Tag: house sales

What obligations can you insist upon in a property sale?

What obligations can you insist upon in a property sale?

If you’re in the business of selling something, once the deal is done, that item pretty much becomes the new owner’s to do with as they wish. Even if it’s a cherished jacket or a watch that you’ve held onto for years, you can’t dictate what the new owner does with it after the sale is complete and you’ve let it go.

That being said, there are times when things can get a bit more complicated. Just because you’ve sold something doesn’t mean you can insist that the buyer keeps your wall colours or forbid them from making renovations. However, in certain situations, you may be able to set some terms that they should follow or at least consider as a polite request.

So, where do we draw the line? Let’s have a look at three examples that might help clarify things. Here’s some advice to ponder:

Restrictive covenants

Restrictive covenants are legal agreements that get attached to your property’s title deeds and they stick around indefinitely. So, when you sell your house, these rules automatically pass on to the new owner – whether they’re on board or not. You may need to go through a legal process to get these in place, but once you do, they become part of the deed. For example, it could mean keeping certain architectural features intact; like preserving a distinctive vernacular roof that’s maintained by roof thatchers every decade, maintaining gardens in specific ways or even having guidelines on what colours you’re allowed to paint your house.

While they may seem a bit controlling, they’re usually there for good reasons, like preserving the character of a historic neighbourhood or protecting everyone’s property values.

Recommendations & friendly advice

When it comes to passing on your home to the new owners, sharing some friendly advice can go a long way. Think about the little quirks or maintenance tips you learned along the way – like which plumber has experience in how to handle that old heating system or the trick to opening the back gate without a struggle. Framing this advice as helpful suggestions rather than demands makes it more likely to be appreciated. After all, who wouldn’t want a heads-up that could save them time and money? Since they’ve already invested in the property, it’s a win-win to mention those minor issues.

Local listed building obligations

Now, if your home is a listed building, there are some legal obligations that come with it. These responsibilities automatically transfer to the new owners, no matter what anyone thinks. The protections in place are meant to preserve historically significant buildings for future generations, and they take precedence over the new owners’ preferences. So, they’ll inherit the same duties you had in maintaining the building’s historic importance and charm. If you’ve been diligent about getting the right permissions for any changes and using suitable materials for repairs, they’ll need to follow suit. This information should definitely be shared before you finalise the sale.

Out of a sense of responsibility, it’s a good idea to ensure potential buyers fully understand what they’re getting into. Some folks may buy a listed building without realising the restrictions and costs that come with it. While you’re not obligated to do this, most people who care about the property will want to help the new owners succeed.

With this advice in hand, we hope you can seamlessly incorporate these obligations into your property sale, and do it in the right way.

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Unlocking a swift sale: Your guide to staging your home for success

Unlocking a swift sale: Your guide to staging your home for success

Selling your home is a big undertaking, and you want it to move quickly and for the best possible price. One of the most impactful things you can do to achieve this is to stage your home effectively. Staging isn’t just about making things look pretty; it’s about presenting your property in a way that allows potential buyers to envision themselves living there. Think of it as a crucial first impression, and with the right approach, you can significantly boost your chances of a fast and successful sale.

So, how do you go about transforming your space from ‘lived in’ to ‘move-in ready’? Let’s break down the key steps to staging your home.

Declutter and depersonalise: The foundation for success

First and foremost, take a hard look at your belongings. The goal isn’t to erase your personality entirely, but rather to create a neutral canvas that appeals to a wide range of tastes. This means:

  • Purge ruthlessly: Pack up anything you don’t use regularly, especially personal items like family photos, collections and excessive knick-knacks. Consider renting a storage unit if space is tight.
  • Organise and streamline: Clearing surfaces like worktops and tabletops will make a space feel larger and more inviting. Think minimal, clean and functional.
  • Wardrobe overhaul: Some property viewers will peek inside your built-in wardrobes. Overly full cupboards suggest a lack of storage, even if it isn’t really an issue. Store out-of-season clothing and organise what remains.

