What to expect when selling your home

By October 20, 2016Latest, Selling

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Whether you’re downsizing or moving to a new area, most home owners will find themselves selling at one point in their lives. Selling your home can be a stressful period, particularly if you’re not sure what to expect. This blog post will guide you on the process to successfully selling your home and starting a new chapter in your life:

Deciding to sell

If you’re unsure on how to navigate the selling process, a trusted real estate salesperson is a must when putting your home on the market. They can help guide you throughout the entire process, as well as offering advice and knowledge on how to achieve the best result possible. Once you select an agent that you feel comfortable with, you’ll sign a legally binding agreement that details the duration of the agreement, process, commission, marketing fees and any other associated costs.

Going on the market

Prior to putting your property on the market, it can be wise to thoroughly clean your home inside and out, as well as conduct any minor repairs. This will ensure your house presents itself well and is ready to hit the market. Once your home is in selling condition, your agent will arrange for photos and a written ad to be organised. Make sure to let your agent know of any special features that your home has, so they can be can highlighted to potential buyers.

Sale time

Once your home is on the market, your agent will conduct inspections and negotiate offers on your behalf. Once mutually acceptable terms and price is agreed, you and the buyer will finalise a contract confirming the same.

1 -2 weeks after the contract is signed

After the contract is signed by both parties, the buyer will arrange to complete a building and pest inspection. This will be made at a time that suits the buyer. If subject to finance, the buyer’s financial institution will also require for the property to be valued. Once this is complete, it can be a good idea to clear your property of any rubbish and organise a garage sale to sell any unwanted possessions.

When the contract is unconditional 

Once the contract reaches the unconditional stage, it’s time to book your removalist! As a rule of thumb, it takes between 3 – 4 hours for removalists to clear a standard sized house, so make sure you allow enough time on moving day. Make sure the home is ready to go for the new owners, by leaving behind a clean home with mown yards. Book a cleaner or gardener if necessary. Arrange for your electricity provider to read your metre prior to settlement and try not to arrange a disconnection of services.

The week before settlement 

In the week leading up to settlement, the buyers will arrange a time for a pre-settlement inspection with your agent. Arrange for any final rubbish to be removed from the property and leave behind any manuals or instructions for security systems, pool appliances, solar power or other equipment. Cupboards and the oven should be cleaned thoroughly.

Don’t forget to organise the redirection of your mail, electricity and gas services, as well as any delivery services you receive. You should also transfer your home and contents insurance, telephone and internet provider and notify any relevant parties of your new address.

Settlement day

Settlement day marks the final step of the selling process. Ensure you have vacated the property well before settlement. Settlement generally occurs in the afternoon; however, your solicitor will advise you of the settlement time. All keys, security codes and remotes should be provided to your real estate agency prior to settlement.

Article credit: Andrew Trim.

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