We need to talk about the elephant in the room. You may be wondering how to sell a house in Australia without losing money. Want your home to sell for more than what it is worth on paper, but don’t know where to start? Well, we can help with that! There are ways to ensure you get the highest sale price possible while avoiding any potential pitfalls of selling real estate.
If you are considering selling your home in Australia, it is important to understand the market. You need a good understanding of what buyers are looking for and how much they’re willing to pay.
Here are some tips on how you can sell a house in Australia without losing money.
1. Conduct an Open House
Make sure that any interested buyers know about the property’s availability by hosting an open house. This will create additional interest and may result in a higher sale price for your home.
2. Consider Improvements
As your house sits on the market, it may start to look like something of a fixer-upper — in other words, not worth as much money. If you’re creative and willing to invest in some improvements, consider sprucing up the kitchen or bathrooms with new flooring or countertops. These are often the rooms that make or break potential buyers, so invest in them. If you’re really handy with home improvement projects, consider adding a deck or patio to your backyard, upgrading your windows, and repainting inside.
3. Reduce Marketing Time
If you’re looking for fast cash, consider reducing marketing time to attract more offers from potential buyers who are looking for quick sales. For example, if your home is on the market for three months with an average of two open house viewings every month, you’ll have some buyers that are curious but not committed.
4. Consider A Short Sale
Selling a home through short-sale means accepting less than what is owed on the mortgage when it comes due so that there isn’t any foreclosure or bankruptcy proceedings. You may agree to a short sale if you’re having trouble making your mortgage payments and the value of your house doesn’t meet what you owe on it.
5. Be Prepared To Negotiate
No matter how hard you work to sell your house, sometimes things just don’t work out — especially in a buyer’s market. If the housing prices are down, you may have to lower your asking price in order to sell quickly.
6. Sell It Yourself
Sometimes, no matter what you do or how much time passes, you just can’t sell your house for more than what it is worth on paper — and that’s okay. You may consider selling your house on your own, this will ensure that you save thousands of dollars on real estate agent fees and this is by far the most guaranteed method of saving as much money as possible when selling your house. You can leverage platforms like Biownr to sell your house on your own – the platform makes it very easy for you to do it.
7. Get An Appraisal
Sometimes, you can get the most accurate information on your home’s value by hiring a real estate appraiser. This way, you can rest assured that your house is getting sold for what it is worth and nothing less than that.
Admittedly, selling a home may be difficult at times — but with these tips in mind, there’s no reason why you can’t sell your house for as much as possible. You may be able to sell your house without losing money by understanding how the market has shifted and what buyers are looking for.