Focus on key rooms: Where buyers pay attention

While it’s important to address the entire home, certain areas demand special attention:

  • The living room: This is often the heart of the home. Arrange furniture to encourage conversation and create a clear flow. Consider a focal point, like a fireplace or large window. Don’t overcrowd the space with too much furniture.
  • The kitchen: A clean and updated kitchen is a huge selling point. Clear counters, invest in some new, stylish accessories and give appliances a good scrub. A bowl of fresh fruit can add a touch of homey charm.
  • Bathrooms: These should feel spa-like. Replace old towels, add fresh soap and put away personal care items. Make sure all fixtures are sparkling clean.
  • The master bedroom: Create a serene and relaxing atmosphere. Neutral colours, minimal accessories and high-quality bedding can make a big difference.

Light and bright: The magic ingredient

Good lighting can transform the feeling of any space. Make the most of natural light:

  • Clean windows: Dirty windows diminish light. Give them a thorough washing, inside and out.
  • Open blinds and curtains: Maximise natural light during showings.
  • Add layers of lighting: Supplement natural light with lamps and overhead fixtures to create a warm and inviting glow.

The final touches: Don’t overlook the details

Little details can make a big difference:

  • Curb appeal: Don’t forget the exterior! A well-maintained lawn, clean entryway and fresh landscaping can make a great first impression.
  • Fresh paint: A fresh coat of paint in neutral colours can instantly brighten and update a space.
  • Neutral palette: Stick to a neutral palette for walls and large furniture pieces. This allows potential buyers to envision their own belongings in the space.
  • Cleanliness is key: Your home should be absolutely spotless for showings.

Staging doesn’t have to be an intimidating or expensive process. By focusing on these key areas and paying attention to detail, you can create a home that’s both appealing and welcoming, ready to attract serious buyers and secure a quick sale.

Frequently Asked Questions (FAQs)

Q: Do I need to hire a professional stager?

A: Not necessarily. While professional stagers can offer expertise and resources, you can achieve great results by following these tips and putting in some effort yourself. However, if you feel overwhelmed or are dealing with a high-end property, professional staging could be a worthwhile investment.

Q: How much should I spend on staging?

A: There’s no one-size-fits-all answer. Focus on areas that will make the biggest impact. Fresh paint, decluttering and proper cleaning can make a big difference with minimal cost. Set a budget and prioritise areas that need the most attention.

Q: Should I stage even if I’m living in the home?

A: Absolutely! Staging while living in your home can be a challenge, but it’s crucial. Maintain the staged appearance during showings, which may mean adjusting your day-to-day habits a bit.

Q: How long will it take to stage my home?

A: This depends on the size of your home and how much decluttering and cleaning is required. Allow yourself enough time to do a thorough job. Don’t rush the process.

Q: What if my home is already well-maintained?

A: Even well-maintained homes can benefit from staging. It’s about presenting your home in its best light, creating a sense of spaciousness and appealing to a wide range of buyers. It’s not about disguising flaws, but rather enhancing existing strengths.

By implementing these staging strategies, you’re investing in the fastest and most profitable sale possible. Happy selling!

4 surprising obstacles you may face when selling a luxury home

4 surprising obstacles you may face when selling a luxury home

Even though homeownership is significantly easier than what we’re led to believe, there are actually some surprising challenges when it comes to selling a home, too. Buying a house is hard; but surprise, surprise, so is getting rid of one. Initially, selling a luxury home seems like something that’s exciting and quite a straightforward process, right? After all, isn’t it a seller’s market out there?

However, it can come with a few unexpected hurdles. The high price tag and exclusivity mean that the challenges involved are often quite different from selling a standard property. So no, it’s not exactly the cakewalk a lot of people make it out to be. With all that said, here are some unexpected obstacles you may encounter when putting a high-end home on the market.

It’s about attracting the right buyers

One of the biggest challenges when selling a luxury home is finding the right buyers. While the property itself may be spectacular, luxury buyers are often more selective and take longer to commit to a purchase. Unlike the run-of-the-mill homebuyer, they’re not just looking for a place to live – they’re after something that aligns with their lifestyle.

Plus, there’s always the chance of people ‘bargain shopping’ and hoping to cheekily underbid in hopes you’ll accept it (basically, people who aren’t looking for something that aligns with their lifestyle).

