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Selling property? Two easy traps to keep clear of

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 too high to begin with

Many sellers start with the wrong listing price. Do your research from the outset and take advice from an agent you trust. 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. Falling into the “cheap” agent trap

It’s important to consider the quality of your agent, as well as the cost. Cheap agents could 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 and be happy with before signing up.

Every situation is different so it’s important you research and take advice from people who knows the particular market you are in.

Looking for a new home? Our home lending specialist are ready and waiting to help you buy your next property. Drop into your nearest branch or phone 13 14 22 to get moving on your next home loan.

* Based on a $150,000 loan over 25 years. 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.

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.