WHAT TO KNOW BEFORE CHOOSING A LIFESTYLE PROPERTY AGENCY
There are right ways and wrong ways to choose a lifestyle property agency when selling a lifestyle block - and the difference can result in tens of thousands of dollars, sometimes more.
If you are a lifestyle block owner who has decided to sell, don't take the risk of picking the first property agency that comes along or puts a flyer in your letterbox.
Whether you are selling an average value lifestyle block or a luxury lifestyle block, you should expect the best practice real estate service available, so don't compromise - ever.
We explain here why this is a specialist field of real estate agency work and what you can do to sell well.
If you are under pressure to sell urgently, use a real estate agent broker to vet agents for you or call 0800 789 532 anytime to get started now.
THE 'RIGHT' PROPERTY AGENT BETTER THAN THE FASTEST
You will already know that every lifestyle block has its own unique selling points, quirks, legal descriptions and challenges and every vendor has different skills, experience and knowledge about selling a lifestyle property.
Some have minimal or no experience at all.
A lifestyle block on the market a second time around is one of the hardest of all properties to sell and getting it wrong can be very costly in the end, so do it right the first time.
For these reasons, we can't stress strongly enough that you will require the skills of a property agent who has been vetted and proven competent in selling lifestyle properties.
There is no one-size-fits-all which is why we have been specialising in vetting lifestyle property agencies for vendors selling small or luxury lifestyle properties since 2009, all at no cost.
Ms Weston's commendation:
'Thanks so much for all this information and the leg work you have done, wonderful! We are thrilled we have found your real estate company and the service you offer, it's been a weight off my shoulders.
Many thanks. R. Weston
PROPERTY AGENCY KNOWLEDGE OF LIFESTYLE BLOCKS ESSENTIAL
Selling real estate can often be complex, often when unexpected and sometimes just at the very end when you think you have a done deal.
A property agency must have systems and policies in place to conduct the sale of your lifestyle property without errors, starting from the accuracy of an appraisal and interpreting legal docuements, to supporting you with meeting the conditions in the sale and purchase agreement.
A solid grasp of all the legalities involved is essential and limited knowledge of legal documentation can be dire for both you and your buyer. Examples include LIMS, PIMS, Easements, Survey Plans, Titles or Taxation Payable.
REVEALING DATA ABOUT LIFESTYLE PROPERTY SALES
Data collated by us since 2009 has identified a number of 'risk indicators' that help to predict which properties will most likely be difficult to sell, and which ones should sell for an optimum price, within a short time frame.
If a lifestyle property meets more than one of the 'risk indicators', this can make the viability of a sale, even when remarketed with a competent property agency second time around, a waste of investment in time and money.
If you are intending to list your lifestyle property, doing your due diligence now will help prevent you from having to relist a second time around, which can end up being disheartening and very expensive.
SELLING YOUR PROPERTY THE RIGHT WAY FIRST TIME
Reasons why lifestye properties become difficult to sell include inaccurate property appraisals or vendor price expectations, poor presentation or poor marketing.
There could be code of compliance issues or boundary issues with neighbours. The reasons are many and often technical.
As you get organised to interview property agencies, be aware there is information specific to lifestyle blocks that you should check before signing an agency agreement and we are happy to help support you through this process.
ACCESS TO REAL ESTATE RESOURCES THAT PROTECT YOU
Things can go wrong but things do go right, especially when a vetted property agent has been engaged for a specific property sale they were short listed for.
We not only vet property agents, but we equip you with information that empowers you to make smarter decisions about selling your lifestyle property for the highest sale price.
With that comes resources that also protect you from things going wrong.
Our advice is to:
Take steps to protect yourself from being liable for two commissions to two different agencies
Understand the type of agency agreement contract you are signing up for.
- Be aware of the different commission rates for rural, lifestyle and residential agency agreement contracts.
Don't underestimate the value of this information - it can make a significant difference to both your experience and your equity and we can help you with this.