Step by Step Guide to Selling
selling is less stressful when you understand the process
Step 1: Get an Accurate Market Appraisal
KR Property carries out many market appraisals each year, giving KR Property intimate and unparalleled knowledge of property values in our area.
Your aim should be to sell your property at the best possible price in the shortest possible time. KR Property’s job is to make sure that happens.
To arrange a no obligation, free market appraisal on your property call Kim on 0407 835 207 or complete the property appraisal request form.
Step 2: Select Your Agent
When choosing your Real Estate Agent, consider their experience, when they will be available to conduct inspections, their presence and what kind of marketing your property will receive.
Choose an agent you feel comfortable with and who you feel you can trust. If an agent is more concerned about you signing the paperwork rather than showing an interest in your property that might be a red flag.
Working with someone you trust and who is focused on achieving the best outcome for you is critical to obtaining the the best outcome from the sale of your property.
Step 3: Instruct a Solicitor
The successful completion of the sale of your property can be reliant on the instruction of an efficient and experienced solicitor. It is a good idea to do some research and make a decision before you put your property on the market as this will help to avoid delays.
If you are unsure which solicitor to use, you can ask friends and family for a recommendation, or KR Property can provide a list of solicitors that operate in the area.
Narrabri has a number of highly skilled licensed solicitors and conveyancers.
Step 4: Presenting Your Property
First impressions count, making the presentation of your property critical to a successful sale. But that doesn’t mean you have to spend thousands of dollars renovating your property.
Consider addressing any DIY jobs you have been meaning to get around to, add a fresh coat of paint where necessary and try to declutter to make rooms appear larger. If you are unsure, KR Property is happy to make suggestions.
Step 5: Marketing Your Property
To find your perfect buyer we need to give your property maximum exposure across a wide range of media. At KR Property we use a number of mediums to advertise your property, including:
- KR Property website
- the local newspaper
- Flyers in local mailboxes
With marketing, the most important factor is to advertise where your buyers are. At KR Property we will develop a marketing campaign that is within your budget and ensures your property will be advertised widely.
Step 6: Receiving an Offer
As soon as an offer is received we will notify you both verbally and in writing. All offers made must be made in writing. To make an offer in writing a buyer can use a written letter, SMS or email. Any special conditions of the offer must also be stated in writing in the offer document. The buyer cannot add these later unless you, the seller, agrees. Special conditions usually include finance, building and pest inspections.
If you are a buyer and would like to make an offer on a property marketed by KR Property you can use my online Property Offer Document.
If you would like assistance arranging building and pest inspections, please contact KR Property and we can provide you with a list of trusted inspectors. If the property you are interested in is going to Auction, we recommend you organise a Building Inspection Report prior to the day of the Auction.
Step 7: Offer Accepted
Once you accept an offer, we will do the following:
- Prepare a Sales Advice
- Write to all parties to confirm the agreed price & conditions
Your Solicitor will send out a Contract to the buyer’s Solicitor who will then carry out preliminary enquiries. We will advise you and negotiate on your behalf throughout this process, keeping you informed every step of the way. There are no legal obligations until Contracts are signed and exchanged.
Step 8: Exchange of Contracts
Exchange of Contracts occurs when the following have been confirmed and agreed:
- Preliminary enquiries following receipt of Contract
- Evidence of a good title
- Specific issues highlighted in the Lease, if applicable
- Local search queries
- Fixtures and fittings to be included in the sale
- The buyer’s mortgage offer
- The cooling-off period begins when the agreement has been signed by or for each party and ends at 5pm on the fifth business day. This does not apply to a property that is auctioned.
Once the Contract has been signed by both parties and the deposit (usually 10% of the purchase price) has been paid into the Agent’s trust bank account. The settlement date is then set by mutual agreement.
Step 9: Settlement and Completion
If you are the Buyer, prior to settlement the agent should undertake a final inspection with you to ensure that the property is still in the same condition it was when you negotiated the deal.
Settlement is when the residual monies are transferred from the buyer to the seller.
If you are the Seller, your solicitor will call you when the money has cleared in your account and will inform us to release the keys.
Congratulations, the property is now sold and whether you are the buyer or seller your new adventure begins.
A licensed sales agent, and stock & Station Agent, KR Property offers a transparent, honest and professional sales experience to deliver outstanding results in the property sales sector. Operated by locally respected agent, Kim Rozendaal, with many years of experience in the real estate industry..