Selling a House Privately in WA in Five Simple Steps!
Aussie real estate agents have garnered a bad reputation in the past few years. While some go above and beyond for their clients, others may not even have the skills to draft a contract. You don’t want to face any risk when selling your biggest asset by working with an unreliable professional.
Consider handling the sale of your home yourself without help from real estate agents. Since it can be incredibly challenging, PropertyNow is here to guide you on how you can sell your house in Western Australia.
1: Preparing the Contract
A sale contract is a legally binding agreement that the buyer and seller must sign before purchasing a property. It should contain all of the information regarding the sale of your home in Western Australia, as you don’t want to end up facing legal troubles down the road.
Reach out to an experienced solicitor or licensed settlement agent. They can prepare a contract draft and other essential documents to ensure compliance.
2: Decide on the Property’s Value
To get a realistic idea of how much your property is worth, do a quick online research on the prices of homes in your area. Make sure to compare similar properties by considering the space, number of bedrooms, and age and quality of the building.
If you’re not sure about the price of your home, you can consider contacting local agents. Reach out to at least three professionals, as each will have their way of evaluating a property’s value. It should give you a ballpark figure of what to expect.
You can also request a free property valuation report from PropertyNow.
3: Prepare the Listing
Now that you’re ready to sell your home, you need to attract more attention to your house. Start by placing a “For Sale” sign in your front yard and listing your property on the many platforms that cater to the Australian housing market.
You can also arrange an open home and advertise it in the local newspapers. It’ll help create a buzz around your property and increase your chances of selling the house without needing an agent.
4: Negotiate with a Buyer
When showing your property to different buyers, some may make an offer during the inspection or after a few days of the viewing. Always scrutinise any interest you get with a keen eye.
During negotiations, keep your emotions at bay. Also, pay close attention to the conditions of the offer. Some interested buyers may offer cash payments, while others could schedule the payouts according to several milestones. Determine what works for you before agreeing on any terms.
5: Sign the Contract
When a buyer sends an official offer, you may have a few days to respond. If you’re interested, you could sign the document and notify the party to move on to the next stage of the sale, which is drafting a legal contract.
An experienced real estate attorney can help finalise the entire process of transferring ownership from the seller to the buyer. They’ll navigate the pitfalls of selling a house privately in Western Australia by adhering to strict deadlines and legislative requirements.
List Your Home on PropertyNow and Avoid Paying Hefty Commission Fees to Agents!
PropertyNow is a fantastic platform where you can list your home and sell it fast without paying thousands of dollars in commission fees. It also provides real estate support and resources to simplify the selling process.
Call us to sell your house privately in Western Australia today!
FAQs
How do I determine the price of my property?
To set a competitive price, you can conduct market research by comparing similar properties in your area, obtaining a property valuation from a professional, or seeking advice from estate agents for a rough estimate.
What Are the Risks of Selling Your Home Privately in Australia?
There are several risks of selling your home privately in Australia, including the following:
- Failure to adhere to the laws can lead to legal troubles.
- You may be emotionally vested in your house, adversely impacting your sale’s mission.
- Your lack of research on property values can lead to lower offers and coercion tactics from interested buyers.
Is There a Cooling-Off Period for Buying Houses in Western Australia?
A cooling-off period protects the buyers by allowing them to reconsider their purchase before making the payment. It also lets them conduct further inspections.
In Western Australia, there is no mandatory cooling-off period unless the buyer and seller agree to it when drafting the sale contract.
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