– It pays to do your own research as to the approximate value of your home compared to others in the local area so you have a general idea.
– Consider having at least two separate real estate agents provide an appraisal of your home and the likely selling price in the current market.
– Competent real estate agents will provide details of recent sales of similar properties for comparison.
– Before selecting and signing with your preferred agent, consider negotiating the rate of commission and the cost of marketing and advertising.
– The legal document under the Property Occupations Act 2014, a Form 6 – Property Appointment and Re-Appointment of a Property Agent, and additional supporting documentation should be carefully reviewed in readiness for your to sign. Note that all owners must sign the Form 6 document. Proof of identify (photo id) will be required i.e. Driver’s License and / or Passport.
– Any special instructions for the agent should be in writing and if applicable, state any items that will not be included in the sale of your home.
– Decide how the property will be marketed i.e. Private Treaty, Auction or Sale by Negotiation
– Decide with your agent on the price the property is to be offered for sale.
– Discuss with your agent about the offers you would be willing to consider.
– Discuss and settle the terms of a proposed contract, including details of your conveyancer / solicitor, timeframe for settlement 30, 45, 60, 90 days any other special considerations, with your agent.
– Negotiations may go back and forth, on price and terms, it is all part of the process, and your Agent’s negotiation skills.
– Arrange with a Solicitor or Conveyancer to do the conveyancing.