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Updated by ministryofcleaning-1 on Sep 07, 2019
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Important things to plan when Selling your property

When you are planning to sell your property, this list helps with the tasks that you need to remember

1

Selecting a Real Estate Agent with successful track record

Selecting a Real Estate Agent with successful track record

Different Real Estate agents charge different sales commission, so you need to do some research or window shopping on nearby real estate agents.

However, to keep in mind, a good real estate agent may charge slightly extra commission but can prove its worth by marketing well and inviting their group of investors. A better real estate agent may sell the same property for an extra ten thousand dollars.

So, hiring a real estate agency with consistent track record is very important.

2

Prepare your house for Sale - Repair, Cleaning, Paint, Furniture

Prepare your house for Sale - Repair, Cleaning, Paint, Furniture
  1. Fix and repair - This includes fixing the leaking taps, any chips & dent s in the walls
  2. Painting the walls
  3. Getting the house professional cleaned by hiring a trusted cleaning service in melbourne. This includes:
    • All Carpets (if any) to be steam cleaned.
    • All Windows (Inside and Outside) and Sills to be cleaned
  4. Replacing any broken or old furniture with display furniture
  5. Backyard / Frontyard cleanup - including Mowing Lawns, Trimming hedges
3

Select a Sale Type - Private Sale or Auction

Select a Sale Type - Private Sale or Auction

It is important to decide whether you want to sell the property via private sale or via a public auction.

If the market is hot and your property is in high demand suburbs, then auction might be more favorable. As with increased demand, there will be more competition and people tends to bid higher at auction.

While private sale my be favorable in buyer's market where your real estate agent may get a chance to negotiate with the buyers.

However, your real estate agent would have more experience. So you should heed their advice as they know market better.

4

Choose Settlement Period - 30 Days / 45 Days / 90 days

Choose Settlement Period - 30 Days / 45 Days / 90 days

When the contract of sale is signed, buyer pays 5% or 10% deposit upfront and the rest on the settlement date. Settlement date is calculated by adding Settlement Period to the Contract Sign Date. The balance amount is paid on the settlement date and you hand over the keys to the new buyers.

You decide contract settlement period depending on the market as well as your situation. In certain situations, buyers may have their own preference depending on how long they need to organise the finance and pay.

5

Finding a Conveyancor or Solicitor

Finding a Conveyancor or Solicitor

Selling property requires lot of legal work. Preparing contract of sale is the main part of it. That is when you need a Conveyancing Solicitor to do the due diligence and prepare the contract of sale. This may vary from state to state.

6

Preparing for your move

Preparing for your move

Once the Contract of sale is signed, you need to start preparing for your move from this place to your new home.

You will need to consider cleaning the house once you vacate it and hand it over to new owners. Don't worry, you don't need to do it yourself. You can hire professional vacate cleaning services to do it for you.

7

Move Out

Move Out

As the settlement day comes closer, you need to be ready for your big move. Pack your bags and belongings. arrange removalists and bid farewell to your old house.