Moving house stress-free
Whether you’re a box and bubble-wrap newbie, or moving-truck veteran, moving house can be a big upheaval. Here’s how to be prepared and keep your cool.
Getting started
Firstly, deciding to sell your home is a big decision.
Before you take the plunge, have a think about what’s happening in the real estate market currently, and what your next steps will be after selling.
Are you going to be better off buying your next home before or after you sell?
1. Choose agents wisely
The right agent can make or break your sale, so don’t be afraid to shop around your local area. Look for good local knowledge and a proven track record of sales success. They’ll be in charge of advertising, showcasing and completing the legal requirements of selling your home, so don’t rush this decision!
2. The how and how much
You’ll then work with your agent on the right selling strategy for your property. Should you go to auction? Should you opt for a Property Preview? What should your asking price range be? A good agent will take into account your property’s age, location, size and features, as well as market trends, to help you decide.
Legal and contracts
Once you and your agent have determined the right strategy, you’ll then sign an agreement so they can commence work. This is a legally binding document, which outlays the agreed upon course of action, covering off what’s expected of them in the selling process.
Once the agreement is signed, you then need to prepare your Vendor’s Statement (or Section 32) for your property, and your contract of sale – this is done through your conveyancer or solicitor. This Statement will include all the relevant details prospective buyers will be looking for.
Going to market
This is where the fun part begins – your agent will have already explained your options for marketing and advertising your property. You’ll need to work with them now to arrange photography, floor plans and ad copy for all advertising material. When it comes to photos, make sure you do all you can to showcase your home in its best possible light and ask to see the final copies before they go public.
Once the advertising begins, your agent will help arrange viewing times, whether open or private, so that buyers can see what they could be getting in the flesh. Again, make sure you’ve got your place looking its best before any such appointment, to help ensure your best chances of a sale. As a simple rule, before any inspection, make sure you take care of these three simple things to make your home feel as welcoming and inviting as possible.
1. Stay clutter-free
You want buyers to be able to envision themselves living in your home. Remove any unnecessarily large furniture and mess.
2. Do the yardwork
We all know not to judge a book by it’s cover, but if your frontage is overgrown with weeds, it’s not a good look straight away.
3. Let there be light
Open all the windows and turn on some lights. Light creates a feeling of calm and space, making us feel at home.
Negotiation and sale
All things going to plan, you shouldn’t have to wait long before your agent is able to turn a couple of nibbles into a bite. Once a buyer is found, your agent will mediate between buyer and seller so you can reach a price that everyone is happy with. At this point, the buyer will put down their deposit.
Then, you’ll need to touch base with your lawyer and lender, and the buyer will do the same so that all parties meet their financial and legal obligations.
Settlement day
That magical day every seller dreams of! Depending on the length of settlement you agree upon with your buyer, it may come around sooner than you think, so be ready, and start packing sooner rather than later!
On settlement day, you’ll hand over keys to your agent, and you’ll relinquish legal rights to the property. Your buyer will arrange the balance of payment from their bank, and that’s it – you’re done!
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Great Rate Home Loan
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Line of Credit
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Ultimate Investment Home Loan
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Great Rate Investment Home Loan
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Interest rate
5.94
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p.a.
Comparison rate
5.95
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
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Interest Rate
6.13
%#
p.a.
Comparison rate
6.50
%^
p.a.
~Discount variable rate, owner occupied, principal and interest
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Interest rate
8.80
%
p.a.
Line of Credit home loan base rate
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Interest rate
6.19
%#
p.a.
Comparison rate
6.56
%^
p.a.
~Discount variable rate, principal and interest
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Interest rate
6.09
%#
p.a.
Comparison rate
6.10
%^
p.a.
~Discount variable rate, principal and interest
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++ $2,000 cashback for loans ≥$250,000 with LVR of less than or equal to 80%, or $3,000 cashback for loans ≥$500,000 with LVR of less than or equal to 80%,. Applications must be submitted by 31/05/2024 and funded by 31/08/2024. Only one (1) Cashback Payment per eligible loan, and for first eligible loan only. Not available in conjunction with any other promotional payment. Offer may be varied or withdrawn at any time. See the full Cashback Offer Terms and Conditions. Terms, conditions, fees, charges and credit criteria apply.
~At the end of the fixed rate period customers can chose to re-fix their loan for another fixed rate period or let the loan revert to the applicable variable interest rate based on the loan and repayment type.
^Comparison rate is based on $150,000 over 25 years. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
#Discounted rates include a discount on Home Loans of $150,000 or over and for owner occupied Home Loans with an LVR 80% or below and for investment Home Loan with an LVR 80% or below and apply to new borrowings only. Discounted rate not available for Line of Credit facilities.
+Additional costs may apply if your loan has a fixed rate.
All new interest-only home loans, attract a 0.10% p.a. margin above the applicable Principal and Interest base rate. All new Line of Credit home loans, attract a 0.10% p.a. margin above the applicable Line of Credit base rate. The all-up interest rate which includes any margins, will be set out in your credit contract. View our Terms and Conditions.
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