The Australian property market is currently booming, with many experts suggesting that projected house prices will keep skyrocketing.
This is great news for people thinking of selling their homes in 2022 – you couldn’t have picked a better time!
So, what can you do to prepare your property for the real estate market in 2022?
With record sales figures and strong clearance rates across the country, right now is a great time to sell your Australian Property.
But, just because property prices across the country are at all all-time high, this doesn’t mean you should be complacent when listing your house for sale.
Your house will probably still be one of many listings in your area, so you’ll still need to prepare your home and marketing strategy to catch the eye of as many buyers as possible to ensure that you get the best sales figure that you can.
You may feel rushed and want to move quickly while the market is hot, but if you make mistakes in preparing your property for sale, it can prove to be costly.
So, taking the time to be organized and prepared before you list your home for sale can really pay off.
Do you know where to start when it comes to selling your home?
Here are some steps to take to ensure that when you list your home for sale in 2022 it is as stress-free and successful as possible.
Hire the right team of professionals
To get the best possible price for your property, you’ll need the right team of professionals behind you.
That means your first step is to find the right real estate agent to sell your home and property conveyancer to ensure that you satisfy the complex legal elements of a property transaction.
Both have a vital role to play in selling your home, so make sure you do thorough research on the candidates that you are considering.
Do they have good reviews?
Do you have good communication with them?
Do they have experience in property transactions like yours?
Do they work in your area and have solid familiarity with the local laws, legislation and real estate market trends?
If you answered ‘no’ to any of those questions, or have trouble finding the answers, it might be best to find someone else for the job.
What does a real estate agent do?
Think of your real estate agent as your guide. They are with you from start to finish and facilitate almost all of the stages of selling.
A real estate agent is responsible for:
- Assessing your property to determine the market value (the price they believe someone would be willing to pay);
- Suggesting any improvements that you might make to your property to increase the sale price;
- Helping you to decide when and how (auction/private sale) you will sell your property;
- Organising photography and marketing of your property;
- Listing your property on the internet sales listings;
- Advertising your property;
- Organising open inspections for potential buyers;
- Following up on leads from interested parties;
- Negotiating with buyers on your behalf (and with your best interests in mind); and
- Organising and assisting with the settlement and handover.
With such a crucial role in the sale of your property, choosing the right real estate agent is vital to a successful property transaction.
What does a property conveyancer do?
A property conveyancer plays just as fundamental a role in the successful sale of your property.
A property conveyancer is a legal professional who specialises in property transactions.
They are the ones who will draw up the sale contracts, ensuring everything on the document is correct.
A property conveyancer will also:
- Talk you through the documents to ensure you understand every step of the process;
- Research the property and certificate of title;
- Check the property title for easements;
- Conduct the property settlement; and
- Represent your interests with the buyer.
Give yourself enough time to choose the right team of professionals so that you don’t need to decide in a hurry without due consideration.
Clean up the property
While you don’t want to overcapitalise on renovations when you’re planning to sell, you do need to present your property in the best light possible.
Things you can to quickly and relatively inexpensively to improve your property’s interior and exterior include:
- Having the carpets steam cleaned.
- Arranging for a professional cleaning service;
- Arranging for professional window cleaning.
- Arranging for a handyman to make minor repairs such as fixing any broken fixtures in the bathroom and kitchen, and filling any holes in the walls.
- Having your tired looking interior or exterior walls repainted.
- Tidy up the backyard – mow the lawn before inspections, trim the hedges, remove any dead trees, weed the garden beds.
- Remove any clutter that may have accumulated over the years.
The only way you will make the best possible profit on your property sale is to make your home and garden as neat, clean and mess-free as possible.
You may be able to do some of this work yourself, but if you prefer a more thorough result it may be worth getting in touch with local professionals.
Get a building inspection
You know that many buyers will conduct building inspections before agreeing to buy your house, so why would you want to have one done before listing your property?
It’s actually a good idea for sellers to have a pre-sale home inspection done for several reasons.
Firstly, a building inspection will tell you precisely what needs to be repaired. These might be inexpensive and easy repairs that you can do yourself. If not, you can easily lower your asking price according to how much these repairs would take to fix, showing buyers that you are honest about the property’s condition.
You see, a bad inspection can be a deal-breaker for some buyers. If they find something in their inspection, it could give the impression that you are trying to hide problems, making them uneasy about the sale. And if a buyer does back out, you’ll have to put your house back on the market and start again.
And, worse still, if the buyer purchases the house with problems that you did not disclose, you could be liable to cover those costs as well as the cost of the inevitable lawsuit. In short, a building inspection pre-sale could save you a fortune.
If you’re thinking of selling your property in 2022, now is a great time to get started!
There are many things that you can do to prepare your home for sale and to boost its potential for a great sales figure.
If you’re interested in enlisting the services of any of the professionals listed in this article, whether it’s a handyperson to fix minor problems in your home or a professional cleaner to polish your windows to a high shine, call Jim’s Group today on 13 15 46.