Riverland is located around the banks of Murray River offering gorgeous sceneries with a Mediterranean climate. Having a chunk of real estate in Riverland is a perfect investment idea due to its easy connectivity with Adelaide and a plethora of things nearby.
If you are planning to sell your property in Riverland, you have come to the right place. In this post, you shall get detailed guidance on how to efficiently sell your property without any hassle.
Steps to Follow for a Smooth Selling Process of Your Riverland Property
Selling your property can be a stressful process. Follow the steps given below, to experience a smooth selling process:
Step 1: Find a right real estate agent
The first step you should do after you have made up your mind to sell your property is to research and find a real estate agent. Look for individuals having an adequate amount of knowledge of the local real estate market with impressive sale record. A responsible real estate agent can also help you determine the asking price of your property. Always keep in mind to not keep a tremendously high or low asking price.
Normally, a real estate agent will charge around 2 to 3 per cent of your selling price as a commission.
Step 2: Prepare your house
You can either prepare your house before or after your select a real estate agent. However, we advise preparing your real estate in Riverland after consultation with an agent. Given that the agent knows about the market demands and expectations, he/she can guide you on how to perfectly prepare your house for a good impression.
Additionally, you can also hire a professional stager to create a welcoming atmosphere in your home. Though they charge a significant amount of money, recent stats show that they are a worthy investment.
Step 3: Select a suitable method of sale
After a detailed conversation with your agent, choose the type of sale that would benefit you. You can either opt for an exclusive listing or a general listing.
Exclusive listing means that only one real estate agent can act as the official representative of the seller.
General listing makes sure that you as a seller can appoint as many real estate agents as you like to sell a property.
Step 4: Create a sale agreement and accept the offer
After you have completed all the above steps and have found a potential buyer agreeing to all your terms of sale, create a sale agreement. Make sure that the agreement covers all the aspects of the sale like the selling price of the property determined, date of sale, history of the property etc. Make sure to get the agreement cross checked and verified by a practising lawyer preferably a real estate lawyer to avoid any agreement breach.
Always remember to not take the first offer you receive. Never accept the first offer you receive after listing the property even if the buyer offers the same as the listing price.
Step 5: Hand over your property
The final step in your sale process is the handing over of the property. This step marks the conclusion of your selling process. Keep in mind to hand over the property in the same condition the buyers initially saw it. In case of any type of special request mentioned in the sale agreement, make sure to oblige to avoid a breach of the agreement.
3 Things to Avoid While Selling Your Real Estate in Riverland
There are a few things you must refrain yourself from doing during the sale process.
Not hiring real estate agents
One of the basic mistakes new sellers do is not hiring any real agent for their property. Agents can efficiently screen for potential buyers thus eliminating any type of non-serious buyers. This leads to genuine buyers and speeds up your selling process.
Setting a high price
Do a comparative market research before setting up the price of your property. This is where an agent comes in, who knows the market trends and situation and comes up with a price aligning with those needs.
Hiding any major flaws in your property
Finally, make sure to never hide any major problems with your property. If possible, repair the flaw before determining the selling price to get a comparatively higher price.
Selling your real estate in Riverland is not a tiresome process if you follow the above steps carefully while avoiding the 3 things.
