Ann Paterson Real Estate has years of experience in the property market and can help you get an understanding of the market so you can avoid falling into this trap and make the most of selling your property. Here are some tips to get you started.
Swings and roundabouts
You probably already know that the market goes up and down at different times, but you might not know how this works and how to use it to your advantage. Sometimes itâ€™s a buyerâ€™s market out there, other times itâ€™s a sellerâ€™s market, or somewhere in between the two. Youâ€™ll know when itâ€™s a sellerâ€™s market because properties will sell fast and prices will climb. This is the time when you want to sell, and itâ€™s worth waiting for it to happen to get the best result. If you canâ€™t wait for it to become a sellerâ€™s market, there are smaller changes that can make a difference, like selling in spring and summer, making sure your property is competitive with other properties and getting knowledge of the market on your side.
How does your property compare to others like it? Youâ€™re not a mind reader, but you can anticipate some of the things that buyers are responding to in the market. Keep a close watch on similar properties in your suburb, surrounding suburbs and comparable locations. Go along to inspections and get a feel for the properties, talk to the real estate agents, and see if you can get a feel for the potential buyers too. Then have a look at your property and see how it stacks up. Is there anything you could do to spruce it up? Does it need any repairs, or is it already out-performing the other properties on the market? Be brutally honest with yourself here â€“ it will pay off in the long run.
Knowledge is power
You can verify the knowledge you gained by getting a valuation from a real estate agent or even a certified property valuer. Valuers and real estate agents take a whole range of factors into account to determine how much your property is worth on the current market. As a bonus, talking with them can give you insight into these factors and how you can best use them to your advantage. Valuers and real estate agents will consider things like the nature of your property, current and predicted interest rates, how accessible finance is for buyers and recent market trends. This will equip you with the knowledge you need to maximise your sale price.
Make sure your armed with the right knowledge with Ann Paterson Real Estate's free Market Appraisal service, which offers a friendly, no-obligation, no pressure chat regarding the value of your home. For more details click here: https://www.annpatersonrealestate.com.au/free-market-appraisal