What to expect when selling your property | DOMAIN

Whether you’re downsizing or moving to a new area, most home owners will find themselves selling at one point in their lives. Anita Harrington from Bendigo’s Tony Harrington Estate Agents offers the following advice.

Deciding to sell – If you’re unsure on how to navigate the selling process, a trusted real estate salesperson is a must when putting your home on the market. They can help guide you throughout the entire process, as well as offering advice and knowledge on how to achieve the best result possible.

Once you select an agent that you feel comfortable with, you’ll sign a legally binding agreement that details the duration of the agreement, process, commission, marketing fees and any other associated costs. 

READY TO MOVE: Selling your home can be stressful, so it's important to understand the process to successfully selling your home.

READY TO MOVE: Selling your home can be stressful, so it's important to understand the process to successfully selling your home.

Entering the market – Prior to putting your property on the market, thoroughly clean your home inside and out, and make any minor repairs. Once your home is in selling condition, your agent will organise for photos and a written ad. 

Sale time – Once your home is on the market, your agent will conduct inspections and negotiate offers on your behalf. Once mutually acceptable terms and a price is agreed, you and the buyer will finalise a contract confirming the same.

Up to two weeks after signing of contract – After the contract is signed by both parties, the buyer will arrange a building and pest inspection a time that suits the buyer. If subject to finance, the buyer’s financial institution will also require for the property to be valued. Once this is complete, it can be a good idea to clear your property of any rubbish and organise a garage sale to sell any unwanted possessions.

When the contract is unconditional – Once the contract reaches the unconditional stage, it’s time to book your removalist. Generally allow between three and four hours for the removalists on moving day. Ensure the home is ready to go for the new owners, by leaving behind a clean home with mown yards. Arrange for your water supplier, electricity and gas providers to read your metre prior to settlement.

The week before settlement – In the week leading up to settlement, the buyers will arrange a time for a pre-settlement inspection with your agent. Arrange for any final rubbish to be removed and leave behind any manuals for security systems, pool appliances, solar power or other equipment. Clean the cupboards and oven thoroughly.

Settlement day – The final step of the selling process. Ensure you have vacated the property well before settlement. All keys, security codes and remotes should be given to your real estate agency prior to settlement.