At Rosalie Douglas Real Estate, we understand that every landlord is different. Whether you have a large portfolio, or you are looking to rent out a single inherited or investment property, we can adapt our service to match your needs.
Selling a Property
Selling a property in NSW gives owners an advantage, with the largest population in Australia and a highly competitive property market. Understanding the sales process is essential because you’re relying on external factors to work in your favour.
So where do you start?
You’ve come to the right place! Choosing a good real estate agent is the key to selling property in NSW. Rosalie Douglas Real Estate has many years experience in property sales– starting with comparative market appraisals, the sales marketing process, sale through private treaty or auction, right through to final to settlement.
Private Treaty or Auction?
It is important to discuss with your agent the best method of sale for your property. We will recommend the best method based on the type of property you are selling, the location of the property, the market conditions, your time frame, and personal preferences – supported by recent sales data.
The different ways you can sell your property are:
Private treaty
A standard residential property transaction is known as a Private Treaty sale. This is when you, as the home owner, set the price you would like to sell the property for, and your real estate agent negotiates individually with prospective buyers to achieve a sale as close to this price as possible.
Auction
In NSW (and in particular Sydney), auctions are quite popular – especially when it comes to higher-end houses.
An auction is a public sale conducted by a licensed auctioneer and governed by strict regulations. The reserve price is essentially the minimum the home will sell for – if bids surpass the reserve, the highest bidder at the close of proceedings must sign the contract right there and then, and pay the agreed deposit and cannot back out of the sale.
Interested buyers can make offers in writing before the auction, which we will present to you. You can decide to accept the offer or reject it – and continue on to auction. Rosalie Douglas will advise you about the best path to take, based on your individual circumstances.
Setting the Reserve Price at Auction
Setting a realistic reserve price is important, so the Sales Team at Rosalie Douglas Real Estate will be able to provide details of sales prices for similar properties in your area. The Sales Agent will provide an estimated sales price through a comparative market report based on current sales in your area, as well as comparing property sales on the major websites. You may also consider an independent valuation to assist put a price on your property.
Marketing Your Property
Advertising your property is especially important in such a crowded market – it is essential that your property stands out in the crowd. Maximising your exposure to the market is key. Various methods of advertising include print, advertising in the media, social media as well as online advertising.
Online Advertising
There are many websites advertising property for sale, such as realestate.com.au and domain.com.au and of course the Rosalie Douglas Real Estate website. We recommend engaging a professional photographer as it makes a huge difference to the quality of your property advertisements, and being able to advertise a property with a floor plan is also attractive to prospective buyers.
Sales Contract
One of the first things you need when selling your property is a contract of sale – your property cannot be marketed until this document is established.
Settlement
The sale itself is actually very simple: all you do is sign the agreed upon contract with the associated settlement dates and conditions. It is recommended at this point that your conveyancer or solicitor manages all the legal elements.
Settlement is the legal completion of the sales process and is when the remaining payment from the buyer is paid to you. This normally takes place six weeks after the contracts are exchanged.
If you have any questions about selling your property, call Rosalie Douglas on 0417 770 760.