even put on the market as you are legally required to have a contract for sale to show your prospective buyers. In the ACT, new laws now also require the seller to obtain specific legal and technical information concerning the property that forms part of the contract for sale. These documents are designed to help buyers...
Market Conditions Ideally you want to sell high and buy low, but unless you are an investor, this is not always practical. However it does help to be aware of the economy because changes within local and national markets can affect property prices and the cost of living in general. For example, when the economy is doing well and interest rates are low, demand for property is generally high and this in...
Choosing the right mortgage is not just important for your needs, but could make the difference of thousands of dollars in the long term. There are so many products from so many financial institutions all with differing interest rates and a plethora of features and fees. So where do you start? Aside from seeking help from a financial advisor (which may be a very wise decision), there are some ways to begin...