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Writer's pictureAndy Zhao

What are the steps of selling a property?

It is always important that you know the best practice of the steps how you should sell the property.


Step 1: Do your own research.

As the property owner, it is your due diligence to do your own research. Start with realestate.com.au to see what is your local market is like in the last 3-6 months. How much is the similar property has been sold for?


Step2: Property Appraisal

Engaged one of our Local Gurus Property Advisors to do a complimentary property appraisal so from a professional point of view you know roughly how much we can aim for.


Step 3: Smart Improvements

You want to present your beloved property in the best possible light. You want to maximise your chance of getting the best possible selling price. You should consider to make smart improvements before putting the property on the market.


Step 4: Sale Method

One of our Local Gurus Property Advisors will go through them in detail to provide a tailored method to market and sell your property. Usually there are three key ways to sell a property in Australia.


  • Private Treaty / Private Sale

  • Auction

  • Tender / Expression of Interest

Step 5: Marketing Plan

Marketing is extremely important in this current environment so we will discuss with you with the tailored solution to create the most effective marketing campaign.


Step 6: Sale Price

It is now the time to set a selling price or price range with our one of our Local Gurus Property Advisors. We work hard for you and strive to achieve the best price possible.


Step 7: Agency Agreement

We will guide you through in detail and review it together and sign our agency agreement.


Step 8: Conveyancer or Solicitor

You would need to engage a conveyancer or solicitor to draw up the contract and prepare for your property settlement matter.


Step 9: Marketing State 1 - Home Staging

Research has proven that staged homes sell faster and for 5%- 10% more money than un-staged ones. We will have a professional home stylist to go through with us together and they know what changes will have the biggest impact to boost the perceived value of your home.


Step 10: Marketing State 2 - Professional Photography

We will make sure professional photos, videos and floor plan is created for your property.


Step 11: Marketing Stage 3 - Digital and Physical Advertisement

It is the time do get all the sale boards, online marketing and print advertisement created. Official marketing of your property commences.


Step 12: Marketing Stage 4 - Open Home

Open homes are the best opportunity for buyers to consider whether they are prepared to buy,

We will prepare your property and host the Open Homes for you. The potential buyers will inspect your property on the Open Home Day.


Step 13: Offers or Auction

We would have received a few offers from potential buyers and we will present them to you and discuss them in detail. OR the property goes to Auction.


Step 14: Negotiation

This is one of the most important steps and we will negotiate on your behalf with the potential buyers to reach the best possible price for you.


Step 15: Contracts Signed

You would have agreed and accepted the offer. Contracts have now fully signed. Deposit also paid by the buyers.


Step 16: Settlement

It is now the settlement day, final payment received.

The property is officially SOLD. CONGRATULATIONS!!!




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