Outgrown your home? If this is your first time selling a property, or if it’s just been a while, we’ve got some tips to help make the process easier.
You want to sell your home, but where do you start? Here are a few pointers to help your sale go as smoothly as possible.
Do your property research
First things first: get an idea of what your property is worth, and find out what competition you’ll be up against. The level of competition may affect how quickly your property will sell and what price you’ll be able to get.
For access to property listings, comparable sales, suburb profiles and rental insights in your area, find out more about our complimentary Property Reports.
Meet Real Estate Agents
It’s a good idea to meet more than one agent before you decide who you’ll enlist to sell your home. Agents should talk to you about price expectations, marketing campaigns, what you can do to improve your home’s appeal, and whether you should sell by auction or private treaty.
In turn, you should ask plenty of questions to get to know them and how they work. You might also want to seek the recommendations of other recent sellers before you decide on an agent.
Understand the Costs to Selling
Make sure you factor in all the costs of selling and purchasing to get a realistic idea of how much you will have to spend on your new home.
Apart from the sale price, there are other costs involved with buying and selling property that need to be factored into your budget. These include any repairs, agent’s fees, marketing, building and pest inspections, legal or conveyancing fees, stamp duty, removals and refinancing your home loan.
Consider adding value
There may be simple ways to give your home more sales appeal, such as a lick of paint or some interior styling. Talk to your agent about this.
You may find it helpful to visit other properties to see what you’re up against and find out what styles are most popular with buyers in the area.
You might be considering renovating before your sell. Bear in mind that this will take time and money. You’ll need to consider carefully what your return on investment would be, definitely have the conversation with your agent to confirm if any additions will drive further interest
Think about the timing
Should you sell your home before you buy a new place to live? Or should you find your new home then put your old one on the market? There are a few factors to consider.
Find somewhere new
Whether you’re planning to buy or sell first, it pays to start your research for your next home early. Our home loan calculator can help you work out how much you can borrow and what your repayments will be.
Speak to one of our Home Lending Specialists about your next property move.