Selling a property can be a complicated and time-consuming process, especially for those who have never done it before.

But that should not be the case and it doesn’t have to be that way.

There are various ways to sell your property and there are effective and efficient ways of doing it.

For many people, selling a property is a big decision and they may not know where to start.

For instance, if you choose to go the traditional route and list your property with a real estate agent, it can be a slow process and many fear that it may not yield the best results for the seller.

But is it?

According to recent industry statistics, it takes an average of 68 days to sell a home with a real estate agent.

However, it can even take longer for an inexperienced or DIY property seller to get it off the market.

This can be an incredibly long time to wait, especially if you need the funds from the sale of your property sooner rather than later.

Fortunately, there are alternative methods to selling your property that can be faster and more efficient.

Here are a few of the most effective ways to sell your property if you want to do it yourself:

Online marketplaces

There are a lot of online marketplaces like Northlink Real Estate and others have made it easier than ever to sell your property directly to buyers.

These websites allow you to list your property and reach a large audience of potential buyers.

Cash home buyers

Another option is to sell your property to a cash home buyer.

Companies like We Buy Houses and DirectHouseBuyer specialise in buying properties for cash, allowing you to sell your property quickly and efficiently.

According to a study by a direct home-buying agency, they were able to close on a property in an average of 15 days.

Auction

Auctions can also be a fast and effective way to sell your property. According to a study, the average time from listing to sale for an auction is 30 days.

In Australia, there are many real estate auctioneers that conduct property auctions. These companies have a network of agents and branches across Australia, and they offer a range of real estate services, including property auctions.

But again, each situation is unique and one of the most important points to consider when it comes to real estate property is that the less you know about selling property, the more you are at risk to commit mistakes along the way.

Getting started to sell

Whether you are planning to sell through a real estate agent or DIY, it is important to take note of the following to help guide you through the steps;

Prepare the property

Getting the property ready for sale by de-cluttering, tidying up the garden, and making it ready for open homes is the first thing you need to consider doing.

Are there any areas that need your attention? Are their repairs needed? If you are a buyer, would you be attracted to the property for sale?

These are major considerations that you need to take into mind should you decide to put up your property for sale.

Marketing the property and setting an asking price

You can get this done with the help of a real estate agent, or the property can be marketed on the owner’s own initiative, whichever method you choose.

Of course, for the inexperienced, this may take time to get the property appraised, inspected and documents processed to ensure that everything is in order.

With a real estate agent, you may be able to shorten the process because they are the ones who know the ins and outs of the selling process and take that burden off your shoulders.

Receiving offers from interested parties and negotiating with them

Expect negotiations to take place, whether it’s at the owner’s leisure, a mutually agreed schedule, etc.

This is the time when you make or break a sale, which can be a bit challenging and risky for inexperienced home sellers because they might be intimidated or coaxed into a sale at a price lower than they initially expected.

This usually happens when experienced buyers manipulate the negotiations and take advantage of a seller’s inexperience in getting them to agree to a sale.

On the other hand, this can be avoided with a real estate agent. Agents are trained and equipped to handle such situations and know when to agree or decline an offer without being intimidated or overwhelmed by an aggressive or convincing buyer.

Signing and exchanging the Contract of Sale

Once an agreement is reached, the buyer and seller signs and exchange copies of the Contract of Sale, one for each party.

Conclusion

Selling a property doesn’t have to be a complicated and time-consuming process. By utilizing online marketplaces, cash home buyers, or auctions, you can sell your property quickly and efficiently.

As a final note, it’s important to do your research and choose the method that works best for your specific situation.