Selling Your Home with Runaway Bay Real Estate Agents Gold Coast: Selling Smart for Better Outcomes, Let’s Get You SOLD!
So you are thinking about selling your home in Runaway Bay? Local Runaway Bay real estate agents on the Gold Coast can make a big difference. We know the area well and can help you get the best possible price.
Runaway Bay real estate agents in Gold Coast have the skills to market your property to the right buyers.
They understand what makes your home special and can showcase its best features. This can lead to quicker sales and better offers.
Working with Runaway Bay real estate agents also saves you time and stress. We can easily handle the tricky parts of selling, like paperwork and negotiations. You can focus on getting ready for your next move while we take care of the rest.
Understanding the Runaway Bay Property Market
The Runaway Bay property market has unique characteristics that impact home sales. Knowing current trends and pricing strategies can help you make informed decisions when selling your home.
Market Trends and Analysis
Runaway Bay’s property market is always changing. Right now, buyer demand is strong for waterfront homes and properties near the Broadwater. Families are keen on houses with multiple bedrooms and outdoor spaces.
Investors are looking at units and townhouses as rental options. The area’s lifestyle appeal and proximity to Gold Coast attractions drive interest from interstate buyers.
Recent sales data shows steady price growth in most suburbs. The average time on market for homes is around 30-45 days. This can vary based on property type and price point.
Pricing Your Home Competitively
Setting the right price is key to a quick sale. Look at recent sales of similar homes in your area. Consider factors like:
- Property size and features
- Location and views
- Condition and upgrades
- Current market conditions
Local Runaway Bay real estate agents can provide a detailed market analysis. I will help you find the sweet spot between your goals and buyer expectations.
Be realistic about your home’s market value. Overpricing can lead to longer selling times. An accurate price from the start often results in better offers.
Preparing Your Home for Sale
Getting your home ready to sell takes some work. A few key steps can make a big difference in attracting buyers and getting the best price. Focus on staging, repairs, and quality photos to showcase your property.
Home Staging Strategies
Declutter your home to make spaces feel larger. Remove personal items and family photos so buyers can picture themselves living there. Rearrange furniture to highlight the room’s best features and create good flow.
Add some fresh flowers or plants to brighten up rooms. Use neutral colours for walls and decor to appeal to more buyers. Make sure each room has a clear purpose.
Clean thoroughly, including carpets, windows, and all surfaces. Open curtains to let in natural light. Put away pet items and deodorise them to eliminate any odours.
Essential Repairs and Improvements
Fix any obvious issues like leaky taps, squeaky doors, or cracked tiles. A fresh coat of paint can make a big impact, especially in high-traffic areas. Update old light fixtures and cabinet hardware for an affordable refresh.
Consider replacing worn carpets or refinishing hardwood floors. Patch holes in walls and fix any damaged areas. Clean or repaint the front door to boost curb appeal.
Tidy up the garden by mowing, weeding, and pruning overgrown plants. Pressure wash paths and driveways. Make sure all outdoor lights are working properly.
Professional Photography Tips
Hire a professional photographer with experience in real estate. They’ll know how to capture your home’s best angles and features. Clean and declutter before the shoot. Open all curtains and turn on lights to brighten spaces.
Ask the photographer to take shots at different times of day. This shows how natural light changes in each room. Get photos of key outdoor areas like the garden, pool, or patio.
Make sure listing photos highlight unique selling points. This could be views, architectural details, or recent upgrades. Quality photos will attract more interest online and bring in more potential buyers.
Marketing Your Home Effectively
Working with Runaway Bay real estate agents can boost your home’s visibility and appeal to potential buyers. They’ll help you showcase your property’s best features and reach the right audience.
Listing Platforms and Advertising
Your agent will list your home on popular real estate websites like realestate.com.au and Domain.com.au. These platforms get loads of traffic from house hunters. Your listing will have high-quality photos and a catchy description to grab attention.
