Selling a house is often a stressful process. Even at its best, preparing a property for sale, marketing the property, and the often lengthy process that precedes the final sale of the property can be taxing.
The selling process
Choosing a real estate agent
If you decide to employ a real estate agent to sell your property, ask friends, professional advisors and others who have had recent dealings with agents to recommend a firm or a particular agent that suits your needs. Some agents specialise in specific suburbs or areas, particular type of properties.
Once you’ve chosen an agent, make sure you discuss their recommendations for marketing your property, the recommended method of sale and the price that they believe they can achieve for you. They may also have suggestion for improving the marketability of your house.
Always check the agent’s charges and their advertising costs carefully. Charges are generally negotiable.
DIY property marketing
Marketing your property yourself saves the fees of an agent but you’ll still need to spend money on advertising and spend time selling your house to prospective purchasers. There are various ways to advertise your property including simply putting a sign up outside your property. Before you decide to sell your property yourself, it may be worth exploring the costs and advantages of using a real estate agent. The contacts and expertise available through an agent can seem better value once you add up the direct costs of independent marketing and the time need to liaise with prospective purchasers.
The property sale agreement
Whether you decide to sell your house yourself or use a real estate agent, you should still get any contract or sale agreement drawn up by a legal professional.
An experienced legal professional will check that your contract includes complete details of the transaction and any special conditions you require. For example, you may want the option of cancelling the contract if you receive a higher offer before the contract becomes unconditional.
You may also need to be aware of potential problems that could hold up the sale of your property. For example, a swimming pool that’s been installed without the required compliance and permissions could be a problem for a potential purchaser.
Your legal advisor can also liaise with financial institutions on your behalf to ensure the discharge of any mortgage over the property on the day of settlement, or assist with any related refinancing.
How can Property Law Service help?
Property Law Service offers advice on your property agreement before you sign as part of our standard service. If you’d like our assistance with your property sale agreement, please request property agreement advice, request a fixed price conveyancing quote or contact us on 0800 PPTYLAW (0800 778 952) or +64 6 3705102.