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Spring is in the air and as we head into the back-end of the year, the festive season – this is a great time of the year in Melbourne.
Activity in real estate certainly goes to another level from now to the end of the season. With more properties expected to come onto the market from the end of September onwards.
What a homebuyer needs to know this Spring
Over September’s first two weekends the Real Estate Industry of Victoria (REIV) recorded more than 1,202 auctions. 758 properties sold, 598 at auction, with 331 passed in. 160 properties were sold before the auction. The clearance rate averaged 70.5%, just up on August 69%.
The exciting Spring market is here with a jump in the number of properties going to auction, which usually continues to rise right through to the start of December.
Last year it was a real boomtime because we were busting out of our notorious long lockdowns. This Spring will be more of a slower build, with some potential sellers still a bit shy because of easing values.
A Guide to Preparing Your Home For a Spring Sale
Your property’s appeal to buyers is more important than ever in today’s market.
1. Spring clean
Start with a complete spring clean to get your house ready for the sale. Clean glass doors and windows from the outside and inside. Remove cobwebs and give everything a good dusting and vacuum. Wash curtains and dust blinds, lighting, and other fixtures. Clean and polish door knobs, mirrors, switches, taps, and fittings.
Have your carpets professionally steam cleaned. Wipe down cupboards and all exterior and interior surfaces like closet doors as well as shelves and drawers. Pay particular attention to kitchens and bathrooms, and have your tiles and grouting cleaned by experts if necessary.
2. Increase curb appeal
First impressions count when it comes to buyers’ opinions, so increase curb appeal and make your exteriors stand out. Tidy up your front and back garden by clearing away any clutter from your front yard. Use a pressure washer to hose down driveways and garden pathways, and make sure you remove any oil stains. Rake away dead leaves, prune dead winter growth, and do a thorough weeding. Have your roof and gutters cleaned by professionals. Remove any large bushes and trim away tree branches to clear the exterior view for prospective buyers.
Trim your lawn edges for a clean and orderly look. Fix dead, bald, or yellowing lawn patches by seeding and fertilising these spots. Adding small improvements like mulch can make a big difference while reducing the need for ongoing weeding. Get rid of any shabby-looking outdoor items like rusting deck chairs and creaking swing sets.
Consider repainting fences, exterior walls, and the letterbox. For a pop of colour, add flowers and green shrubbery to your front garden. Don’t forget to fertilize your lawn and garden beds for vibrant springtime growth. Make an impact by introducing statement pots and plants to your entrance. Remember to keep up with watering to keep your lawn, flowers and trees looking their best.
3. Remove personal items
Take the opportunity to declutter your house by throwing away or donating anything you’re not using. • Remove as many personal effects from your property as possible. Decluttering makes your interiors and storage spaces look more spacious, and depersonalizing your home provides potential buyers with a blank canvas to imagine the house as theirs. Remove family photos, souvenirs, and accolades.
Consider putting oversized, worn-looking, or clashing furniture pieces into storage.
Anything you leave, like clothing hanging in your closet and plates in cupboards, should be in good condition and tidily arranged.
4. Accessorise the interior
Staging your property allows you to target specific demographics and possibly achieve a better price. • An experienced real estate advocate is your best adviser when it comes to staging. He/she can pinpoint the special features and guide you on how to highlight these with staging.
So what exactly does staging involve? You could rent furniture, artwork, and additional accessories to accentuate your property’s top features. These can be used to repurpose rooms – such as turning an extra bedroom into a nursery or a home office – depending on your target demographic.
You can add basic touches yourself, such as updating old towels, rugs, and linen with new ones. Draw back the blinds to let in natural light and add fresh bouquets. During inspections, the advocate might recommend added elements like relaxing music and pleasing aromas with baking cookies and freshly brewed coffee.
5. Do any necessary repairs and maintenance
Take an objective look at your interiors and note any flaws, defects, or damage. Repair leaky taps, loose doorknobs, and faulty light switches. Give damaged walls a fresh coat of paint, and consider having carpet stains removed by professionals.
If you have timber flooring, think about having them restrained.
6. Work with an advocate
At Bayside Real Estate Advocates, we will work closely with you at every step of your sale, ensuring you’re staging and preparing your property correctly. He/she can check you’re working off an accurate value for your home and assist with your contracts and paperwork.
Spring is a busy time for both buyers and sellers, and an advocate can help make your property stand out and successfully project manage your sale. In addition, you could have the full confidence that it’s truly the right time to sell if you have the help of an experienced advocate who knows the market.