Selling a home in Queensland? We’ve got you covered. This straightforward guide breaks down each step to make selling simple and smooth. Whether it’s your first time or you’ve done this before, follow along to sell like a pro. Let’s get started!
#1) Determine the Value of Your Property or Get a Property Appraisal
Before embarking on selling a property, establish its market value. Engage a professional valuer or real estate agent to provide a property appraisal. Property size, condition, location, and comparable sales will influence their estimate.
#2) Select a Selling Method
Determine your preferred approach for selling a property. The main methods include private treaty (private sale), auction, or expression of interest. A private treaty involves listing a price or range, while auctions are public events inviting bidders.
#3) Engage a Conveyancer
For assistance in selling a property, you can hire a conveyancer. Interview several to gauge their competence, marketing plans, charges, and sales history.
#4) Initiate Marketing and Advertising
Develop an impactful marketing strategy tailored to your chosen selling method and audience. This might entail online listings, traditional print advertising, informational brochures, and open homes. Prioritize high-quality visuals and detailed property descriptions.
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#5) Engage in Negotiations and Finalize an Offer
In the case of private treaty sales, anticipate multiple offers. Engage in negotiations over price, terms, and settlement dates. When an agreement is reached, contracts are signed. In auctions, the highest bidder is the purchaser, leading to an immediate contract exchange.
#6) Facilitate the Contract Exchange
This stage of selling a property conveyancing involves both buyer and seller signing their respective contracts. Buyers usually provide a deposit, often 10% of the purchase price.
#7) Go through the Conditional Period
For residential properties in QLD sold via private treaty, there is normally a period where the buyer has a chance to sort out their finance and do any building and pest inspections on the property. This period grants the buyer the right to back out, albeit with potential financial repercussions.
#8) Oversee the Settlement Process
The culmination of the process of selling a property is the settlement. Here, ownership shifts from the seller to the buyer. This period can span from 30 to 90 days post-contract exchange. Solicitors or conveyancers ensure all legal requirements are met and handle the final payment.
#9) Coordinate the Handover
Post-settlement, transfer property keys and access to the new owner. Organize the disconnection of utilities and inform relevant parties of your address change.
Remember, the property market and associated regulations can fluctuate. Seeking professional advice throughout your selling journey can provide clarity and foster a seamless transaction.
Also read: How To Find Deceased Estate Sales in QLD
Curious About Selling a Property Process in Qld?
Thinking of selling your property? Don’t navigate the journey alone.
At Walker Pender, we turn complex processes into simple steps.
Our expertise ensures you get the best deal with less stress. From valuation to settlement, we’ve got you covered. Make the smart choice.
Let us help you make the most of your property sale.
