REALTY SPEAKING By Luke Fahy
Hello again readers.
Deciding to sell your home can be one of the most stressful times in your life. The great unknown…… the questions – “What agent will I use?” “What will people think of my home?” “Is the price to high?” “ Is the price too low?” This week I thought you may benefit from a basic ten point plan to help you on your journey.
- Select your preferred agent.
- Call your solicitor or conveyancer and ask them to prepare a contract of sale for the property.
- Organise a meeting with your agent to execute the agency agreement.
- During this meeting structurea price that represents a true indication of value not a price so high that you price yourself out of the market nor a price that undersells the home.
- Develop a marketing plan with your agent that gives you the most possible exposure in print, web and other mediums. “Leave no stone unturned”
- Tell your agent how you would like inspections to run eg: “Shoes not to be worn in the property”
- Ask your agent if there is anything that you should do before the property “hits” the market? For example: Any small jobs that may benefit in the sale such as getting that squeaky door fixed.
- Be involved in your marketing. The last thing you want is to see a photo of the home you dislike as the main picture …no one knows your home like you do.
- Ensure that you receive regular feedback from your agent.
- Remember not everyone will like your home but that is ok.
There is ofcourse a lot of other things that come into the selling of a property, but remember there is no such thing as a silly question? Talk to us.
On another note: Sometimes I just can’t believe the market in Armidale gets talked down by peers within the industry to make a vendor except an offer on their property which could have got so much more.
I was recently talking with an agent I know well in Sydney and she told me “Luke, Mt Druitt and other suburbs similar are becoming unaffordable, we are seeing many buyers now looking at regional areas to buy in and invest and later sell to get back into the Sydney market”
With Armidale recently ranked 13th in an RP data study as to the best places to live in Australia. This was based on many factors including median house prices. I would suggest that the Armidale real estate market does indeed have a rosy future and doesn’t need to be sold as a cheap city with no future.
I would like to take this time to wish everyone a very happy and safe Easter
