Be prepared for a fast sale
There are many situations that can arise in which owners might find themselves needing to sell their property at short notice.
Homeowners who neglect their homes or are not up to speed with current market conditions often encounter difficulties in the event of needing an expedited sale.
It is important to keep homes in good condition, including regular garden clean-ups.
Owners don’t want to have to tackle a large gardening project when they need to sell. Equally, it is important to keep up with regular maintenance on the home.
Undertake regular inspections on the roof, drainage and gutters to ensure any problems can be fixed in a reasonable time.
It also pays to inspect the hot water system and air-conditioners regularly to anticipate any faults that might be uncovered during an inspection. It is much easier and cheaper to do regular maintenance on a home than last-minute emergency work.
Annual termite inspections on relevant properties are also a good idea. It is surprising how many sales are interrupted by the discovery of timber pests, including termites. This can delay a settlement and result in extra costs to the seller to supply termite treatment and/or repairs.
Contact an agent
Think about how exactly you will sell your home. The most effective way is to use the services of a real estate agent with a good knowledge of the local area.
Local agents know the market and meet prospective homebuyers regularly.
Talk to them about the best strategy to sell a home and what the realistic timeframe will be for this is in any given market.
In the current market, it is important to set a realistic selling price.
Listen to the agent about how to price your home, and be open to modifying the price after a few weeks if potential buyers have shown little or no interest.
Seek financial advice
Talking to a financier about home loan options can also be worthwhile. It might be the case that the existing home loan can be refinanced to include extra funds to buy the next home.
It also pays to have preapproved finance up your sleeve to free up valuable time for when you do sell.
It is about being prepared for a quick sale.