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Information for Sellers

Reddy Set Sold is not only here to help your sell your property but to maximise your sale price by providing valuable information.

 

Selling Your Home

At some point in their lives most people will sell their home. This can be a very confusing time, filled with many questions and few answers. This is where Reddy Set Sold can help you by explaining and simplifying the whole process.

Let’s begin by looking at the steps required when selling your home:

 

Step 1 - Preparing To Sell Your Home

The overall presentation of the property both inside and outside is a major factor in the final purchase price you may receive. A large number of buyers these days are looking for completed well appointed homes rather than renovation projects. You should commence making a list of the entire exterior and interior works that you want to complete before placing your home on the market.

 

For example:

  • Touch up exterior and interior paint as needed.
  • Make sure the front is clean and spruced up - curb appeal will create a favourable first impression.
  • Trim bushes and plants as needed, and make sure the lawn is kept mowed and trimmed.
  • Install new carpeting and flooring if it appears worn or dated.
  • Keep the interior clean, de-cluttered, and smell-free and remove any evidence of pets.
  • Minimize personal items such as family photos as you want buyers seeing themselves living in the home.
  • Consider putting excess furniture and belongings in storage. Now's the time to clean out the garage and sheds and sell, give away or throw away items you don't need anymore.
  • Contact Reddy Set Sold who will point you in the right direction and provide reliable information to get you moving in the right direction towards the sale of your home.
  • LESS IS MORE

Step 2 - Estimate Your Properties Worth

A number of factors that go into determining the selling price of a home however the following we consider the most important:

  • Location
  • Market conditions
  • Condition of the property
  • Price expectations

 

Other factors that need to be considered:

  • It is realistic to compare the homes in your area and the asking prices.
  • The law of supply and demand always comes into play. Do you live in an area with increasing job opportunities or an increasing supply of homes?
  • Owners willingness and time to sell can impact the selling price of a home.
  • Do you need a quick sell or do you have time to sit on your sale?
  • The selling price is not clear cut and often the seller will negotiate the price to make the sale of the home complete.

 

Only a qualified real estate agent such as Reddy Set Sold can provide a fair market analysis of the homes for sale in your area. A Comparative Market Analysis (CMA) is free and without obligation. For more information on how to receive a FREE appraisal then contact Reddy Set Sold via this link (Add link for Property Report or Contact pages).

 

Step 3 - Appoint Reddy Set Sold As Your Agent

Reddy Set Sold will sit down and discuss your selling needs. Understanding your “time to sell” is very important in determining which marketing strategy will work best for you. There is a direct relation between the cost to sell and the time available to sell the property. Quick or forced sales generally will attract higher advertising costs as immediately maximising public exposure is required. In addition, quick sales put the seller in a fairly weaker position when it comes to negotiation the final settlement price. On the contrary, a more patient seller can reduce costs by a much slower ramp up of advertising and hold firm for a better price.

 

Generally, houses are sold by private treaty involving opening the home for open inspection and accepting offers from potential buyers. The Auction process can be used, however we would recommend that they should only be used when the property is either unique and the market estimate cannot be demined, or the local market is such that houses are in high demand.

 

Professional photographs are very important in presenting the property in the best manner. For a relatively low cost we would recommended approximately 10 high resolutions photographs be included in the marketing material.

 

Step 4 - During The Listing Period

During this period we will discuss with you the frequency and timing of presenting the property to the public. This is either done by conducting open inspections and/or by appointment.

 

Following a few steps will help maximise your sale potential, a lot of the time it is first impressions that counts the most.

  • Curb appealis the attractiveness of the exterior of the property, as viewed from the street;
  • Create space by decluttering and removing any excess furniture;
  • Neat is everything, keep all rooms tidy for open inspections;
  • When potential buyers visit your home, it is best to be absent so potential buyers can feel comfortable walking around;
  • Have fresh flowers in the entryway. It makes for a friendly introduction into your home.;
  • If inspections are in the morning the smell of freshly brewed coffee can be quite alluring and in the afternoon the smell of cooking quite homely.

 

Receiving An Offer

Reddy Set Sold will advise you of any offers that are received and you as the seller will have the final say.

The first step as you start to receive offers on your property is to evaluate them. This is something that you and your agent should do together, evaluating each offer that is put on the table. These offers will include more than simply the sale price. You'll want your real estate agent to explain all of the variables of each offer, to find the best fit for your needs. The following are a few of the variables that you'll need to take into consideration:

  • Cash versus finance approval.
  • Settlement time.
  • Other special conditions.

 

Negotiating

The negotiating process can at times seem very complicated and emotional, However, Reddy Set Sold can make this straight forward and less stressful. During the negotiating process of the sale, the seller can either accept or reject the offer or make a counter offer. Whilst your agent will always work to maximise your sale price it is important to remember that the negotiation process requires give and take by both sides.

 

We will be there to help you through this step however but the final decision will always be yours.

 

Step 5 - The Settlement Period

The settlement period is the time between the signing of the contract of sale and the final payment of monies due on the sale. This term can vary and is agreed by the parties as part of the negotiation. The period is usually about 30- 45 days but can depend on the buyer's financing availability, successful building and pest inspections and lenders conditions etc. Once all special terms and conditions have been met, Reddy Set Sold will receive the balance of the deposit and hold it in trust until final settlement.

 

At the end of the settlement period is “Settlement day” when the title of the property passes from the seller to the buyer. The buyer will receive the keys to the home and land title, while the seller receives payment for the property.

 

The solicitor or conveyancer for both parties will work to determine the final amount payment which is the purchase price less deposit plus/minus any property expense adjustments.