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Things to consider when selling your home

By Rebecca Zhang

If you are considering to sell your home, then there are a few things you need to take into consideration. Here is a list of things to do when selling a house.

1. Deciding to sell

Do your research on the current market and decide whether it is the best time for you to sell your property based on your current situation. Also decide on whether it is better for you to buy a new home before or after you sell your property.

2. Choosing an agent

It is your agents job to advertise the property and complete the legal requirements for selling your property.

3. You will then need to decide how you want to sell. You will work together with your agent to create a plan for listing, showing and selling your property.

4. Determining your selling price and property inclusions: They will assess your property’s size, age location and features, the current market and area trends.

5. You will then sign an agreement with your agent. It will include (amongst other things) the following:

  • Details of any commissions
  • The estimated sale price
  • Length of the agreement
  • Cost of advertising
  • The process.

6. The next step is to prepare the Vendor’s Statement for your property and the Contract of Sale through your solicitor or conveyancer. These should include all the details prospective buyers will need to know.

7. Advertising and showing your propertyinvolves:

  • Photographing your property
  • Drawing up floor plans
  • Writing online ads.
8. Going on the market: When your property is on the market, people who are interested in purchasing it will book an appointment with your agent to see the property or they will attend the open home times.
9. Sale and negotiation: The agent will auction your property or mediate between you and buyers to reach a price that both parties are happy with. The purchaser will then need to pay a deposit.
10. Under contract: In order to ensure that both parties (the seller and buyer) meet all legal and financial requirements, their lawyers and banks will work out the details of the sale.
11. Settlement day: If all goes to plan, you will handover the keys and legal rights to your property in exchange for the balance of payment from the buyer or their bank.
For more information about selling your home, please click here.
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