Choose an agent:
Your home is generally one of the largest assets you own, so it's crucial to deal with an agent you can trust. Peter Currie Real Estate is a Real Estate Institute of Queensland recommended accredited agency.
Method of sale:
When it comes to selling your property, there are three popular methods to choose from:
- Private Treaty (Sale)
- Public Auction
- Public Tender
Each has its own advantages and it is advisable to speak to your agent about the benefits of each method.
Marketing and advertising:
It is no secret that the greater the exposure a property has to the market, the greater the number of buyers who are aware of the listing.
Decide on a listing price:
Setting a realistic price can assist with generating greater buyer interest and achieving a sale more promptly than if a property is overpriced. Sellers who set too high a price on their properties can damage their prospects of a quicker sale and risk the property becoming ‘stale’ in the marketplace.
Prepare the property:
It is important to spend a little time freshening up the look of your property, inside and out. The results may not only add to the sale price, but encourage more buyer interest.
Pre-planning open houses and the inspection times of a property enables the seller to arrange their lives during the marketing campaign and helps ensure the property is presented in its best light at all times.
Accept an offer:
Sellers should be realistic when considering an offer or setting a reserve, keep the age old principal of supply and demand in mind, and also factor in other general market conditions.
Sign contract of sale:
When both parties agree on the offered price and the terms of the offer, all parties must sign and initial any changes that have been made to the document and a binding contract is then created.
Conveyancing is the legal transfer of a property’s title from the seller to the buyer. It is important that sellers research who they wish to use for conveyancing.
Paying the agent:
The commission for the service of selling a residential property in Queensland is 5 per cent of the first $18,000 and 2.5 per cent of the balance of sale price plus GST.
The commission is generally paid on settlement from the proceeds of the sale. It is advisable for sellers to instruct their solicitors to pay this commission from the proceeds of the sale on settlement.