So you’ve made the decision to sell up and move onto other pastures. Before you start the journey to selling your home, before you even create a listing, you need to prepare for sale. This checklist will guide you in those early stages when you prepare your home for sale.
Check the time
Property experts use the property clock as an analogy to talk about property prices. As the clock’s hand ascends towards 12, property prices are surging, and as the hand heads down towards 6, prices are dropping. Knowing what time it is on the property clock in your area will give you realistic expectations of when it comes to the sale of your home. This information should also guide you to set a good price on your home, one high enough to be worthwhile and competitive enough to attract interest.
In addition to researching the property clock, you’ll want to do further readings to help you set the right price for your home. Having a good price on your home can make-or-break your sale; pricing too low or too high can seriously delay sales, or can even fail to sell your home. Look at listings in your area to see what similar properties are going for. You’ll also want to get an official bank valuation to determine what your home is worth. Weigh up these factors to set the perfect price for your home.
If you’ve made the wise decision to recruit professional help while selling your home, then it’s time to start researching agents. Don’t just go for the first agent who pops into mind. Instead, take the time to interview a number of agents or property guides. Choose someone who doesn’t make grand promises, nor someone who is too disinterested. Watch out for signs of a bad agent who spends too much of their time doing menial tasks instead of focusing on selling your home. A good agent or property guide will specialise in negotiating and getting the best price on your home.
While older homes may appear slightly shabby but structurally sound, only an expert eye can detect what lurks beneath the surface. You could have structural damage caused by sinking, cracks in the brickwork, or termite damage, and you would be liable for these issues once the home is sold. It may be wise to get a pre-sale inspection on your property. If everything is sound, it can be used as a negotiating tool, if the home’s in disrepair, you know how to set your asking price.
Before listing your home, you’ll want to perform some simple repairs that will add value to your home. Simple maintenance might include giving the place a new paint job, replacing old rusty door handles and fixing up the front garden. Then you’ll want to prepare your home for staging, by decluttering as much as you possibly can. Decluttering gives your prospective buyers mental space to imagine what they could do with the place, so remove all personal items and knick knacks that are lying around.
Too many sellers make mistakes while selling their home when they have an emotional attachment to the place. It may be their family home and the place they grew up in, and they’ll set an unrealistic asking price, or fail to make valuable renovations. The final step in your pre-sale checklist is to cut ties. You’ll sell your home more effectively without emotion involved.
Want to know what your home is worth? Get a free bank valuation.