We’ve all heard that it’s an incredibly tough market for selling with fewer buyers and lower auction clearance rates compared to the property boom over the last few years. But don’t despair if you’re thinking of selling -“ many properties in the inner city are actually selling very well and a few are even being snapped up for incredible prices.
We have been fortunate enough to see first-hand how well-presented properties are actually achieving great results or more realistic prices. In fact, one of our clients reached a massive $960,000 over their reserve on auction night.
So if you’re thinking of selling, here are some tips to help position your property at its best in the current market.
Select the right agent for your property. Now more than ever it’s imperative that you choose a respected agent with superior negotiation skills, and with a long-standing track record in your local area.
Don’t be over cautious. Work with your agent to set a realistic marketing campaign. This will help to increase your property’s exposure and will help position your property in the market.
First impressions really do count. A well-presented property that showcases the potential lifestyle your property can provide will help fire the imagination of potential buyers. It will also set your property apart from the mass. Call in the experts here to help you achieve a great result.
Set a realistic price. Work with your real estate agent closely to carefully set a realistic price. The market has certainly cooled off and it’s not a great time to assume you will achieve ridiculous prices.
Be patient. Your property may not sell overnight. So one of our last tips is not to buy before you sell. Bridging finance can be incredibly expensive and may leave you in a vulnerable position. And this is not a good look.
Finally, if you are buying and selling in the same market, the price you accept in selling will hopefully be relative to the purchase price of your new home.