Selling in 2024? Here’s how to prepare now
As the new year peeks over the horizon, it’s time to start thinking seriously about a 2024 sale.
If you are planning to move on from your Neutral Bay property in 2024, here is a quick rundown that will help you focus and work towards a fantastic result.
Getting started
The first thing to do is get in touch to organise a no-obligation chat with HPA. We can give you an estimate of your home’s value based on what comparable properties are selling for in the area, what we believe buyers will be willing to spend and what you might need to do to get it into optimal selling condition.
Once you are ready to make the move, your list of steps will look something like this:
– Declutter so your home looks more spacious
– Depersonalise so your buyers can easily picture themselves living there
– Add a coat of fresh paint if it has been a while since you did so
– Carry out any cosmetic updates (i.e. new cupboard doors or light switches) to make the home more appealing
– Deep clean your house and home facade to deliver a great first impression
– Tidy the garden and area in front of the house
– Take care of minor repairs
– Order a building inspection so you are aware of any issues that buyers might flag
We can give you a more detailed plan and let you know what to focus on. It’s amazing what can be achieved in just a couple of weeks when you have the right people to help.
What to expect in the Sydney housing market 2024
The real estate market has seen some ups and downs over the last few years. In Neutral Bay, news was positive in 2023, with prices rising by 2.9 per cent for units and 1.3 per cent for houses.
In 2024, forecasts are mixed due to interest rate uncertainty. Some areas are decreasing in value because of rising costs, while popular suburbs and towns with good infrastructure and amenities are holding strong. Overall, the CBA is predicting that the Sydney real estate market may rise by as much as 4 per cent in 2024.
This is excellent news if you are selling a Neutral Bay home, but remember you will most likely also be buying once you sell. You may want to negotiate a longer settlement period so you have time to find a new place that meets your needs and sits within your budget.
What to consider before you sell and buy property in 2024
While prices are strong and expected to stay that way, you still need to be realistic and look at comparable sales with the help of your agent when you set your expectations about the final outcome.
You’ll need to talk about your strategy and decide whether you will sell via private treaty or auction. Then there is marketing to think about – where and how will you share your listing with the world?
Your agent is there to help you make decisions, including when to accept an offer. Our recommendations will be based on the strength of the offer, current levels of buyer interest and your goals as the seller, for example you may be willing to hold out for a better offer because you’re not in a hurry to relocate.
Once you have sold your home and are ready to buy, think about how you will hand over a deposit, either in the form of a deposit bond or cash. It’s also worth connecting with agents in the area where you would like to buy (and we can give you some advice about making an offer when you’re ready).
When it comes time to make your offer, keep it simple and uncomplicated. This, paired with pre-approval from your lender, will make you stand out as a low-risk option to the seller.
Getting ready to sell your Neutral Bay home in 2024? Get in touch today.
