10 Tips to Increase the Value of Your Home
1. Make your offer ‘subject to completion of sale’.
You can buy a house subject to the sale of your own house by putting a special condition in the contract. This way you can secure the property you are buying ‘subject to the sale of your house’.
2. Extend the settlement period
When selling your own house, you can negotiate with the buyer to extend the settlement period, to give you enough time to buy another house.
3. Obtain Bridging Finance
If you buy first and struggle to sell your home, you will most probably need to take out a bridging loan. Typically, interest-only, this is a loan you will have on top of your existing home mortgage loan so that you can service two mortgages simultaneously. Bridging finance can sometimes be at a much higher interest rate, so you should not go into it without seeking financial advice.
Selling My House What Do I Need to Do?
The preparation to sell your house, whether you choose to sell with an agent or to sell without an agent is the same. This handy private seller checklist shows many of the main items required.
What Happens When I Sell My House?
Once you have a contract of sale for the sale of your own home, it will also include a settlement date. You must vacate your home any day before the settlement date. On the day of settlement, the house is no longer yours, as it now belongs to the new owner.
What Should I Do to Sell My House?
Almost every homeowner will sell their home one day. For some people, it is a common occurrence. Whether you are experienced or not experienced at selling a home you can be assured that you always have choices. Choices of ‘which agent’ you could use, or whether you want to sell as salebyhomeowner (or for sale by owner). This is known as selling privately or selling without an agent. The latter is the most economical way as you will be selling your home without paying any commissions. Here’s a handy calculator to see how much you will save by having no agents.
Selling My House, What Do I Need to Know?
Once the decision has been made to sell your house, then it’s time to do your own research on other similar homes in your location and their sale prices. It is a good idea to go to some open home inspections in the area, as if you are a buyer. This way you’ll get an idea and can compare your home to those.
Once you have established an ‘idea’ of how much you would like for your home, then it’s time to speak to the professionals. Of course, you have a choice of local agents but selling privately can be rewarding. Most for sale by owner companies can do everything an agent can do. The best thing is, you save by not paying commissions and have control.
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