Selling a house can be a complicated process, but it doesn’t have to be expensive. In this post, we will discuss ways you can lower the cost of selling your house in Australia–whether that means going with a low-cost option or getting creative about marketing and advertising.
Here are 10 tips on how to lower the cost of selling your home in Australia:
1. Hire the Right Agent
How do you find the right real estate agent?
Compare online reviews of agents using sites like Google My Business, Facebook, and Zillow. Also ask family, friends, and neighbors for references. (Then check those referrals!) Then look at whether they are also an appraiser, home inspector, or both. Selecting an agent who can handle all of these tasks is a money-saving time-saver in the long run.
2. Sell it Yourself
If you want to save thousands by avoiding commission, selling your own property can definitely be done – especially if you live close to the area where buyers are looking for houses. Use platforms like Biownr to easily sell your own home and save thousands.
3. Get Creative with Marketing and Advertising
Post your property for free on sites like Craigslist, Zillow, or AgentPages. Try a direct mail campaign or focus on online advertising, such as Google Adwords and Facebook ads. Make sure to track your expenditures so you can adjust your plans as necessary.
4. Consider a Low-Cost Option
One option is to sell your house with an agent (and pay commission) but use one who charges low fees, like 1%.
5. Fix it up
Before you market your property, take the time to clean up and fix anything that needs fixing–from repairs to updating fixtures, paint colors, landscaping, etc. Be sure to update any photos you use in online marketing with the most recent ones!
6. Cut Back on Your Marketing Budget
If you’re using an agent, go over the plan with him or her. Discuss where you can cut back on your marketing budget–or what changes in your property could save money.
7. Be Flexible
Remember that any home sale is complicated and not completely within your control. That’s why it’s important to be flexible when planning your sale. Re-evaluate your budget and advertising plan at least every two weeks–and cut back on any unnecessary expenses.
8. Target Neighborhoods Where Buyers are Likely to be Interested in Buying Homes Like Yours
When marketing your property, take the time to research where buyers are showing interest. If you’re in a neighborhood that doesn’t have a lot of interest from potential homebuyers, consider spending more on advertising in neighborhoods that do.
9. Get Pre-Approved With A Lender and Set up an Online Listing With Photos and Details About Your House.
Pre-approval with a lender is a big step that will help you get an offer on your property quickly, which can save you money. Also prepare your house for sale by taking photos and writing up details about it online through popular listing sites like Zillow, ActiveRain, AgentPages, or Google My Business.
10. Don’t Overlook Small Savings
Whether you’re working with an agent or selling the property yourself, do not overlook small ways to save money–from sales and coupons to shops and services in your neighborhood. Do this even if it means changing some habits that have become routine for you.
To lower the cost of selling your house in Australia, we recommend that you prepare a marketing campaign and do some research on what types of houses sell best. You can also find out about how to avoid common pitfalls when it comes to pricing your home competitively for sale.