Selling your home in Auckland these days is a big competition as vendors take their homes to auctions and see people splash out over each other in order to bid their best to get a new home. The competition is even more interesting when developers are involved, and we have all seen some houses that have gone above and beyond their vendors expectations.
The fight for some Aucklanders to step foot into their first ever home is getting even tougher as prices rise. All time low interest rates and low deposits are not stopping the rise in prices. Now that we have the LVR value raised it has made somewhat difference but not so significant.
So, if you are looking to sell your home in the Auckland market see the tips below to help you get a better return on your investment.
Tip #1 – Renovate home before selling
This is topmost important tip to get the right price for your property and the renovation amount put in will return plus higher value for the house means it is a win-win situation. Your house may already be in good condition, but any little renovation done will raise the value of your property.
You may hire a professional to carry out the renovations for you or do it yourself. If you can do it yourself then that could be the best option as it will save you a lot of renovation and labour cost. The benefit of hiring a professional is that you won’t have to worry about a thing, and you could concentrate on your normal job or business.
This tip may not be valid for someone that has a developable land and in the urban zone. They may not renovate their home and sell because the developers are paying high prices for the land anyways, so the property might not matter.
Tip #2 – Choose the right real estate
There are a lot of real estate agents out their and they all may offer similar services as well but do your research on the agent before handing over your property. A top well-known agent in the area who may charge a tiny bit more than others can get your property on the market and sold at an exceptional price.
Marketing skills, Experience and customer base is very important when selecting the right real estate agent. Get an appraisal done from different agents within the area to help make the right decision.
Tip #3 – Put your home on auction
There are different periods in real estate when it comes to choosing whether to put your home on auction or have an expected price listed to sell for. Now most properties in Auckland are being sold at an auction due to the unexpected high prices vendors are getting for their homes and the competition between developers is high.
The other tip would be to get the auction done on site as this gives the bidders a feel for what they are paying for, and especially if the house is renovated to the highest specs there is even more reasons to have the auction on site.
The choice is all yours and hope that you make the right decisions and get the best price for your property. Don’t forget to do your research not just on selecting the right real estate agent but also the renovation. Go look at some renovated houses, or show homes, or even search online for renovation tips.
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