Agents also use social media to spread the word. They might share your listing on Facebook or Instagram. This helps reach more people, including those who aren’t actively looking.
Print ads in local papers can still be useful. They catch the eye of older buyers who prefer traditional media. Your agent might also put up ‘For Sale’ signs to attract passersby.
Open Homes and Private Showings
Open houses let multiple buyers view your home at once. Your agent will suggest the best times to hold them. They’ll help you tidy up and stage your home to make it look its best.
During the open house, your agent will:
- Welcome visitors
- Answer questions
- Point out key features
- Collect contact details
Private showings are for serious buyers. Your agent will arrange these at times that suit you. They’ll give you tips on how to prepare your home for each visit.
For both open houses and private showings, your agent will:
- Highlight your home’s best bits
- Create a warm, welcoming feel
- Gather feedback from potential buyers
This feedback helps you know what buyers think and might lead to tweaks in your selling strategy.
Navigating the Sales Process
Selling your home involves several key steps and considerations. You’ll need to handle legal requirements, negotiate offers, and complete the closing process.
Understanding Legal Requirements
In Runaway Bay, you must follow certain legal rules when selling property. You’ll need to prepare a contract of sale with help from your solicitor. This contract lists the property details, sale price, and settlement date.
You also have to provide disclosure documents to potential buyers. These include a title search and information on any restrictions or easements. Your agent can guide you on the specific disclosures needed for your property.
Don’t forget to sort out any outstanding rates, taxes, or body corporate fees before settlement. Your solicitor can help you calculate these amounts.
Negotiating Offers
When offers come in, your agent will present them to you. They’ll explain the terms and conditions of each offer. You can accept, reject, or make a counter-offer.
Consider more than just the price. Look at settlement dates, deposit amounts, and any conditions the buyer includes. Your agent can advise you on the strength of each offer.
Be ready to negotiate. You might go back and forth with buyers several times before reaching an agreement. Stay calm and focused on your goals during this process.
Closing the Sale Smoothly
Once you accept an offer, the buyer pays a deposit. This is usually held in trust by your agent or solicitor. The settlement period then begins, typically lasting 30 to 90 days.
During this time, your solicitor will prepare transfer documents. They’ll also liaise with the buyer’s solicitor to ensure all conditions are met. You’ll need to organise for the disconnection of utilities and vacate the property by the agreed date.
On settlement day, the buyer’s funds are transferred and you hand over the keys. Your agent can help coordinate the final property inspection and key handover.
Choosing the Right Real Estate Agent
Selecting the best agent to sell your home in Runaway Bay is crucial. The right professional can make a big difference in your sale price and experience.
Commission Structures and Fees
Real estate agents usually charge a percentage of the sale price. This is called a commission. In Runaway Bay, rates can vary. It’s smart to compare fees from different agents.
Some agents offer a flat fee instead of a percentage. Others may have a sliding scale based on the sale price. Ask for a clear breakdown of all costs upfront.
Be wary of very low fees. They might mean less effort in selling your home. On the flip side, the highest fee doesn’t always mean the best service.
Talk about what services are included in the fee. Do they prefer private viewings or open homes? Make sure you know what you’re getting for your money.
20 STEPS to SELLING your Runaway Bay HOME
YOUR JOURNEY TO A SUCCESSFUL RUNAWAY BAY PROPERTY SALE
As your local independent Runaway Bay real estate agent, I know that selling your home can be a stressful process, however, with the right steps it can be a smooth, stress-free journey.
My simplified guide will take you through a 20-step process for selling your Gold Coast property with real estate agents in Runaway Bay; I proudly sell homes across the entire Gold Coast.
1. PREPARING YOUR RUNAWAY BAY PROPERTY FOR SALE AND SOME OF THE LEGAL REQUIREMENTS
- Tidying gardens and decluttering everything inside and out.
- All homes being sold require hardwired photoelectric, interconnected smoke alarms. Non-removable 10-year battery smoke alarms can be installed in place.
