Selling property? Preparation is key

Every seller wants to get the best price possible for their property. If you are serious about selling your home and generating buyer interest there are two key areas you need to research, understand and act on to ensure your home becomes somebody else’s home as soon as possible:

1. Pricing the property

Many sellers start with the wrong listing price. Do your research from the outset and take your agent’s advice. The biggest problem with overpricing a property is that you will eventually have to drop the price. To buyers, this can look like desperation and may slow down the selling process while people wait for the price to drop further.

2. Appointing a real estate agent

It’s important to focus on the quality of your agent, rather than the initial cost. You should weigh up whether a cheap agent will cost you more in the long run. Look at agent contracts and understand what you are getting for your money – advertising costs, contract length, and commission to be paid on sale are all areas you need to understand before signing up.

If you’re thinking about selling your home, you need to be able to look at your property from the eyes of a buyer. We’ve put together this handy checklist to help you prepare to put your property on the market.

Download the checklist now.

For more information about buying and selling property check out our Open House Heroes page where you'll find lots of handy tips and hints.

Got any questions for our Home Lending Specialists? Or ready to have a chat about a home loan? Call our Contact Centre on 13 14 22 or visit your nearest branch today! Our lending specialists are ready and waiting to help you buy your dream property.

* Home loan comparison rate based on a $150,000 loan over 25 years.  Fixed loan comparison rate applies only for loans with an LVR of 80% or less and a loan amount of $150,000 to $249,999.  WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Interest rates are on a per annum basis. Rates are correct as stated and subject to change without notice. Rates shown are for new loans and do not apply to switches or internal refinances.

Home Advantage Variable rates include discounts shown from the Standard Variable rate. Home Advantage Living Equity rates include discounts from the Living Equity rate. Discounts are based on total lending in the package. Discount Variable LVR rates are for new lending and include discounts from the Discount Variable Loan Rate.  Discounts are not available in conjunction with any other interest rate discount or special offer. All fixed rates are fixed for the period stated and revert to the variable rate applying at expiration of the fixed term. To approved applicants only. Conditions, criteria and fees apply.

Loan to Value Ratio (LVR) is the loan amount divided by the value of your security property (determined by Heritage Bank at assessment), multiplied by 100. Owner Occupied loans have a maximum LVR of 95%, Investment loans have a maximum LVR of 80% and Living Equity has a maximum LVR of 80%. Heritage is not accepting any new investment applications until further notice.

This advice has been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs.

Generate a personalised Key Fact Sheet based on your loan amount, term and repayments. This tool is provided to help you compare home loans from Heritage with other financial institutions.

The information provided is intended as general information only. Blogs have been prepared without taking into account your objectives, financial situation or needs. Because of this you should, before acting on this information, consider its appropriateness having regard to your objectives, financial situation or needs. You should consider obtaining personal investment, taxation and/or legal advice before making any decision.  Please consider the Guide to Heritage Deposit Products and Guide to Heritage Credit Card Products (available in-branch, or at www.heritage.com.au) before you decide whether a product is right for you. All loans and credit cards are subject to application and approval. Conditions, criteria and fees apply and are subject to change without notice.