It’s a huge step when you decide to sell a property, whether it’s an investment property or your home. No matter the reason for you letting go of a property, there’s a lot to consider before you get started.
The first step is to choose a great real estate agent. They are essentially the key to having a straightforward process when you sell your home.
With so many real estate agents out there, where do you even start finding the right one for you?
You can either shop around, or if you’re in the Point Cook or Wyndham areas, you can choose Established Property, one of the best real estate agencies in Australia. They are your one-stop shop for the best service in the area.
If you still feel like shopping around, you can ask your prospective realtor the following questions.
What’s The Best Way to Sell My Property?
In essence, there are three distinct approaches to a property sale: tender, private treaty sale, or auction. There are many advantages and disadvantages to each approach, and which approach suits you best will be determined by many factors such as the market and the neighbourhood you are in. A good real estate agent will look at everything your property has to offer before advising you on the strategy that works best for your situation and the market at the time of sale.
How Should the Property Be Marketed?
A property’s selling price can be greatly affected by marketing and advertising. Therefore, before selecting an agent, inquire about their approach to this selling aspect.
Ask what type of campaign they recommend, if they prefer print, online or social media marketing and the like. Marketing is important as it will be the first thing potential buyers see about your property.
Is This a Good Time To Sell?
Since the real estate agent obviously wants your listing, they will probably emphasise the advantages of selling right now. However, a great real estate agent will disclose current conditions honestly: they’ll let you know how your specific market has changed throughout the last few months, and what sort of movement they anticipate on your property.
They should also be able to guess how long it will take for it to sell.
However, a truly outstanding real estate agent will go one step further and advise you on the advantages of selling now versus selling later, even if it means delaying the property’s listing by a few weeks or even months. If they are willing to provide you with objective advice, even if it has the potential to delay their sales commission, this demonstrates their professionalism and integrity.
How Much Will This Cost?
A good real estate agent will be able to give you a good idea of how much it will cost to sell, including costs for advertising and marketing, fees, and selling commissions.
This fee varies depending on where you live, but the majority of agents typically charge between 2 and 3 per cent of the sale price, including GST. Remember that bank fees and charges for releasing the mortgage are other costs to consider.
(Disclaimer: This content is a partnered post. This material is provided as news and general information. It should not be construed as an endorsement of any investment service. The opinions expressed are the personal views and experience of the author, and no recommendation is made.)
