Deciding to sell. Consider what is happening in the broader market and what is best for your particular situation. Also decide if you are better off buying a new home before or after you sell your current home. This is something you should discuss in depth with your agent.
Choosing an agent. Your agent will be in charge of advertising, showing and completing the legal requirements of selling your property, so choose carefully. Find out more about choosing an agent on the Downton Property website.
How do you want to sell. You and your agent will work out a plan for listing, showing and selling your property. Determining your selling price and property inclusions comes next. Your property’s location, size, age and features will be assessed, as will the current market and area trends.
You’ll sign an agreement with your agent. This legally binding contract will detail any commissions, the estimated sale price, duration of the agreement, advertising costs, process and much much more.
Advertising and showing your property. This generally involves photographing your property, drawing up floor plans and writing your online ads. For help with presenting your property, see the useful links section on the Downton Property website. Prospective buyers will contact your agent and arrange times to view your property, or attend your open homes.
Sale and negotiation. Your agent will auction your property or mediate between you and buyers to reach a mutually acceptable price. The buyer will then pay a deposit. Once a property is under contract both seller and buyer’s lawyers and banks will work out the details of the sale to ensure both parties meet all legal and financial requirements. On settlement day all going to plan, you’ll relinquish the keys and legal rights to your property in exchange for the balance of payment from the buyer or their bank. Congratulations, you have sold your home!