Many factors influence a property's worth, however a good sales Agent will know their market well enough to factor in current market conditions, the economic climate, Buyer interest and the sentiment and expectations of those Buyers.
All of our agents at Mint Avenue Real Estate have access to consistently updated property analytics which substantiate your property's value according to market data. At the end of the day, the market controls the price and buying interest.
Market conditions, the age and condition of your property, and your expectations of sale price will determine whether renovations will substantially increase your property's value, and in turn, your property's selling price.
Remedial work is always the best to carry out prior to sale to ensure your home is safe, built and maintained to code, and in good working order. All works are best carried out with council or building approvals in place. Keep in mind that renovating the property prior to sale can be both costly and time consuming without guarantee that you will recoup the expenses. The decision to renovate will greatly be influenced by the timeline at which you need to sell.
When considering cosmetic home improvements, the lifestyle and functionality of your home, including communal areas take the spotlight. These parts of the home include the kitchen, living area and functional rooms such as the bathroom. Refreshing these rooms in your house can offer excellent return on investment if you’re thinking of ways to maximise the aesthetics of your home before selling.
A covered outdoor area is a strong feature, particularly in Queensland. In all respects of renovations, stick to your budget and keep to a neutral palette of colours and tones. Extravagant features may have the effect of gearing your property towards a niche market. Neutrals allows Buyers to visualise their home fitting into your property.
Market conditions can change from month to month. Seasonally, spring and autumn are the most popular times to sell. Bear in mind though, more available Buyers can encourage more property stock to the market, thereby increasing your competition.
Individual factors can play a significant role in determining when people choose to buy and sell. The aim of using a real estate Agent is to create a sense of competition for your property, therefore it is possible to sell a property at any time of the year.
Auction is simply a method of sale and in many cases will only differ from private treaty by the cost of the Auctioneer. In some suburbs, sale by auction is more prevalent, while in other suburbs it can be perceived as a means for fire-sale properties.
Auction can be of benefit if you are having to sell to a deadline, and this sale method can draw your campaign to conclusion on a definitive date with a cash, unconditional contract.
The real estate market does not depend on what price the Agent places on your home. The market dictates the price range, and your care and maintenance of your property then places it at the top or the lower end of the range. If you are receiving conflicting values, you are quite within your right to engage an independent property Valuer to provide a detailed analysis and report
It stands to reason that the Agent closest to that value will be the trustworthy agent. This shows that they have given you an honest appraisal, but it indicates their knowledge and understanding of the true value of homes and where they stand in the current market. Choose an Agent you would like to work closely with over the selling months.
A well maintained home will always present better, attracts more Buyer interest, and is very likely to sell for a higher price. Some Buyers might resist purchasing a property that needs immediate work, so it's best to ensure the core aspects of the property - the roof, gutters, door and window frames, electrical wiring and water heaters - are in good condition and working order.
Ensure the smoke alarms are compliant.
While nice furniture and décor can offer a homely and welcoming feel, an empty house can show to just as much advantage. It is all about presentation and the actual condition of your home.
When a house is empty, flaws cannot be hidden and buyers feel assured knowing they are not being deceived in any way through strategic placement of items. Additionally, rooms appear more spacious and the house presents as a blank canvas allowing Buyers to visualise living in the home.
Home styling can dramatically uplift a property's presentation and ambience through the use of selected furnishings to suit the style of your home. In addition, styling can increase the feeling of flow in your house, offer creative use of rooms and enhance the functional space of your home from an interior designer's perspective. Our professional Stylists can style and furnish any type of home. Your Agent will be more than happy to recommend the most suitable home styling company for your property.
Repainting your home and re-oiling wooden decks are a cost-effective way of enhancing the aesthetics of your house before selling. Painting the interior is a high impact improvement that will freshen up the internal ambience of your home, while exterior painting presents as a well maintained property. Keeping with neutral tones provides a blank canvas for prospective Buyers to envision your house as their new home.
New door handles, tap fittings and lights can make an incredible difference to the aesthetics of a room. Replacing these is an economical way to refresh and modernise your home.
The first impression of your home from the street can set the tone for overall inspection. Painting the front of your home and landscaping can make a great first impression by indicating that the home has been well maintained. Even seemingly mundane features, such as installing a new mailbox, can affect a Buyer's first impression of your property.
