What You Need To Know About Selling Your Home In Perth

Perth real estate and homeowners who neglect their homes and then need to sell at short notice often encounter problems because the property simply isn’t ready for sale.

It’s important to keep your home and garden in top condition. Keep up with regular maintenance on your property. Do annual inspections on the roof and gutters to ensure problems can be fixed in reasonable time. Especially now that it’s getting harder to find and schedule quality tradespeople in Western Australia’s tight labour market.

Inspect the hot water system and air-conditioners regularly. Attend to any faults or repairs quickly. Unresolved issues might be uncovered during an inspection. Avoid scheduling costly last minute emergency work on your property by maintaining your home and keeping it in good working order.

Don’t forget an annual termite inspection too. Many sales are interrupted by the discovery of white ants. This can delay a settlement and result in extra costs to the seller.

You should also be thinking about how exactly you will sell your home? Use the services of a competent, licensed real estate agent with a good knowledge of your local area. Local agents know the Perth real estate market and meet with prospective homebuyers often. Speak to agents about the best strategy to sell your home and set a realistic timeframe for this.

Fixing a realistic selling price is critical. It is important to listen to your agent about setting the right price, and also if he or she suggests you modify the asking price if interest levels are low.

Historically, real estate in Perth has generally experienced a five-year property cycle. Like all real estate cycles this includes periods of low activity, recovery, booms and downturns. This cycle will influence the selling price and REIWA agents are well placed to explain where in the cycle your sale is likely to be, and how to best respond to that.

Make time early in the process to arrange your finance or rearrange your home loan. Making an appointment with your mortgage broker or bank manager is vital. You might want to refinance your existing home loan to include extra funds needed to buy your next home or investment. It also pays to have pre-approved finance up your sleeve to free up valuable time for when you do eventually sell. Doing this can save you time and money.

The key to selling your home in Perth is: 1. Be prepared for a sale by ensuring the whole property, including the garden is looking good 2. Following the property market and talking to licensed agents 3. Have the right selling price in mind 4. Meet with your bank or mortgage broker to plan your finances.