December 15, 2015
Looking to sell your home in early 2016? The summer break can be a good time to make sure all your “ducks are in a row” before listing your property for sale.
There are a number of considerations, both financial and physical, to be aware of when preparing for sale.
Importantly, calling your Mortgage Broker before you list your property for sale will save you time and potentially money! Identifying and understanding your financial goals and arranging your finances ahead of time will give you piece of mind and will allow you to concentrate on preparing your house for sale and searching for your next residence.
Call Mark or Herman from Mortgage Choice on 9 287 1030 to arrange a meeting. They can help you identify how much you can borrow in advance of your purchase.
Before you list your house for sale…..
Obtain a realistic estimate of the value of your current property.
Market appraisals from reputable agents who work in your area will give you an idea of what your home may sell for.
Understand and estimate your costs to sell
Mark or Herman can explain these but essentially costs may include:
- Property refurbishment costs
- Agents fees
- Settlement Costs
- Moving costs
Understand the costs of purchasing your new home
These may include:
- Stamp Duty
- Utility connections
- Loan fees
- Home and Contents insurance
- Any refurbishments necessary prior to moving in
When searching for a new home……………………….
Understand the market in your area.
Mark and Herman can provide a market or suburb report which lists the sale price of similar properties in your area. This will help you to understand a realistic price to list your property at.
Choose a good agent to sell your property
An agent who has long term experience in the area and is personable and enthusiastic is an ideal choice.
Clean up, refurb and declutter
Whilst it is important not to over capitalise on improvements to your property prior to selling, paint and a de clutter of both the garden and internally will work wonders.
Not all of us are blessed with great interior design skills and though your house doesn’t have to match Vogue living standard, it may be worth investing in a property staging specialist to assist you to present your property to its greatest potential.
If you have completed any renovations that required the council tick of approval don’t forget to ensure you have a copy of this to show to prospective buyers should you need to.
Make an emotional break from your home
This can be difficult as our homes are the centre of our lives often, providing many memories. However the sooner you can divest an emotional involvement in the sale, you will be able to concentrate on your next property adventure.
Mark and Herman are home loan experts. Let them assist you to organise a pre-approval home loan prior to moving. They will meet you at a time and place that suits at no cost to you. Call on 9 287 1030 to arrange an appointment.