Selling your home? See our tips.
There’s more to selling your home than putting up a ‘For Sale’ sign on your front lawn.
Here are the first things you should check off your list to help you get a favorable sale.
1. Get a trusted team.
Having a good team – broker, conveyancer or solicitor, and real estate agent – that communicates well will ensure any issues that arise during the sale can be quickly and easily dealt with.
Arranging finance before finding the perfect property will put you in a good position when it comes time to make an offer. When you do find the house you’ve always wanted, you can present to the seller and estate agent as a prepared applicant who is serious and reliable. Don’t be afraid to let the selling agent know you have conditional loan approval in place.
Sellers are most interested in completing their sale fuss-free and with steadfast funding, showing that you are capable of both will help put you at the top of a potentially competitive list of applicants.
2. Prepare the paperwork
In the instance that you find and secure purchase of a home without having your loan pre-approved by a lender, there are a few pitfalls that you risk running into.
You run the risk of forfeiting your initial 10 per cent non-refundable deposit you need to put down to secure the property. This may differ depending on what state you live in, but the point is it always pays to be organised and have pre-approval in place.
Saving home loan applications to the last minute also leaves less time to find the most suitable loan and have it approved ahead of settlement.
3. Present your property well
Thinking that your home will sell itself can be a costly mistake. Despite how much you like the way you have it set up; furniture, flooring and painting changes can make a big difference to the property’s wider appeal, and marketing it widely can increase the competition and, therefore, the price.
Trust your agent’s strategy, engage in a thorough marketing campaign, and invest in presenting your property in its best light to help secure the best financial result.
4. Speak to your broker
Looking for a property to purchase is an exciting time. Choices regarding location, size, number of rooms and local amenities often see house hunters carried away in a deluge of daydreams and anticipation.
However, before you get carried away, it’s important to check off the essentials first. Although organising your finances may seem drab in comparison to perusing sales listings, gaining pre-approval with a lender will give you confidence about how much you can afford to borrow.
Speak to our team