So, it’s important to understand the unique needs of this market. For the most part, luxury buyers want more than just stunning architecture or expensive finishes. They care about things like privacy, security and proximity to prestigious schools or amenities. Usually, the pool of potential buyers is smaller, which can mean longer waiting times to sell. It’s not exactly ideal, so patience truly is going to be a virtue here.

Needing clearance certificates

When selling a high-value home, there’s more to contemplate than just the price tag. You may face additional legal requirements, especially if you’re selling in a country that requires specific certificates or clearances.

For example, if you’re based in Australia, you’re going to need to get a CGT clearance certificate if you’re selling a property that’s valued over a certain threshold. It’s a big deal because, without it, there could be delays in the sale or, worse, issues with tax compliance. It’s a step that many sellers may not anticipate, which is understandable, but you can’t skip this either.

Staging expectations and high-end marketing

You must keep in mind that luxury homes require more than a quick and simple tidy-up before an open house event. For the most part, staging can be a significant investment, especially when dealing with high-end properties where potential buyers expect perfection.

Basically, you can’t DIY this. You’ll need a professional home stager and a real estate agency that specialise in luxury homes so they can offer luxury-based marketing strategies. It’s glaringly obvious when something has been DIYed, so don’t make that pitfall.

Navigating complex offers

The negotiation process for a luxury home sale can be more complicated than anticipated. In the majority of cases, luxury buyers have complex financial situations, and deals can involve cash offers, international buyers or even unusual contingencies.

Some buyers may have specific requests regarding furnishings or property improvements that could add extra layers of detail to negotiations. Sellers need to be prepared to navigate these complexities, often relying on the help of experienced real estate agents or legal advisors.

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Prepare your home for the best possible sale

Prepare your home for the best possible sale

Are you thinking about selling your home? Then you’ll want to make sure that you sell your home for the best price and sell it quickly. A delay with your sale could mean that you miss out on buying your dream property, and no one wants that kind of disappointment. So, are some of the steps that you can take to prepare your home for the best possible outcome, from curb appeal and fixes to great photography.

Improve the curb appeal

One of the first things you need to think about is the curb appeal of your property. Curb appeal gives the first impression that buyers will get of your home – a lack of it could stop them from even entering the property. It’s important to explore ways that you can enhance your home’s curb appeal.

For instance, you could focus on enhancing your garden with attractive potted plants. Or you may want to keep your lawn as neatly mown as possible. These are excellent options which can make your garden appear larger and grander overall. You could also employ professional painters to ensure that your home looks fresh and well maintained both outside and in before you decide to sell.

Tackle the right fixes

Next, you should make sure that you’re thinking about how to complete all those niggly repair jobs around your home. This could include little tasks like filling in holes in the walls left when you take artwork away or something bigger like fixing the roof.

You may think that buyers aren’t going to notice if there’s an issue with your roof, but this isn’t the case. The roof is one of the first things they’ll take notice of because buyers are aware that this is one of the most expensive issues to fix with a property. If you’re worried about this, then you may want to consider getting a professional contractor to complete any necessary work for you.

It’s also well worth replacing old or worn-out locks. What seems normal to you may seem dangerous or careless to a prospective buyer. Find an emergency locksmith that you can trust. Around The Clock Locks won’t charge call-out fees, and they have over 20 years of experience.

Modern features

Another option would be to add modern features to your home. This is going to make your property more attractive to many buyers. For instance, you could install a heat induction hob in your kitchen. As well as looking incredible, induction hobs only heat the base of the pan or pot that you’re using, not the cooker surface. As such, they’re fantastic energy savers and the safe choice for an eco-friendly property.

Photography

Finally, once, you’ve completed the right changes to your property, you then need to think about how to market your home. There are lots of ways to do this, but arguably the best step will be to use photography. Home photography will be used in everything from a paper brochure for your home to an online listing of the property. You can use the photographs taken by the estate agent. Alternatively, you can do it yourself, or hire a professional photographer if you’re not happy with the images the estate agent has provided.

We hope this helps you understand some of the key steps that you can take to prepare your home for a successful sale in the future.

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