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Things to know before selling your home in Carlton

By Louise Morrin

When selling a property, there are a number of factors big and small to consider. If you plan to sell property in Carlton, be aware of these to make sure you get the most out of a sale.

Is the market ripe for selling?

According to Domain’s House Price Report, Sydney experienced a 14.8 per cent rise in house prices in 2015, but saw a sharp drop of 3.1 per cent over the December quarter. This drop is the steepest ever reported in the city and the first time that house prices fell since June 2012. This decline coincided with a slip in Sydney property sales.

“The remarkable Sydney boom we’ve seen over the last three years is now clearly over, with the market unlikely to record any notable house prices growth until at least spring,” said Dr. Andrew Wilson, senior economist for Domain.

Selling in a less-than-ideal market

In a buyer’s market, high supply and low demand put sellers at a disadvantage. If you’re trying to sell a house in these conditions, there are a number of steps that you can take to make sure you get the right price for your property.

Presentation can give buyers a strong impression, so make sure your house is tidied up and well maintained. A front door with a loose hinge isn’t going to inspire buyer confidence.

If you are not an experienced house seller, working with a real estate agent is one of the most effective ways to make sure you avoid pitfalls that can be encountered when putting a home on the market. A local realtor will have a wealth of experience with homes in your neighbourhood, which can help you get the best price possible. Realtors are also familiar with relevant laws and regulations that come into play, saving you from worrying about legal stumbles.

If you want to sell property in Carlton, contact Ray White today to get some local power in your selling corner.

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