Selling like buying can be a bit of a mine field when it comes to properties for sale in Sydney. Here are answers to some of the biggest questions bidRhino.com get asked every day.
If I’ve got properties for sale in Sydney, should I got to auction, or stick with a private sale?
Unfortunately the answer isn’t straight forward, it does depend on many important factors. Before making this decision, you need to take a look at the local market. What is the interest or potential interest in your property so far? Also, are you in a real rush to sell? Don’t feel embarrassed about asking friends or colleagues who have recently sold properties in your local neighbourhood, as they might have some firsthand advice on what they did.
When it comes to properties for sale in Sydney, what are the main differences between an auction and private sale?
Auctions don’t have a set sale price, instead buyers competitively bid for the property they want. Sellers generally also have the certainty of a set date in which the property will be sold. The final sale is nearly always completed once the hammer falls, however if the reserve price is not reached sellers can have further negotiation with the unsuccessful bidders. Going to auction also suits sellers who want an unconditional sale, or to set the specific terms of the sale.
On the othSelling like buying can be a bit of a mine field when it comes to properties for sale in Sydney. Here are answers to some of the biggest questions bidRhino.com get asked every day.
er hand, a private sale is often less intimidating for buyers, and gives both the sellers and buyers time to consider their potential offers. Private sales are also better suited to sellers who do not have an urgency to sell.
How do I decide on a price for my property?
It is a good idea to have a professional evaluation completed on what your property is worth. A lot of property sellers ask for much more than the property is actually worth, and so it can stay on the market for a long period of time. A property evaluation will look at your location, the size and style of your property, and age and state of your home. What a buyer is willing to pay also depends on the demand, location, property availability, and interest rates. By pricing your property competitively to those in your local area, you may find greater interest, which in turn could lead to multiple offers and possibly a higher profit from the sale.
How do I create interest in my property?
With so many properties for sale in Sydney, selling is a highly competitive market. If the time it will take to sell your property is important to you, discuss your options with your agent. You can create interest in your property by including additional advertising or marketing initiatives, asking for a lower sales price, being flexible about when potential buyers can inspect your property, or making a few changes to your home.
Hopefully we have covered some of your most pressing questions covering properties for sale in Sydney.
If you are ready to sell your property have a chat with bidRhino.com today. bidRhino.com can help you to sell your Sydney property online, as well as providing online auction, property advertising, and settlement services.
bidRhino.com.au is an easy to use and secure online property transaction service designed specifically to assist with Properties For Sale in Sydney.