- You will need to complete a pre-contractual disclosure statement: generally related to limitations, restraints, or defects in the property title, such as easements, covenants, leasing, zoning etc.
- If you have a swimming pool or the property has a shared swimming pool (Body Corporate), a pool safety certificate is required.
2. COMPARATIVE MARKET ANALYSIS REPORT FOR YOUR RUNAWAY BAY PROPERTY
Phone me now to book an appointment for an appraisal of your home: 0418 189 963.
When you have shown me around your home, I will provide you with a Comparative Market Analysis (CMA) report, which is a detailed and legally required analysis of the market value of your home.
The CMA is based on recently sold and for sale properties similar to yours in the immediate area. I will need to view your home to prepare this report.
You can get a CMA from me now; it is 100% FREE, with NO obligation.
Phone me to arrange a time: 0418 189 963
3. SETTING A MARKETING BUDGET FOR YOUR RUNAWAY BAY HOME
The third step in selling your home is to create a marketing budget. By law, this must be based on actual costs. There are various marketing options to consider, such as:
– Internal, External and Drone Photography.
– Property and House Plan, showing potential buyers the exact layout of your home and property.
– Internet Advertising on platforms such as RealEstate.com.au, Domain.com.au, Facebook.com, Instagram.com, etc.
– For Sale Sign on the street is still essential to attracting potential buyers. Even though many buyers start their search online, they often drive around neighbourhoods to see what’s available. Not having a For Sale sign can significantly reduce the number of people who see your property and could be interested in buying it.
4. PREPARING AND APPROVING THE FORM 6 AGREEMENT WHEN SELLING A RUNAWAY BAY PROPERTY
A Form 6 Agreement is a document provided by the Queensland State Government, it outlines all relevant details of the property sale, including the marketing budget. Our administration team will prepare and send this form for your review and approval.
5. PAYING THE MARKETING BUDGET FOR YOUR RUNAWAY BAY PROPERTY
Once you have approved the Form 6 Agreement, the next step is to pay for the marketing budget that you have chosen.
6. STARTING THE ADVERTISING PROCESS
When your payment has been received, the advertising campaign will commence. The specific advertising strategies used will align with the choices you made within your marketing budget.
7. MONITORING MARKET RESPONSE
If there haven’t been offers within 30 days, it’s important to remember that this doesn’t necessarily mean there isn’t interest in your property. It could simply mean that your chosen pricing strategy needs to be adjusted, to reflect what the market is prepared to pay.
8. ARRANGING BUYER VIEWINGS
When buyers express interest in your home, viewings will be arranged to allow them to see it in person; you need to be away from the property during these viewings. This allows potential buyers to be relaxed and visualise themselves as the new owners – effectively forming a deeper connection with your property.
9. CONSIDERING A BUYER’S OFFER
When a buyer makes an offer on your home, this is an important step in the sales process. Receiving an offer signals that a buyer is interested in purchasing your property and is willing to commit to a specific price. You need to check the offer carefully and consider all the terms and conditions before making a decision.
10. ACCEPT, COUNTER, REJECT
When an offer is presented, you will need to respond by accepting, countering, or rejecting it. Accepting locks in the agreed-upon price and terms. Countering proposes changes, and initiates further negotiations. Rejecting simply means the offer is unacceptable; in this case respond promptly and professionally, explaining your decision. If countering, present revised terms clearly; open and respectful communication is key for a smooth sale.
11. YOUR LEGALITIES
When you finally accept an offer, you will engage your solicitor to facilitate the legal requirements to complete the sale. If you are part of a Body Corporate, you will need to provide a Disclosure Statement from them. Your solicitor will use PEXA to settle your property, part of the process requires Verification of Identity. Also, anyone involved in a property transaction worth $750,000 or more must complete an ATO Clearance Certificate.
