How to Sell your home?
The process of selling a house will often involve the subsequent purchase of a house. The simultaneous nature of these transactions may seem to make an otherwise exciting venture one which is in fact burdensome and stressful. Sydney Conveyancing is here to restore your excitement, removing any complications and stress through our seamless and professional conveyancing services. If you are looking to purchase another property upon the sale of your current property, it may interest you to read also our buying guide to gain an understanding of the process.
Step one: Make your house ready for sale
The first step in selling your home is to ensure that your house is market-ready, to provide a welcoming and appealing atmosphere to a potential buyer. Indeed, as a buyer enters your home, they should feel comfortable and be able to visualise themselves living in the home.
Ensure the following:
- If your house has many photographs and family heirlooms, place as many of these into storage as possible so as not to distract the potential buyers from being able to visualise themselves living in the property.
- Move out unwanted clutter and keep the property as clean and tidy as possible. Many potential buyers will open and inspect cabinets and closets in order to check whether the spaces will be sufficient to serve their purposes. Therefore, the more elegant and the brighter the space within your home appears, the better!
- Fix the minor defects in your property such as cracked walls and tiles or leaking taps, however do not engage in larger overhauls of your property as this may be seen to indicate that you are concerned about the structural integrity and condition of your house.
- Do some minor landscaping, including gardening, to the home to present an attractive and clean look to your garden. This will increase curb appeal. Outside of a home is as essential as inside of a home to buyers.
Step Two: Find the right Real Estate Agent
Contact an expert real estate agent. We recommend that you consult with at least three local separate agents, asking them to explain their plan regarding the sale of your property and to give you a comparative market analysis for your home with regard to the trends and prices in the area. It is always better to have a few options before you select the agent you think best to represent your home to potential buyers. If you need some referrals, please contact us.
Step Three: Discharging the current Mortgage
The next step in selling your home is to contact your present lender to check how much you still owe on the property. This is known as the discharge amount. From this, you will be able to estimate how much must still be paid out to clear your existing loan. You will be able to estimate the funds required for the new purchase and factor in any fees and charges for stamp duty, agent’s commission and legal fees. Our expert staff will be able to assist you with how much of a mortgage you will be required to borrow to finance the new purchase. If you do not already have a financial entity with which you have a strong relationship, please consider coming in to meet with our established Mortgage Brokers for a free consultation and assessment.
Step Four: Sell before you buy
Generally there will be a ‘Cooling-off Period’ prior to the contract of sale becoming binding on all parties, during which the buyer will finalise their finances and conduct strata (Where applicable) and/or pest and building inspections. This period also gives you, the seller, some more time to search for a new home should you wish to purchase again.
To experience the peace of mind which comes from knowing that you are in expert hands and that the sale of your property will therefore proceed from beginning to end with minimum stress, call Sydney Conveyancing today and ask for a conveyancing quote.