Dos and don’ts when selling your home
SO, you’ve decided it’s time to sell your home and move on to something new, but as a first-time seller, you’re not entirely sure where to start and what to do. This is a very common situation.
This is according Bill Rawson, Chairman of the Rawson Property Group, who says their agents are often asked to advise potential sellers on what to do.
Preparing well and with the right team behind you, he says you can rest assured that a successful sale is easier than you might think.
Rawson stresses the importance of this stage, as it not only gives you, the seller, a realistic idea of the value of your home, but can also be an opportunity to assess ways to improve that value and the saleability of your property.
“Many people choose to have a selection of agents value their property, but don’t be too surprised if their numbers don’t all line up,” he says.
“Training and experience levels can greatly affect the accuracy of a valuation, which is why it’s imperative that you select an agent who has an active presence in your area, as well as access to important information and training.”
Rawson says sellers should not assume that the agent with the highest valuation of your property will achieve the highest sale price. In fact, he says the reverse can often be true.
“It’s been proven time and again that over-pricing a property can be detrimental to a sale. Overpriced listings stagnate, and buyers become very wary of a property that’s been on the market too long.”
Instead of going for the ‘highest bidder’, he says you should select an agent that you can trust to have your best interests at heart, whether that’s someone recommended to you by a friend, or someone with an excellent track record in your area.
“Selling a home can be an emotional process, but you can’t allow those emotions to cloud your judgement, so you need to be able to trust your agent to be honest with you about all aspects of your property and its sale,” says Rawson.
For those tossing up the idea of using multiple agents to sell their home, he says he advises to stick to a sole mandate for the best results.
“Agents will always prioritise a sole mandate over an open mandate, as they are guaranteed the sale. There is also no incentive to encourage sellers to accept low-ball offers simply to beat their competition to the finish line.”
Once you’ve selected an agent, Rawson says it’s a good idea to sit down with them and discuss any ways you can improve your home’s appearances before you list it.
These can be as simple as neatening up your garden, fixing a few broken fixtures or applying a fresh coat of paint, but can also include minor renovation suggestions that could add significantly to your home’s value.
“It’s difficult to be objective about your own home, so having your agent cast a fresh eye over everything and make suggestions can be very beneficial,” says Rawson.
“It doesn’t have to be an expensive preparation process, simply decluttering and depersonalising before show days can help to maximise your property’s appeal without breaking the bank.”
With your home looking its best, Rawson says there is little more for you to do other than sit back, relax, and let your agent do their job.
“If your property is listed at the right price and properly marketed, a successful sale should be just around the corner.” Property24.com
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