12. BUYER’S DEPOSIT
The buyer’s deposit is a crucial step in the property purchase process; it will be paid into and held in the agency’s Trust account. This is a tangible expression of the buyer’s commitment to purchase your property.
13. BUILDING AND PEST INSPECTIONS
Normally a buyer will arrange a building and pest inspection report for your property to be completed within 14 days of the contract date. In addition, they may also have the contract subject to finance, which is usually up to 21 days from the contract date.
14. COMPLETING YOUR RUNAWAY BAY PROPERTY SALE
Based on the outcome of the building and pest inspection report, and any finance being sought, the buyer will either proceed with their offer or withdraw it. At this point, the sale will fall through, or it becomes unconditional.
15. LOOKING FOR YOUR NEW PROPERTY
If the sale becomes unconditional, then it is now time to start looking for a new property; remember, there is no need to rush it is essential that you take your time, as this needs to be a very considered purchase. Your new home is of substantial value and can be costly if you change your mind. Something you may want to investigate is Short-Term Bridging Loans.
16. ALTERNATIVES YOU SHOULD CONSIDER
An alternative option to consider is renting while you look for a new property. A period of renting could be used as a breathing space, allowing you to collect your thoughts, process everything calmly and ultimately buy where you want to live.
17. TIME FOR YOU TO MOVE
Leaving your home opens doors to a new chapter full of new beginnings. Embrace the excitement of a fresh start and cherish the memories you’ve made. Every box you pack brings you one step closer to a new adventure full of possibilities that lie ahead.
18. YOUR SALE CONCLUDES
The culmination of the property sale is settlement; it marks the transfer of the property to the new buyer. As the final chapter concludes, this can be seen as a sense of achievement; your property has now SOLD.
19. YOUR FUTURE OPTIONS
If you have chosen to rent; you will continue to look for and eventually purchase a new property, apartment, or perhaps even buy land and build; now there’s something to consider.
20. TIME TO UNWIND AND MAKE YOUR NEW HOME YOUR OWN
As you unpack and furnish your new home, embrace the gradual process of creating your own personal haven. Enjoy the transformation, one room at a time. Relax in the tranquillity of your surroundings and immerse yourself in the gentle sounds of your new neighbourhood.
Explore the nearby parks and cafes; enjoy the unique charm of your new community. Remember, settling in is a journey in itself, it’s not a race. Embrace the process of creating a home that reflects your unique style and personality.
Selling your property on the Gold Coast with real estate agents in Runaway Bay can be complex, but I make it simple. My 20-step guide provides a general overview; your specific steps may vary.
As a skilled agent backed by a strong local team, I’ll guide you through the selling process, seamlessly helping you achieve a successful property sale.
Author: Craig Douglas
Please Note: The information contained in this document is for general information purposes only and does not constitute legal advice. The laws and regulations governing the sale of property in Queensland are complex and constantly changing. It is important to seek the advice of a qualified property lawyer or conveyancer before making any decisions about the sale of your property. This document does not take into account your individual circumstances and may not apply to your situation. By reading this document you agree that you have not relied on the information contained herein and that you will seek independent legal advice before taking any action.
I know how stressful it can be to sell a property, but I’m here to make the process as smooth and easy as possible. So you searched for Runaway Bay Real Estate Agents Gold Coast and found yourself here, let’s chat over coffee and I’ll show you how I can help.
Are you ready for a casual chat?
Let’s get you Selling
LET’S GET YOU SOLD
PHONE ME NOW, Craig Douglas 0418 189 963
Professional | Knowledgeable | Experienced
THE AGENT YOU KNOW
This page was proudly created by Craig Douglas, your local independent Gold Coast real estate agent, working for a Boutique Real Estate Agency. Selling residential and commercial properties, from those that are awe-inspiring, through to a diamond-in-the-rough, otherwise known as a “renovator’s delight”.
I negotiate and sell on behalf of property owners who want to get the best possible price with the least amount of hassle. Let’s talk about the process of selling your property over a coffee to get you started – 0418 189 963
