5 things you can do to get your home ready to sell
11 October 2017
The process to get your home ready to sell can be an overwhelming one, possibly with home improvements, removalists, and property managers all to consider. That's why we've created a list of 5 simple things you can do to get your home ready come sale time and make the transition process an easy and hopefully more profitable one.
1. Consider renovating
Make sure your house is in the best shape for when potential buyers inspect the property, to ensure you achieve a smooth transition and the best sale price possible. The final preparations before you get buyers through the door are often cleaning up your property, but if you're planning on selling down the track a little bit, then you might want to consider something a little more dramatic, like renovating.
Renovations, be they large or small, can add some serious value to the sale price of your home. And if you've moved into your new place then you can avoid the inconvenience of having one or more rooms out of action. Even if you haven't, renovating your bathroom, kitchen, bedrooms or outdoor area may just be the small investment that makes a big difference.
2. Seek financial advice
Once your home is ready for sale, it's time to dot the i's and cross the t's. Get in touch with an experienced Financial Planner to ensure you're across the financial obligations and benefits of selling your home. A Financial Planner can help save on tax, manage your finances, increase your wealth, and secure the lifestyle you want.
3. Obtain legal advice
Another key part of preparing to sell is having a sale contract drafted. Before you sell, you should obtain legal advice. A solicitor or conveyancer can make sure all legal processes are followed and explain the contract of sale to you.
4. Decide your method of sale
To sell privately or through a property manager (real estate agent), that is the question. A property manager can help:
- Save you time and hassle – A property manager's job is to list the property, arrange listings and open-homes, and be the go-between the buyer and seller.
- Remove emotion from the equation – A property manager doesn't have the emotion investment in your house that you do. After all, you may be selling your family home. They can have your financial best interests in mind without the emotion attachment, therefore they're often best equipped to make decisions objectively.
- Help you choose the best method of sale to maximise sale price and sell the property for you, including at auction.
Conversely, selling your home privately yourself can be a very rewarding experience and cuts out the middle-man, potentially increasing the amount you make on the sale.
5. Speak to your bank
Preparing to sell your home is a good time to assess your current home loan to see if it's still performing like it should. Once you've done that you'll be better placed to consider whether a home loan refinance is needed. One way to help you do this is to use a Home Loan Repayment Calculator to see if your home loan is still giving you a good rate, comparatively speaking. Also, you may want to use the equity in your current home to help finance your new home, in which case you may need a new home loan entirely. Speak to a Suncorp Bank Home Loan specialist to discuss what new home loan options are available to you.
Getting your home ready to sell can seem like an overwhelming and never-ending process. However, with a few tips and the right advice from professionals, the whole process can be made an easier and more profitable one.
Information is intended to be of a general nature only and any advice has been prepared without taking into account any person's particular objectives, financial situation or needs. You should make your own enquiries, consider whether advice is appropriate for you and read the relevant Product Disclosure Statement or Product Information Document before making any decisions about whether to acquire a product.