As Perth's housing market continues to soar on the back of strong demand and limited supply, sellers are still in the driver's seat.
But before you pop up that 'For Sale' sign, here are some handy hints to make sure you're fully prepared to maximise your profit and minimise stress.
Where to start
For an accurate understanding of your home's value, our partners at CoreLogic offer reiwa.com users a free price estimate for their property. Simply type in your address and download your property report to discover an estimate of your home's value.
Research your local market before listing
Just as buyers are encouraged to research the market, sellers should also take the time to understand the dynamics of their local area.
Start by diving into the current market trends in Perth, and in your suburb on reiwa.com.
You can look at key metrics such as median prices, average selling times and recent sales of similar properties.
It's the key source of information for real estate agents in WA – so research like a professional before you hit the market.
You can also explore insights into demographic data, including age groups, family sizes and housing trends which can help tailor your marketing approach to attract the right buyers.
Use this free data to see how your area compares to the suburbs around you, whether it's school catchments or a rental estimate for a potential investor. Leverage this in your sales campaign to meet the buyers where they're looking.
Get ahead of the competition
Understanding what has sold recently in your area can give you an edge. Browse through recently sold properties on reiwa.com to see how they were presented and what features helped them stand out. This will guide you in preparing your home to appeal to potential buyers. Whether it's a fresh coat of paint, landscaping or minor repairs, these improvements can make a significant difference to your property's appeal.
Know where you stand
Also, take a look at current listings in your suburb. This allows you to see the asking price of similar properties on the market. Compare your home to others for sale using the easy 'compare properties' tool (see image below), for a side-by-side snapshot including price, land size, number of bedrooms, time on market and other key features.
Set yourself up for success
While there are many ways to maximise the success of your home sale, it is important to have realistic expectations when selling.
By doing your research, you'll be well positioned to make the most of the spring selling season.
