The property market can be a tricky thing. In recent years, house prices across the country have been rising at an exceptional rate – a trend that continues today in many metropolitan areas across the Australia. This has made affording a home difficult for many people, leaving them with renting as one of their only options. Fortunately, housing policies are changing in response to this difficult economic climate, making it easier for people to make necessary payments and purchase a home they can call their own. By increasing access to housing loans and helping make mortgage repayments more affordable, the housing market has started to become more favourable for buyers, offering a wide range of attractive options to choose from.
1. The average price range of homes being sold
The housing market continues to be a hot topic in today’s real estate market. With limited inventories and challenging economic times, many potential buyers are looking for different options when it comes to the average price range of their prospective home. Consumers have many choices depending on the overall condition of the property, amenities offered, and of course, the location. There is no definitive answer as to where that range should fall as prices differ from region to region and even from street to street. That being said, there can be some guidance provided if you research the local area and watch trends develop over time.
2. How to prepare your home for sale
Preparing your home for sale can be an overwhelming task, but with the right organization and a few simple steps, it can be done quickly and easily. Decluttering should be the first priority you undertake. This involves eliminating any unnecessary items that could detract from potential buyers viewing the home objectively. Fresh paint is always appealing to buyers, so consider brightening up walls to create a positive ambience or to mask minor blemishes on the walls. Arranging furniture in neat groupings will draw attention to special features such as fireplaces or other focal points. Thorough cleaning is important inside and outside of the home and you should consider sprucing up landscaping for maximum curb appeal. Finally, holding an open house will give potential buyers the opportunity to view the home without feeling uncomfortable or rushed. With these tips in mind, you’ll be prepared for listing your house on the market!
3. How to stage your home to attract buyers
Staging your home to attract buyers is a great way to boost your chances of getting a sale. It involves making sure your house looks inviting and clean, so that potential buyers can picture living in the space. This means getting rid of any clutter, arranging furniture in an attractive manner, and making sure all rooms are well lit and inviting. Adding small items to the home can also give it an added touch of charm: adding low-priced artifacts that within keeping of the surrounding suburb, or a spot of greenery can often make all the difference in sparking buyer interest. Put yourself in the shoes of a potential buyer and you’ll be able to work out what you can do to stage your house perfectly!
4. When is the best time to list your home up for sale
For those considering selling their home, timing can be a crucial factor in the success of the sale. Typically, listing your home in late spring to early summer can be beneficial as the weather is more predictable and therefore more people are likely to be out making the most of their house hunting opportunities. Another advantage to waiting until late spring and early summer is that your home will have the benefit of being shown in bloom and at its most aesthetic. Additionally, research suggests that listings in September-November tend to get more offers than other months. Finally, when possible, to take advantage of the current market trends which can help maximize your chances at a fast and successful sale.
Now that you know all of the ins and outs of preparing your home for sale, as well as what features buyers are looking for and the average prices homes are selling for in your area, you’re ready to take the plunge. But before you put up that “For Sale” sign, be sure to consult with a real estate agent to get an accurate estimate of your home’s value and find out when the best time is to list it. With these guidelines in mind, selling your home will be a breeze! Send us a message now and discover how we can help you with your property investment. Call (02) 9635 1991 or send us an email at team@jrprosperity.com.au.
