There is more involved in selling than you may realise. That is why it is important to get help from professionals, such as a real estate agent and a conveyancer.
Finding a good real estate agent is essential if you want to get the best price for your property (and don’t we all want that?!). Do your research, ask other people for recommendations and look at the sales history of the agent you are thinking of engaging.
It is also worth researching what similar properties in your area sold for and ask your agent what you can do to enhance the value of your property. Most of all, make sure you feel comfortable working with your agent and that they understand your situation. Set clear expectations with them upfront.
It is also important to get legal advice when buying and selling a property. Conveyancing is the term applied to the legal work involved in the sale and settlement of your property. This can be undertaken by a solicitor or a licensed conveyancer.
Finding a good real estate agent
To help ensure you have a good real estate agent, you should ask some of the following questions:
- Do you feel a rapport with the agent?
- Can they meet your particular requirements
- Are they a member of a local, state or national real estate institute
- Do they have positive references from previous clients
- Do they understand your local area and possess a strong sales record?
- Are they able to give you a realistic appraisal about the market you are selling in?
- What fees and commission rate will they charge? Are these negotiable?
- What is their proposed selling strategy and advertising plan for your home?
- How much will promoting your property cost, and what is included?
It is worth meeting with several agents before you sign an agreement. That way you can be sure you have the right agent to suit you.
Finding a good conveyancer
Your licensed conveyancer or legal representative will undertake the conveyancing process, which can include:
- conducting property and title searches to check legal ownership
- examining the contract for sale and advising on the conditions
- managing the exchange of contract for sale and attending settlement
- calculating utility and tax obligations at settlement
- overseeing the transfer of title on the property.
Other than checking your prospective legal representative’s qualifications and credentials, you should consider their fee structure and just how hands-on they will be in the process. It is also worth asking if they have access to solicitors, or just conveyancers as sometimes a situation can arise where you need more involved legal advice.
Many conveyancing firms charge a fixed fee so make sure you know what services are actually included in the quoted price. That way you can make sure you are comparing ‘apples with apples’ and don’t end up with a surprise bill at the end.
If you are selling or buying a property and are looking for conveyancing advice, we’d be happy to talk you through our schedule of fees and inclusions.
Call go go Conveyancing today on 02 8239 8999.