06 Mar Expert tips for selling your house quickly
Are you looking to sell your property in the near future? Maybe a job opportunity requires you to move, or you’ve spotted your ideal next home and want to act before it’s gone.
No matter your motivation, these professional recommendations can help you move your property quickly, regardless of market conditions.
What are you wanting to achieve
When time is of the essence, what’s your target sale price? Would you accept a lower offer to speed up the process?
Clarifying your priorities before listing your property is essential. Remember that even quick sales require a lot of effort, so prepare yourself for several intensive weeks.
How much is your property worth?
Pricing your home involves many emotional and practical considerations. While market value ultimately depends on buyer willingness, several tools can provide estimates.
Free valuation tools exist on platforms such as TradeMe.co.nz, Homes.co.nz, and OneRoof.co.nz. These typically rely on comparable sales data and algorithms, though results should be viewed cautiously.
For more comprehensive evaluations, consider hiring a registered valuer or requesting an assessment from your real estate agent. Stay informed about local property market trends as well.
Get together your support team
Trade Me data shows that 6-8% of sellers opt for private sales. While this approach saves on commission fees, it may drag out your timeline. Working with a real estate agent could help with your sale. Agents bring market expertise and handle much of the workload.
Beyond real estate agents, other professionals can assist throughout the process, solicitors, valuers, accountants, insurance consultants, and mortgage advisers. We at Mortgage Link Hawke’s Bay can help you put a team of trusted professionals together.
Choose a method for your sale
According to settled.govt.nz, time-sensitive selling methods like auctions, tenders, or deadline sales may work better than advertised pricing or open negotiation when speed matters. An agent can recommend the most suitable approach for your circumstances and local conditions.
Have your paperwork ready
Property transactions involve substantial legal documentation. To streamline the process, gather title deeds, LIM reports, and relevant property records for prospective buyers.
Plan for the costs that might be involved
Beyond agent commission, expect costs including:
- Renovation and maintenance expenses
- Marketing fees
- Property inspection reports
- Legal and conveyancing charges
- Relocation expenses
Consult a tax adviser about potential tax obligations. The IRD website offers initial guidance.
Think about your financial goals
This is where a Mortgage Adviser can help you understand the key financial considerations of selling your house and buying a new one. Depending on your situation, you may be considering the following options:
- Transferring your mortgage, keeping the same rate and term without paying extra costs;
- Increasing your mortgage amount, if you’re upsizing or moving to a more expensive area;
- Take out a bridging loan, a short-term interest-only loan to bridge the gap between buying and selling when you’re buying a new house before selling your current home, but it’s not without risks – get in touch to learn more;
- Repay the mortgage in full, if you’re not planning to buy another property right now, you can repay your existing mortgage with the money from the sale.
Get your home ready to sell
Finally, get your home ready for viewings. Time limitations may prevent major upgrades, but definitely fix any necessary repairs. Unresolved maintenance issues can deter buyers and delay sales. When possible, simple improvements like fresh paint could really enhance your property.
Ready to make the move, give Mortgage Link Hawke’s Bay a call
Each situation is different. For expert mortgage advice, please reach out. We can talk through your options when selling your home and find a solution that works for you.
Information sources: Trade Me Property, Settled.govt.nz