Preparation is key when selling

When it comes to real estate there is no such thing as ‘too much preparation’.

The buying and selling process is rife withunknowns, so it’s important you’re well prepared for any possible scenario that may arise.

Be prepared for every situation

Diving in blind to the selling process can cause you a lot of grief.

For example, you don’t know if the property will sell quickly, at the full asking price, or whether you face a long and protracted selling period.

The key to hassle free transactions is eliminating as many variables as possible and staying in control.

We’ve put together some simple and effective tips to help make this process as smooth as possible:

• • Arrange a ‘family conference’ with your partner and/or children.
    Talk about how each person feels about moving or staying put and make sure everyone is on the same page.

• • Take an active interest in likely areas and properties that suit your needs.
    When choosing properties for inspection, stay focused on the really suitable ones.

• • Keep a close eye on properties selling in your area.
    Make a note of selling prices for homes similar to yours so you can set a realistic price when putting your home on the market and making an offer.

• • Make early contact with a real estate agent.
    Discuss the range of services they can offer.

• • Decide if you can afford to buy your next home before selling your existing one.
    This is likely to involve extra short term borrowing, however in the long run you will save on the cost and hassle of renting during this transition.
  • Decide if you plan to use rental accommodation in between buying and selling.
    If so, be proactive and supply your details to agents listing rental properties as soon as possible.

SOURCE: www.reiwa.com.au