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How to sell your property remotely

There are many reasons you might need to sell a property that’s not near where you reside – maybe it’s a loved one’s estate or you need to move for an immediate work transfer overseas. Perhaps you’re losing money renting an investment property in another state and just want it off your hands.

There are distinct challenges of selling a property remotely, but there are also things sellers can do to minimise the hassle. Selling a home remotely is no small feat, but an experienced agent can definitely help make the process easier.

First of all, does it make sense to sell?

Unless you’ve already written off renting out the property, consider holding onto it as an investment. Not every area is conducive to renting, but you might find that you can actually make money (and avoid the sales process) by keeping the property as a rental. This is also a great option if you’re moving quickly (hence the remote sale), but may come back at some point. Going overseas for a few years? Renting the property while you’re away can earn you money and ensure you’ve got somewhere to come home to.

Of course, being a landlord is no small job, so you’ll need to hire a property manager who can look after the investment in your absence. Not all property mangers are created equal, however, so make sure you hire an experienced and involved property management company who will run your home like a successful business.

Get your head around the local market

You most likely won’t know much about the real estate in another state, city or country. You can research the market extensively before determining your sale price, but no matter how much information you find, it will be difficult to truly gauge where a particular market is going without local knowledge. That’s why it’s absolutely essential to get in touch with the right agent straight away.

What can the right agent do?

The right agent will facilitate the selling process from start to finish. Any real estate agent can go through the general motions of selling a property, but when you’re not on the ground, you need an agent who can proficiently:

  • Conduct a property appraisal and set a reasonable price you’ll be happy with
  • Advertise the property, prepare the home (including cleaning and necessary repairs), and conduct inspections for you
  • Keep you in the loop about all progress through regular check ins
  • Negotiate fairly and openly on your behalf

Working with the right agent when you sell your home remotely will give you much needed piece of mind. To work with experts who are driven to sell your property, reach out to the Dave Williams Team. We’re glad to help you every step of the way, no matter your unique circumstances.

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Posted in Hints and Tips

6 things to do before you list your property for sale

When you decide it’s time to sell, it can become a mad rush to get your home out into the market. But you should catch your breath first.

Here are six things to check off before you list your property:

1. Research & plan

Before you consider selling, research the market, focusing on properties in your area. Is it a good time to sell? Where do you intend to move next? What’s your budget, including moving? You don’t need all the answers, but you should develop a clear set of goals and have a realistic view of your finances before you invest time and money into preparing for sale. Have you budgeted for moving after you sell?

2. Secure & maintain

If your property needs major repairs, ensure these are taken care of before you look to tempt prospective buyers. Make sure your home can pass inspections with flying colours. Don’t neglect smaller items, like replacing fixtures, patching holes, locks on windows or leaky taps. It’s the details that often make or break a home.

3. Spit & polish

If you’ve been putting off that big clean up, now’s the time. You’ll need a thorough, head to toe scrub to get an accurate assessment of what your property is worth, and have the best chance of enticing a buyer. Wash, buff, wax, freshen up with paint and remove unsightly wear and tear. Remember the importance of curb appeal. Spruce up the garden for optimal first impressions.

4. Make the emotional break

Arguably the most important step before selling your property is being able to bid it farewell and no longer see it as a home. Focus on your future rather than the past, and make peace with your property as a product to be marketed and sold. How will you channel your insights into a targeted campaign for a new owner?

5. Find a great agent

A great agent makes all the difference to your listing, and ultimately, your sale. Ask around and find a reputable agent you’re comfortable with, who understands the market nuances of your area. Flattery is lovely, but you want an agent who’s committed to frank, realistic dialogue about the market and your needs.

Look for honesty, not flattery, in a real estate agent.

6. Dress for success

Presentation, presentation, presentation! Get rid of clutter and overly personal items so buyers can picture themselves in your property. Invite as much light as possible, and remove unpleasant smells (like traces of pets). Get a second opinion to make sure you haven’t missed anything. Your agent and a professional home stager can offer an objective review before your home hits the limelight.

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Posted in Market Updates
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