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Selling Tips

The preparation you put into getting your property ready for sale can be the difference between getting a standard price and a great price. The best part is, it's not hard, time consuming or expensive. Whatever your reason for selling, the process can either be stress free or tense and disappointing. The good news is that you have the ability to choose. There are four factors that will influence the outcome of any sale. It is our aim to assist you to achieve the best result possible in the sale of your home and a key factor in this is how you present your home.

 

You only have one chance to make a great first impression and wow buyers with your property. We at Real Estate 1st recognise the importance of a lasting first impression and will work with you to ensure your home is presented to its best advantage with the most appeal to buyers. Careful consideration as to the presentation of your home will have a positive affect on the final sale price.

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  • Vendors - Your Questions Answered

Timing

Buyers for a property can be found all year round however it's not often that a purchaser for your home is out there, just waiting for you to put your home on the market. Timing, presentation and advertising are all required to bring buyers and sellers together for the best result.

 

Spring is often considered to be the best time to sell. It's a time of optimism and with the weather clearing, more potential buyers will be out and about. It is also a time when more sellers will put their homes on the market so there will be more competition. Winter usually presents fewer buyers, but the buyers are usually more focussed on purchasing and traditionally there will be fewer homes on the market to choose from.

 

Prior to placing your home on the market, allow an additional two weeks to prepare both the property and the marketing material.

 

Presentation

A tidy home says "Welcome". Your home should be kept neat and tidy during the period of inspections. It should not necessarily be a "show place" but appear a comfortable home in which to live. Fresh flowers or indoor plants always brighten up a home.

 

Whilst you're cleaning, think about each room and what furniture really needs to be in it. Rooms look smaller when they are crowded. Clear out anything that's not needed to create a feeling of spaciousness. Make sure that all minor repairs are completed. Sticking doors and windows, loose door knobs, faulty plumbing or peeling paint may affect your sale.

 

Let plenty of light into your home. Nothing improves atmosphere more than brightness. And on a dull day switch on some lights prior to arrival of prospective purchasers. A warm comfortable heated home on cold days adds a feeling of cosiness; on a hot day don't forget to turn on any air conditioning or fans (or simply let the breeze flow through).

 

Method of Sale

There are two main methods used when selling residential property - private sale and public auction and both have merit. Before a final decision is made about the method of sale to be used for your property, important issues such as the type of property, the current state of the market and your personal preference should be considered.

 

Private Sale

 

After evaluation and discussion with your Real Estate 1st consultant an agreement will be reached as to the price at which to market your property. Your property will then be available for inspection to prospective purchasers until a buyer is found who is prepared to meet the terms, conditions and price acceptable to you. Once terms are agreed, a Contract of Sale will be prepared, signed and executed. With a private sale, your home can be sold on any given day and our unique handling of multiple offers will ensure the best possible price for you.

 

Auction

 

An auction is a public sale where interested purchasers who have previously inspected your property gather and bid against one another in order to secure the property. This occurs on a publicly advertised date at a publicly advertised time and place (usually the property). Unlike private sales, a decision to sell must be made 'on the spot.' An auction may be more stressful as there is little time to think and the pressure of the moment could lead to a hasty decision being made. The successful purchaser for your property may not have sufficient competition to pay their maximum price on the day. One of the benefits of selling at auction however is that the sale is immediately unconditional.

 

If you would like to discuss which method of sale is right for you and your property, contact the team at Real Estate 1st Ringwood East and one of our expert sales staff will advise you.

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