So you’ve decided to sell your house – congratulations! Deciding to sell can be a great financial decision let alone a strong life decision. Selling gives you the freedom to upgrade or downgrade and move into an exciting new phase in your life.
There’s more than one way to sell a home and some methods will be more appropriate for you than others. Fortunately, making this decision doesn’t have to be stressful. We’ve compiled a list of four major ways to sell your home and some reasons why you might want to consider them.
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Sale by Private Treaty
Sale by private treaty is the method of sale when you put up that “for sale” sign and you invite offers from prospective purchasers. Sale by private treaty remains one of the most popular ways to put your home on the market.
Generally speaking, sale by private treaty gives the seller the time and flexibility to consider a wide range of offers. While your home is on the market you can vary its price and you are given time to examine each offer from potential purchasers. Your real estate team can be of great benefit to you here, providing advice and assisting you with amending details of your sale.
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Price Range Selling
Price range selling is more or less what it sounds like – a method of sale where a range is offered instead of a set price. This allows you to examine the market value of your property and set a range that is just below that price at the low end and above it at the high end.
Price range selling can create activity and interest in your property, with potential buyers interested in the attractive lower end price. The theory is that this activity will prompt purchasers to buy at the higher range to ward off potential competition.
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Sale by Auction
One of the most well-known ways to sell your property, an auction’s aim is to create a sense of urgency in buyers that drives up the price and creates success for sellers. After advertising the event, an auctioneer runs the day, pitting potential purchasers against each other.
Auctions are ideal for sellers who want quicker settlements but they are also protected by the reserve price – a minimum price that your property needs to reach before you will sell.
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The Expressions of Interest or “BestBID” System
This marketing system was designed and is used exclusively by the real estate experts at Jones Ballard Property Group. This hybrid approach combines the benefits of private treaty and auction-style sales to achieve the best result for the seller.
While the BestBID system gives potential buyers plenty of time to view the property – there are up to eight Home Opens during a 21 day period – it also encourages a sense of urgency in buyers by creating a time limit that encourages them to act quickly. If you want to learn more about the benefits of this system, explore the BestBID page on the Jones Ballard website.
So there you have it, four great ways to sell your home. If you’re looking to sell in Perth, our real estate team at Jones Ballard can guide you in your decision, and even take care of the marketing that promotes sales success. Call us now on 08 9474 1533 or complete our online enquiry form.
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