CONSIDER THESE OPTIONS BEFORE SELLING :-
1) Selling as-is in current market
A CMA contains a number of properties which are most similar to your home in terms of location, type, condition, number of rooms, period it was sold, distance to your house & zoning.
Melbourne is at 12pm property clock, which means we are at the peak of the market. It is predicted that next year, prices will start going down due to less buyers in the market, especially for properties above $1 mil.
Now is a good time to sell in Melbourne!
2) Selling with plans and permit
Very attractive option as it is shorter to complete (4 - 8 month), meaning that you work within a predictable market and cost is less to ($10K-$15K). Selling with plans & permits can fetch upto 10%-20% more than selling without one.
3) Selling completed townhouses
New townhouses at the moment on average can fetch more than $1 mil in a premium suburb. In a good market, seller can get a better price if lack of supply continues. At the moment, there is not much comparable in recent time due to again, lack of supply.
4) Selling to Developer with longer settlement and/or low deposit (down to 5%)
You can get a very good price for your property for the time and/or money that you let them have. This allows them to use the time to get plans and permits, rather than paying full price for the land at the start. You can make the contract unconditional.
You may get 10%-20% more without having to do the actual work of getting plans and permit or the risks/issues associated with the work.
A CMA contains a number of properties which are most similar to your home in terms of location, type, condition, number of rooms, period it was sold, distance to your house & zoning.
Melbourne is at 12pm property clock, which means we are at the peak of the market. It is predicted that next year, prices will start going down due to less buyers in the market, especially for properties above $1 mil.
Now is a good time to sell in Melbourne!
2) Selling with plans and permit
Very attractive option as it is shorter to complete (4 - 8 month), meaning that you work within a predictable market and cost is less to ($10K-$15K). Selling with plans & permits can fetch upto 10%-20% more than selling without one.
3) Selling completed townhouses
New townhouses at the moment on average can fetch more than $1 mil in a premium suburb. In a good market, seller can get a better price if lack of supply continues. At the moment, there is not much comparable in recent time due to again, lack of supply.
4) Selling to Developer with longer settlement and/or low deposit (down to 5%)
You can get a very good price for your property for the time and/or money that you let them have. This allows them to use the time to get plans and permits, rather than paying full price for the land at the start. You can make the contract unconditional.
You may get 10%-20% more without having to do the actual work of getting plans and permit or the risks/issues associated with the work.