You've
made the decision to sell your home or investment property. It's a big step,
but deciding to sell is only the first step. It can be a lengthy process if
you've never sold a property before. We outline what's involved to ensure that
your sale goes as smoothly as possible and without any surprises.
1.
Prepare yourself and your property for the sales process.
To
increase your chances of selling, address any reasonable home maintenance
issues and simple renovations before listing your property.
It's
also a good idea to look into recent sales in your area to get an idea of what
kind of price you might be able to get. This could be helped by downloading an
AMP property report.
2.
Select a real estate agent
When
selecting a real
estate agent Caroline Springs,
ask your family and friends for recommendations. You can also try going to open
houses to meet local real estate agents and get a firsthand look at their sales
techniques.
Once
you've narrowed down your options, interview a few to find the best fit. Make
sure to enquire about their fees and charges up front, and don't be afraid to
bargain.
Before
signing up with an agent, make sure they have a valid licence and a good
knowledge of your area.
3.
Determine a sales method and a price.
When
you decide to sell
my property Aintree, you must
select a method of sale. Private treaty and auction are two common types of
sales methods. Your real estate agent can advise you on what works best in your
neighbourhood, for your property type, and under current market conditions.
They
can also advise you on the value of your property and assist you in determining
an asking price (in the case of a private treaty sale).
Treaty
of private treaty
A
private treaty allows you to have a longer sales campaign and more time to
consider offers from potential buyers on your property. However, if your asking
price is too high, your property may not sell, and if it is too low, you may
miss out on maximising the price.
4.
Prepare the Vendor's Statement and The Sale Contract.
In
some states, the vendor's statement (also known as a Section 32) is used. This
is a legal document that explains whether the property has a mortgage, any
covenants that limit what the owner can do with it, any easements the land is
subject to (for example, drainage, rights of way, or power lines), council
zoning and associated declarations.
To
prepare the vendor's statement, you'll almost certainly need to hire a
conveyancer (a property law specialist) or a solicitor. They must also prepare
the contract of house for sale Melton, which must include the title documents,
a drainage diagram, and a current planning certificate from the local council.
5.
Settlement occurs six weeks after the contract of sale is exchanged and is
supervised by your conveyancer or solicitor. This is when you receive the full
purchase price – less the deposit, the amount owed on your home loan (which is
paid to your lender), your conveyancer or solicitor's fees, and your real
estate agent's fees.
The
sale is complete once settlement occurs, and you must vacate immediately.
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