Last week, the Reserve Bank announced a continuation of current interest rates, remaining steady at 2.5%. This makes it 13 consecutive months at this 60 year low.
These low interest rates have fuelled the strong winter selling season. Current conditions with strengthening auction clearance rates indicate a robust spring selling season ahead!
If you are thinking of taking advantage of the current market, you should start preparing now.
So what do you first?
Get a market appraisal. Before you go ahead and undertake property preparations and/or renovations get an experienced real estate agent’s advice. You don’t want to undertake costly renovations that gain you little or nothing on the sale price. It’s a waste of your time and money.
A market appraisal will also show you comparable properties and what they have recently sold for. You may also want to ask your agent for a rent appraisal, to help you judge whether you want to sell or rent your property?
This critical information will equip you with all the facts and figures for future decisions.
For more tips on preparing your home for a spring sale, visit www.propertypeople.net.au and on the home page you can download the FREE e-book Preparing your home for sale.