With the internet becoming more and more essential in real estate transactions, it makes sense to harness its potential when it comes to private house sales in Melbourne. The online property portals have entirely modernized private house sales which can now be quite easily carried out without involving real estate agents.
How can I find someone who can buy my place Melbourne? Well, the process of private house sale over the web has been simplified with many online companies offering assistance to the property owners.
70% of potential investors search for property online. The process owes much to information regarding the exact location, and property prices, which earlier were only available to the real estate agents, now being in the public domain.
Before you decide to sell your place, consider your market, your time and your property, and take the following steps:
Research your market
Before you invest your time and efforts, it is vital that you do your research. Find out the status of the local properties, in terms of price, rent and time on the market. This way you can make the right decision on the marketing and timing of the campaign.
Good market research will always help you in the sales process and pitching process. It will be embarrassing for owners if they are unable to provide the specific answer that the client was looking for.
Property valuation
For property valuation, there are certain ways that can help you ensure that the analysis proceeds as accurately as possible. Start with considering the average price of properties in the neighbourhood. Considering the market situation, property condition or location, you can seek professional assistance.
Considering the following aspects will make the property valuation simpler for you:
Consider the local area
There is a significant role of the local area in property valuation. The value of the properties on the urban side will be different from those in the countryside. Thus, keep in mind the local area, when opting for property valuation.
Size of property
It is not true that a bigger property can get you bigger money. The accuracy depends on the number of rooms in the property, how to maintain the property and the requirements of the buyers.
Recent sales
Another vital aspect that determines the procedure of property valuation is the recent sale in the area at your property location. Among the number of factors that determine the sales of properties in a certain location, it has a role in determining the value of your house. Also, give a consideration to the median price for your property on the websites. Getting the general value as per the market trends will make you decide exactly how valuable your place is.
Areas of improvement
Every property has certain areas that can be improved and made to look better – this will assist you to get the most for the property upon sale. Make certain you’re open to any recommendations and are inclined to make the important improvements to the property.
Setting the price higher than the market value makes your property stay on the market longer than necessary, and the lower price may make you lose profit. This is why it is essential to get the most accurate property valuation possible.
Advertising the property
Make the property listing descriptive, and highlight the special features of your property including attractive pictures to give a good idea of how the property looks. This is essential as well, because not mentioning clear things about your property may lead to potential buyers assuming that there is something wrong with the property.
Open houses for viewings
Open houses allow buyers, who may have a real estate agent, the chance to see homes without involving the agent. Make sure to provide the necessary information and it is advisable to carry contract papers to every open house. Here are a few need to-dos to attract buyers to your property. Begin with the outdoors – clean the home windows, repaint if essential, and give your front garden sparkling new landscaping. Fix the damaged or broken things and remove all the clutter.
Make disclosures as per the law
To avoid lawsuits, find out what is needed by the law and if required, hire a professional to review the contract. It will really be helpful if you do have relevant experience in handling real estate transactions. Prior to closing the deal, sort out all the finances and make sure both the parties understand the terms and conditions well.
It is hard to prepare legal documents and verify the laws referring to the real estate market. Thus, hiring a professional will make matters less complicated, and could aid you with the closing documents.
If you would like to have more information, tips and advice on how to conduct a private house sale, visit Minus The Agent. Listing your property on our platform will greatly enhance your chances of successfully achieving my private real estate sale.
