It’s an interesting time for the Auckland property market. Since the close of 2018, the prices for houses for sale in Auckland have been declining, especially when it comes to expensive homes (those worth $1million and above). In fact, recent stats show that real estate sales volumes in the market are the worst in a 17-year period. Here we explain how you can Sell House In Auckland in today’s slower property market.
No matter how you look at it, houses for sale in Auckland are in limbo because the market is slower. However, does that mean that you have to wait until the market recovers so you can sell your property?
The truth of the matter is: you don’t have to wait. With a few tricks and creativity, you can sell your home even if the market isn’t too favourable. That’s why we have put together this article – to provide you with handy tips on how to sell your property fast and for good money in today’s slow Auckland market.
In a slow market like Auckland’s current situation, the most important factor is the price. That’s right; the best way to outdo your competition is to price your house right. That doesn’t mean that you have to underprice it too much to attract customers. That won’t always work because potential buyers might perceive your deeply underpriced home as low quality or that it has inherent problems.
Of course, you have to price your home a little lower than similar houses for sale in Auckland. To get a ballpark market value of your house and similar ones in the market, you have to do a thorough comps analysis. What that means is that you have to check how houses in your neighbourhood and community are priced. More importantly, which homes are most buyers interested in? These are the ones that you will be battling together for the attention of the buyers.
When all’s said and done, price your home/property based on the similar homes in your area were sold for (not the listing prices). Once you have a good idea of the actual market price, it’s crucial that you undercut it by on a few ‘100s of dollars. The good news is that houses for sale in Auckland that are priced right are selling relatively faster than overpriced properties. Certainly you can Sell House In Auckland much faster if the house is priced right.
This is not an ideal market to have a hard stance on the price or who your perfect buyer is. The chances are that you want to sell your property at a price that’s higher than what you bought it for several years ago. That’s all good and dandy, but you must be realistic. Oftentimes that means that you should be open to negotiations. Not just that, but you also need to inform potential buyers that you are indeed willing to negotiate.
In a slow market, curb appeal is more important than ever before. After all, curb appeal is the second most selling factor for a home, right after the location. Sometimes the first impression is all you’ve got to win the heart of a buyer.
With that being said, you need to make your house look remarkable from the outside to inside. Give the doors a fresh coat of paint, make sure that the home is power-washed, paint the trims, plant attractive flowers/plant in the front yard, install… the whole shebang. When the curb appeal is right, and the price is right, the offers from buyers will definitely start rolling in.
Take a top-down look at your property. What are its main weaknesses and negative points?
Are the windows too old, broken or cracked? What about the showers, taps, baths, wallboards, roofing and other key areas that buyers might not like?
Unless your home is a fixer-upper, you should be able to do a few repairs without going deep into your pocket. In fact, given that prices of houses for sale in Auckland are falling, it is advisable that you stay away from major renovations and repairs.
Besides the price, you also need to get the time of selling right. For example, if you look at a couple of houses for sale in Auckland that just got sold and notice a price increase, it is a clear indicator that you need to push your sale fast and hard. In fact, the only way to improve your chances of this “luck” is looking at loads and loads of recent sales, following up and building relationships with buyers. This is a numbers game.
You might have heard that home staging is costly, but it is necessary when you need to make your house stand out from the crowd. It is a great way to capture the attention of the home and stimulate desire in the customer to want to live in the home. You can do the staging on your own – if you have the resources and time. However, you might want to bring in a profession home-stager, someone who knows how to create houses that will sell in such a slow market.
Why go through all the trouble when you can sell Sell House In Auckland to a private buyer like WeBuyProperty.co.nz? This is a private investment company that will buy your property for cash. You will get the top price without having to go through the hassle of a real estate agents.