Top tips to reduce your property’s days on the market
Selling a property can be a time of mixed emotions. On the one hand, you’re closing a chapter of your life, but on the other, a new, exciting adventure beckons ahead. But once you’ve made the decision, the last thing you want is to have a property sitting on the market for an extended period, awaiting sale.
If you are committed to selling and are ready to turn the page on the next chapter of life, here are our top tips to reduce your property’s time on the market.
Why time on the market matters
The time each property spends on the market varies for a number of reasons, including its price range, purpose, and the type of buyer it’s likely to attract.
But when a property spends too long on the market, interest in the property can lapse and it can also raise questions in the minds of potential buyers as to whether there’s something wrong with it behind the scenes.
Meanwhile, if you’re looking to sell your property, chances are you want it to be a quick, smooth and seamless process that sees you ready to embark on your next adventure.
A local guide’s insight
As we mentioned, the timeframe can vary but as an indication for this region, CoreLogic offers the following data for houses in some of the most well-known suburbs:
Tewantin
- The median house price is $585,000
- Average days on market – 57
Noosaville
- Median house price – $945,000
- Average days on market – 69
Noosa Heads
- Median House Price – $1.1 million
- Average days on market – 71
Sunshine Beach
- Median house price – $1.6 million
- Average days on market – 77
Doonan
- Median house price $1 million
- Average days on market – 92
So how do you ensure your property is among those primed to quickly sell?
The right agent
The agent you select can impact the time your property spends on the market due to two important factors: their local knowledge and their marketing expertise.
The right agent will know your area like the back of their hand, with a grasp on exactly what is selling where for what price.
This allows them to give you a realistic idea of what your property will sell for and how much interest it’s likely to attract.
This knowledge will also help them tailor a marketing plan to suit your needs as different types of properties call for different strategies to reach the right potential buyer.
imsold principal Andrew Johnson has been an agent in this area for over 15 years, with an intimate knowledge of what buyers currently seek and the marketing strategies that target them best.
A little spruce up
If you’re serious about selling it pays to view your property with a critical eye in the months prior to sale. Look at it as a buyer would, examining it for faults you may wish to remedy and attributes you may wish to highlight.
Sometimes all it takes is a little tidying to have a property market ready, but in other cases, small maintenance tasks like a coat of interior paint, an exterior water blast, and completing unfinished projects might be required.
All these add up to assist with photographs and creating a good first impression, and you can read more about the importance of first impressions here.
Great photography
One of the biggest keys to selling a property is to garner interest from as many potential buyers as possible, and here great photography plays a critical role.
Good photography ensures your property is presented in an appealing way using the right lighting, the right perspective, and an eye for the individual attributes of your home that are likely to stand out.
Pest and building in advance?
In a bid to expedite the sale process, some vendors elect to have their own pest and building inspections undertaken, which can be beneficial for a number of reasons.
A pest and building inspection in advance of the sale can highlight any potential problems so you can remedy them. Alternatively, they are a tool you can present to buyers in a bid to reassure them that the property they’re interested in is as good as it looks.
About imsold
If you have any questions about selling your property or its current worth, imsold property is here to assist. We help vendors understand the selling process, with honest, clear communication and a dedication to our client’s needs.
You can contact us for further assistance.