THE PROCESS OF SELLING A HOUSE IN STEPS
This guide steps you through the whole process of selling a property. It includes important advice about property appraisals, insights about real estate agents, marketing that helps attract best offers, signing sale and purchase agreements and when to get legal advice.
You can click on the flowchart below which centralises the most reputable Government and non-Government bodies' property resources in one place. It covers advice about property valuations, building inspections, real estate commission and much more.
The collation of this important multi-agency information will mean you are better prepared than most vendors, enabling you to achieve the best possible result.
If you are planning to sell a house or want advice first, call 0800 789 532, we're happy to help and it's a free service.
THE FIVE STEPS THAT MAKE SELLING EASIER
There are only five steps, each comprising a small number of actions required on your part and each of these are linked to the best resources available in New Zealand. They include:
- What preparation is required, how much commission will cost and how to reach a prime sale price
- How to compare and choose the best real estate agent for your property type
- Agreeing marketing, sale and purchase agreements and real estate agent negotiations
- Understand and signing all the legal documents required with legal advice
- The process of buying your next house includes buying different property types and relevant industry resources for each
We can equip you with everything you will need - just ask.
FLOWCHART THE BEST DUE DILIGENCE TOOL
This flowchart quickly steps you through the whole process of selling a house.
Click on the image to view (best on desktop)
MORE TIPS FOR PREPARING TO SELL
Repairs and Maintenance - Make a list of any unfinished work, or repairs and maintenance, and get these jobs done so they don't get found by a buyer's property inspection. Inspections are often a condition of sale.
Improve or Remove - Stand at the doorway of every room in your house with a buyer in mind. What would you improve or remove? Enhance the best features and upstyle every room, because it's very effective, and costs you nothing other than time. Send us some images if that helps.
INSIGHTS ABOUT REAL ESTATE AGENTS AND AGREEMENTS
Find an Agent - Finding the right real estate agent can be like finding a needle in a haystack. We can help you with this very important part of the process (at no cost).
We specialise in vetting and short listing competent agents who have proven to be right for your property type, value and location. You can review these, without pressure, before meeting them.
Interview Agents - Find out more about interviewing estate agents using our Agent Questionnaire. It will help you to compare apples with apples and make properly informed decisions.
Get an Appraisal - The real estate agents will provide you with a property appraisal in writing. This is a legal requirement.
Compare Appraisals - You can then compare the market appraisals that will include how they propose to achieve the best sale price for you, an explanation of the different methods of sale, what marketing they recommend for selling your house plus more. Take your time to consider these.
Sign an Agency Agreement - Once you have decided on a real estate agent, you can sign an Agency Agreement and the Commission Clause. The agreement is with the company, not the agent. Check the commission fees and the term of contract. Both are negotiable.
If you need help to find a real estate agent you can trust, request a shortlist of vetted agents here.
THE PROCESS OF MARKETING A PROPERTY
Marketing and Advertising - Your real estate agent will provide you with an itemised marketing and advertising plan and all the costs associated with this. Any subsequent amendments to this should be agreed and signed by you.
Photography - Once your property is ready to show buyers, the agent will organise a professional photographer for you. These images are what will attract potential buyers to come and view the property.
Website Content - Your real estate agent will enter details, features and benefits of your house into each website agreed in your marketing plan. They must enter a sale price range into these websites so be clear about what this is.
Open Homes or Private Viewings - Discuss your preference with your chosen agent. These can be at agreed intervals.
Agent Communication - A real estate agent should provide you with regular updates and/or reports regarding inquiries received.
SOLD AND MOVING ON
Getting a Sale - The agent will present buyers' offers to you on a Sale and Purchase Agreement. It is advisable to ask your lawyer to check it prior to signing.
Get Moving - Changing your address for all your utilities like phone, power, gas and any other Government services like Inland Revenue is now very streamlined and online. When you're ready, we can send you the link. It's very easy.
Buying Your Next Property - If you are buying another property, we can provide you with a guide and checklist. These are designed to protect you.
Get In Touch for advice or call 0800 789 532 anytime
Article Updated October 13, 2021 | About