In most of the states and territories Australia, the process of selling a house is regulated by the legislation and a regular pattern has to be followed. The process usually starts with a property appraisal which is performed by a local real estate agent or a WA property valuer. He will inspect the house and he will talk through the whole selling process. Once the formal inspection is done, the agent will further discuss the method of sale and help you in advertising.
Who does not wish to take advantage of the rising trends in the housing market when you want to sell your home? The best time to sell your home is when you need to exist your home as it no longer meets your current/future needs.
The most significant factor that can influence the sale of your home is the economy. The economic condition of the country will certainly influence the real estate. The mortgage rates in the country are also influenced by the economy. If the interest rate is high, it will be preferable to stay at home because the mortgage payments can influence your financial stability. If the interest rate is low, it means that you can easily buy a large home without affecting your mortgage.
Cost involved in the sale of property
You probably have to spend money on the repairs and upgrades to make the property attractive for your buyers. Other costs involved in selling the property include:
- Fee for professional property inspection
- Closing costs such as unpaid taxes or fees of lawyer
- Sales commission
Find a realtor
The process of selling is not going to be easy so you will need assistance of a realtor. He will provide information regarding pricing, he will help in property inspections, financing, marketing, and even negotiating. They are professional people who have experience of working in community as well as the real estate market. They can help you save a significant amount of time as well as hassle.
Set the price of your property
You cannot simply set the price of your house without considering the market conditions and the interest rate. First of all, you have to get property valuation done so that you can know the actual market worth of your property. It will help you determine the exact amount you will get for your home. No buyer will be able to refuse this price because it will have a legal standing in the market.
Negotiating the sale
The most crucial and important aspect of the whole selling process is negotiating the sale. You would want the best price for your house from the interested buyers. The real estate agent will help you in this regard. He will perform building inspections and handle other legal procedures to assist in negotiating the sale.
Once both the parties agree on the terms and the sale price, the buyer gives a security deposit and contract is prepared. The copies of the contract are given to the solicitors on both the buyer’s and seller’s side. Once the parties agree to the contract, the keys are handed over to the buyer. For expert advice on property selling and valuations in WA, you can contact Property Valuers WA.