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So you’ve decided to Sell your Home – What to do Next?

1. Determine Market Value
Do your research, know what similar homes in your area are selling for to save any disappointments or shocks about what price a buyer may pay for your home.
ARRANGE AN APPRAISAL with a professional Real Estate Agent, they have access to all the property data, not just rumors about what Jo at number 8 sold for.
2. Prepare your Home
Effect any repairs, tidy up gardens and gutters, wash windows, clean carpets, de-clutter and ensure the house is clean and smells nice.
3. Check Compliance with Legislation
There are several legislative requirements that your home needs to be compliant with when selling, such as…
Smoke Alarm Laws
Electrical Safety Switch requirements
Pool Fencing law
A Building and Pest inspection can prevent any nasty surprises from possibly cancelling an otherwise good contract of sale.

See more information below

4. Engage a Conveyancing Solicitor
You will need a Conveyancing Solicitor to deal with the legalities of the transaction when the time comes to settle the contract.
5. Engage a Professional Real Estate Agent
This is where you can express your expectations regarding the sales procedures, name suitable times for open homes, discuss your thoughts on marketing/advertising strategies, receive clarity on what to expect.

Its where we create, from your expectations, a marketing plan, presentation brochures, initial contact with buyers from our database, initiate your web presence through advertisements online and follow up with all potential buyers until we find the one.

6. Have your Photography done
Professional Photography will be arranged by your Agent.
7. Let your Agent do his thing and wait for a result.
Your Agent will put his marketing plan into action and direct Buyer enquiry to inspections of the home in the manner agreed with you previously.

He will ensure any concerns, questions or issues are dealt with and keep you informed of developments every step of the way.

When offers are received he will negotiate on your behalf to gain the best possible outcome and then he’ll deal with all the contractual documentation to move towards a successful sale.

Requirements of legislations when selling a home in Queensland

Smoke Alarm Laws

The new legislation specifies that all Queensland dwellings will be required to have interconnected photoelectric smoke alarms in all bedrooms, in hallways that connect bedrooms with the rest of the dwelling and on every level.
Check the Queensland Fire and Emergency website for more details.

Pool Fence Laws

As a property owner, you must:

  • ensure your pool fences comply with the law
  • maintain the pool fence
  • remove any objects (such as furniture) that would allow children access to the pool
  • repair any damage immediately.

A Pool Safety Certificate is required when selling your property.

Safety Switch Info

If a home has been sold after 1 September 2002, a licensed electrical contractor can only do installation work if a safety switch is being installed as part of that work or if it is an emergency.
All leased domestic residences must have safety switches on their power points.
When a house is sold without a safety switch, it must have one installed within three months.
Safety switches for lighting is not compulsory, but recommended.

Tax ruling for properties sold at $750,000 and above

From 1 July 2017, tax rules will apply on any property transaction where the market value of the property is $750,000 and above.
Although the laws are aimed at foreign residents, all Australians must be aware that these laws also impact Australian residents selling properties above this value.

Further information can be found on the Australian Taxation Office website, just search "foreign resident capital gains withholding"

Testimonial

"We highly recommend Frasers Realty Qld!"

Mark and his wife Vicki are a very skilled and friendly sales team.

In Full Consultation with us they created a multi-media marketing campaign that highlighted the unique features of our lovely house. After much buyer interest, Mark effectively negotiated a sales price much above our expectations. Working with Mark & Vicki has been a very pleasant and highly successful experience.

Mike & Jillian - Elanora, Qld.

Testimonial

We were totally shocked with the results gained when we listed our Nerang investment property to be sold with Frasers Realty Qld. Mark is a brilliant salesman, extremely confident at what he does and had our home under contract in 3 days with money in the bank by the 21st of the same month, You little ripper! - John & Robyn, Urliup NSW

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