Selling your property is certainly a big step and can be very daunting for those who haven’t sold property before. In this article, we explore the first steps to selling your property and how to make the process easier.
Consider when to sell your property
The property market conditions in your local area can have an enormous influence on the value of your property. However, the property market is consistently changing, making it imperative to consider when you list your property for sale.
When is the best time to sell?
Seller’s Property Market
A Seller’s Market is considered the best time to sell your property and occurs when there are less properties for sale than ‘active buyers’ in the market place. This increases competition between buyers and typically increases property values, along with reducing the time it takes for properties to sell.
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Buyer’s Property Market
A Buyer’s Market occurs when there are more properties listed for sale that ‘active buyers’ in the market place. This usually means buyers have more properties to choose from, meaning prices decrease and properties take longer to sell. Although, selling in a ‘buyer’s market’ also allows for purchasing in the buyer’s market.
Choose your Real Estate Agent
Once you’ve decide when to sell your property, the next step is to choose a real estate agent that can positively influence the outcome of your property’s sale.
A Real Estate Agent can influence a property’s sale price by as much as 10%.
By involving the right Real Estate Agent early in your sale, you can team up to create a sales plan that works best for you and your property.
This may include:
- A marketing strategy that will work for your property.
- Creating an ‘open-for-inspection schedule’ that works around your work/personal life.
- More time to renovate/fix ‘value adding items’ according to agent recommendations.
Implementing a good sales plan may not only help you prepare your property for sale, but it can also help increase the value of your property.
In a future article, we will explore exactly what determines the value of your property and how you can easily increase the value of your property.
With the Gold Coast property market trending well, now could be the time for you to capitalise by selling your property. If you require any assistance, we are always happy to help.
Article written by Alexandra Hocking
CONTACT US
PO Box 905
Elanora QLD 4221
Phone: (07) 5522 5829
Email: info@elanorarealty.com.au
