Are you thinking of selling your house in New Zealand? Selling a home is a big decision that involves lots of groundwork. So, it needs to be done appropriately. Here are the most crucial things to consider when selling a house in New Zealand.
Know the Value of Your House
Since selling a house is a form of investment that would result in monetary gain, getting the most returns by knowing the house’s worth is essential. When you learn the value of your home, it would be relatively easy to set up the selling price and discounts.
So, start by determining your property’s current market value. You can do so by using online tools like websites specifically designed for such jobs. The professional team at Your Property Solutions also recommends hiring real estate experts to save time from the hassle of trial and error of self-evaluation. It also gives more accurate results since they are experienced and knowledgeable in such matters.
Depending on the value and condition of your house, you may want to do some things to increase its value. For instance, you can declutter the home and clean it thoroughly. Once cleaned, you may want to do repairs, like fixing a broken fence and painting the house to give it a nice furnished look.
Pick On The Right Agent
While you can sell your property privately, settling through a real estate agent is more convenient and saves time. Deciding on the right real estate agent is key in ensuring the success of your property sale. Take time to learn about the agent’s track record. Don’t coil from asking as many questions as possible to know their current success rate. You can even request the agent to speak to their current or previous vendors and homeowners to know how responsive they are.
Once settled, the right agent would help you list and show your house in the best light, lead the advertising campaign, negotiate with interested buyers, and seal deals.
Calculate the Cost Incurred in Selling Your House
Calculating the cost incurred in selling your house, like handling repairs and painting, is crucial in determining your profit margins. So, don’t rush into selling your property aiming at a significant amount without factoring in these small yet essential costs. When estimating the cost incurred, factor in the money spent on repairing the house, legal fees, movement, and marketing expenses.
Establish How You’d Like To Sell The House
There are many ways of selling a house in New Zealand. You can sell by auction, deadline sale, tender, advertised price, and negotiation. Although you may have a preferred way of selling the property, getting professional expertise and counseling is essential. So, have a thorough discussion with your agent to establish how to sell your property. Remember that the selling method you adopt impacts the asking price.
Proper marketing would lead to people noticing your property and sales. Your agent should be your number one marketer and need to know the different advertising options.
First, there’s open homes, a forum with opinions from buyers who gauge your home. Depending on buyers’ ideas and how they measure your house, you can change your approach. Then there’s traditional advertising which involves putting leaflets and flyers. While we are in a digital world, traditional advertising is still a solid marketing option in New Zealand.
Last but most important is digital marketing. You need to have a robust online presence and put your property on different websites and social media platforms like Facebook and Instagram to alert potential buyers that it’s on sale. When displaying your house on social media, ensure you take high-quality, professional, and appealing photos.
In New Zealand, all written offers need to be handed over to the seller. However, your real estate agent weighs the offers received before presenting them. They also negotiate with potential buyers to obtain the best price.
Once you accept the offer, you’ll need to do a few things to complete the sale. One, signing the sale and purchase agreement legally binding the sale, making it expensive and complicated to change your mind. You’ll also need to meet any conditions the buyer put in the offer before the agreed deadline. Lastly, the buyer pays a deposit kept in a trust account until everything is completed and settled.
On the settlement day, the buyer pays the remaining balance, after which they’re handed over with keys, and voila! You sold your house.
Selling a house in New Zealand is not a simple process, but it’s not complex either. With the right real estate agent, you can sell your property without the hassle of selling it by yourself.