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Selling

NP Evernest

Chadstone, Melbourne, Victoria

Time to sell? You may need to sell urgently or perhaps you are willing to wait for the right offer. NP Evernest can help you make sure you maximise your property sale. Here are some things to consider when selling your property in Victoria.

 

Costs

You may need to factor in:

 

  • Capital Gains Tax applies if you make a profit from your property sale. Read more at the Australian Tax Office website.
  • Real Estate Agent fees
  • Auction fee
  • Legal and conveyancer fees
  • Inspections for buildings and pests
  • Valuation fees
  • Outstanding taxes, rates and strata fees
  • Marketing costs may sometimes be applicable
  • Repairs and preparing the home for viewing
  • Moving costs

 

The law

A contract of sale will outline the terms and conditions for the buyer and seller. A 3 day cooling off period will apply to private sales of residential and small rural properties.

 

The settlement process usually takes between 30 to 90 days.

 

There are many great online resources to help you understand the legal considerations when selling your property.

 

 

 

 

Things to think about

  • The way you present your property can have a big impact on the final sale price. Investing in a few improvements and repairs may be necessary to maximise your sale price. Consider hiring a professional to prepare your property for sale. NP Evernest are experts in property presentation and can advise on modifications to suit your needs.

 

  • Affective marketing is critical to the success of your sale. NP Evernest include print and online marketing services to spread the message about your property listing.

 

  • If you are reliant on the funds from your sale prior to purchasing a new property, wait until the funds are cleared and the sale finalised before purchasing. No matter how secure the deal seams, things can change and sales are complex. Waiting to purchase your new property is the best bet.

 

  • To auction or not to auction? NP Evernest can advise on whether an auction will be the right direction for your property. There are complex factors to consider when making this decision. Make sure you do your research and talk to professionals.

 

  • When you set your reserve price, research the prices for similar properties in your neighbourhood. You can now find out the price history for individual properties online and also median prices for each neighbourhood. NP Evernest can also assist you to set your reserve price. Make sure you communicate your reserve price in writing with your agent.

Method of Sale

There are several methods of sale we can employ, and each has its own relative merits.

Auction
Public auction is often the most popular method especially in a competitive market. Auctions can bring in higher than expected outcomes in a shorter period of time.

Private Sale
Private sale is always a popular option and can be the preferred option when a particular property value is being sought.

Expressions of interest
Expressions of interest are effective for private bidders or when a you have a set timeline for sale

Sale by tender
Often used for larger properties and development opportunities.

Presenting your property

Showing off your property in the best possible light is key to maximising your results. You only get one chance to make a first impression. We know how to present properties the right way to create interest in a property and cultivate buyers. After inspecting your property, we will make suggestions on the best way to highlight the positive aspects and minimise the effects of any shortcomings. Often only minimal changes are required to make an effective reflection of the property’s potential.

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