The preparation you put into getting your property ready for sale can be the difference between getting a standard price and getting a great price. And, the best part is, it's not hard, time consuming or expensive.
Timing
Presentation
Method of Sale
Sale Preparation Checklist
Timing
Buyers for good quality property can be found all year round. With the marketing process having become far more sophisticated than in previous times, the issue of timing is less critical today than in the past. However, there are some important points you may wish to consider.
In major centres avoid the Christmas holiday period between 20 December and 10 January.
The time required to sell property that is accurately priced will typically vary between two and six weeks. Prior to placing your property on the market, allow an additional two weeks to prepare both the property and the marketing material.
Presentation
Presentation of your property is a critical factor in achieving the highest possible price. This is similar to detailing a car before you sell it. The emotional appeal required to stir the spirit of the buyers is unlikely to be generated by a poorly presented property. And a neglected building sends out 'warning signals' to prospective buyers.
So it is important to do whatever is possible to have your property looking its absolute best on inspection day. Some of the turn offs for buyers include:
To improve the presentation, seek an outside opinion, as many of these problems can be fixed quickly and with little expense.
Method of Sale
When it comes to selling your property, there are two popular methods to choose from for residential properties: Private Treaty (Sale) and Public Auction.
Each has its own advantages and it is advisable to speak to your agent about the benefits of each method.
Our company has successfully utilised all both methods, however, we have found Sale by Private Treaty to be the most effective method for tenanted investment properties.
Sale Preparation Checklist

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as at 06/09/10



