Have you decided that it's time to move? While you may be eager to start the search for a new home, it is important not to forget about your current property. Selling is a lengthy process that can be hard to manage. Use this guide to make everything go as smoothly as possible.
Auction or private sale?
Unfortunately, there is no right way to sell a property. There are pros and cons associated with both private sales and auctions. Auctions make it easier to sell your home, but there are additional fees associated with this selling method. Private sales give you the freedom to wait for the best offer, but you may end up waiting months for acceptable offers to roll in.
The question of value
Homeowners who decide to sell often find that the hardest part of selling is determining how much their home is actually worth. A real estate professional can help you value your home, but you should do some personal research to make sure that you're getting the most out of your investment.
Researching the selling prices for comparable homes in your area can give you a good starting point to value your own home. It may be worth more or less than these homes based on the condition of your home and any issues that need to be repaired, but comparing prices allows you to ensure that a realtor is fairly assessing your home's value.
Increasing the appeal of your home
Some properties sit on the market for months because they just don't appeal to buyers. These homes may have potential, but buyers need to be able to see some of that potential. You can significantly increase interest in your home by completing a few easy fixes that boost visual appeal and desirability.
Landscaping in the front of your yard makes a positive first impression. You don't have to have a lot of money to make your home look more inviting from the outside. Consider putting out some potted plants, applying a fresh coat of paint to your home and putting a new mat in front of the door to welcome guests.
Neutral colours are always recommended inside your home. Sticking with a neutral colour allows buyers to imagine their own personal tastes without being overwhelmed by your tastes. You should also remove prominent personal mementos like family pictures.
A clean, organised home is more likely to sell than a cluttered, messy home. If you have a lot of possessions that you don't have time to sort, pack them away out of sight when you open your home to inspections.
If you've decided you're ready to sell your property then it's important you've also already planned ahead and considered the steps after you sell – such as your next property purchase. This is where a qualified mortgage broker can help do the legwork for you.