The Complete Guide to Selling Your Property
Selling your property is an exciting milestone, but it comes with key decisions and processes. This guide provides transparent, data-driven insights to help you navigate the journey with confidence.
1. Should You Buy or Sell First?
Buying First: Pros & Cons
- ✅ Move directly into your new home without temporary accommodation
- ✅ More time to prepare and stage your old property for sale
- ❌ Requires financial security to manage two properties simultaneously
- ❌ You may need a bridging loan while waiting to sell
Selling First: Pros & Cons
- ✅ Know exactly how much you can spend on your next home
- ✅ No pressure to sell quickly—you can wait for the right offer
- ❌ You may need to find temporary housing if you haven't purchased yet
- ❌ Risk of rising property prices while you search for a new home
Expert Tip: Speak with a real estate agent to assess market conditions before deciding.
2. When Is the Best Time to Sell?
Each season presents different advantages:
- Summer (Dec–Feb): Great for families on school holidays, high competition.
- Autumn (Mar–May): Strong buyer activity before winter slowdowns.
- Winter (Jun–Aug): Fewer listings, but serious buyers in the market.
- Spring (Sep–Nov): High demand, but also more competition.
A well prepared property can sell well in any season!
3. Understanding Market & Economic Conditions
- Seller's Market: More buyers than available properties—higher prices!
- Buyer's Market: More homes available—buyers have negotiating power.
- Neutral Market: Balanced conditions for both buyers and sellers.
- Interest Rates & Economy: Low rates encourage buying, while rising rates can slow demand.
A real estate professional can help assess current trends.
4. How Much Is Your Property Worth?
Valuation Options:
- Professional Valuers: Data-driven and unbiased
- Real Estate Agents: Market experience and pricing strategies
- Online Valuation Tools: Quick estimates, but lack property-specific details
Tip: Always request comparable sales data when getting an appraisal.
5. Choosing the Right Agent
Your agent should:
- Be licensed and experienced in your area
- Have a strong marketing strategy
- Offer clear commission structures
- Provide references from past clients
Key Questions to Ask:
- What is the average time your properties are on the market?
- What's your strategy for attracting buyers?
- Can I see recent sales data for my area?
6. Methods of Sale
- Auction: Competitive bidding can drive up prices but requires a set timeline.
- Private Treaty: You set a price and negotiate with buyers—provides flexibility.
- Expressions of Interest (EOI): Buyers submit offers by a deadline.
- Off-Market Sales: Discreet sales to premium buyers—no public marketing.
Your agent will help determine the best strategy for your property.
7. Marketing & Advertising
- Photography & Video: Professional, high-quality images attract serious buyers.
- Signboards: Capture local traffic and interest.
- Online Listings: Ensure your property is prominently featured on major platforms.
- Database & Email Marketing: Targeted campaigns to pre-qualified buyers.
- Print Advertising: Local publications for additional exposure.
Tip: A strong online presence is key—88% of buyers start their search online.
8. Preparing Your Home for Sale
- Exterior: Clean, de-clutter, fresh paint, well-maintained gardens.
- Interior: Neutral decor, remove clutter, maximize space.
- Lighting: Ensure good natural light and warm, inviting ambiance.
- Repairs: Fix minor issues—dripping taps, cracked tiles, noisy doors.
Home staging can increase your selling price by up to 10%!
9. What Happens on Auction Day?
- Property opens for final inspection 30 minutes before auction.
- Buyers bid in real-time—highest bid above reserve wins.
- If bidding doesn't reach the reserve, you may negotiate with top bidders.
Auction Tip: Set a realistic reserve price to encourage competitive bidding.
10. What Happens After Your Property Is Sold?
- Contract of Sale: Signed by both parties, legally binding.
- Settlement Period: Usually 30–90 days, final inspections occur.
- Final Payment: Buyer transfers funds, keys are handed over.
- Moving Out: Ensure your property is clean and vacant for the new owner.