If you are thinking of downsizing or you have already begun to make your next move, you may be feeling a little overwhelmed. This is completely understandable, you have a big job ahead of you. It can, however, be accomplished with little stress if tackled in the right manner and you have the right help.
The 4 step roadmap to sale will help guide you on your journey. Each step has been segmented and will show you what you need to consider and who you will need to connect with on a professional level.
The 4 Steps are as follows:
1. Decision making
The first step is the most difficult of all. It is all about making a decision to move. This may be a time when you consider subdividing, building a granny flat and renting out your property or selling and moving into a lifestyle village or a smaller place of residence. You will need to consider your new location and the most appropriate transition depending on your financial or personal circumstance. For some, downsizing is welcomed and may bring financial relief. For others, letting go can be incredibly stressful and overwhelming.
Professionals: Talking to a Financial Planner early in the process is advisable to help you work out your Nest Finances. The earlier you receive financial advice the more empowered and confident you will feel about your financial future. Your financial advisor should work closely with you throughout the downsizing process.
At this stage, you will need to connect with a Buyers Agent to discuss your future plans, help you with your options and gather
information about the approximate value of your property.
RISK: Not discussing your options and planning financially may see you go down the wrong road.
2 . Property Potential.
The next step is all about making sure you make the most of your one chance to sell. The way you present your property will determine the outcome in a positive or negative manner.
Professional Assistance: In order to maximise your sales potential, you will need to engage a Property Makeover Specialist. They will be able to advise on how to best prepare your home for sale. Your property may just need a fresh cost of paint and some new carpets or you may be advised to undertake some small renovations to enhance the appeal of your property. A Property Stylist can arrange some hired furniture and also help you present your home so that it can be seen in the best light.
The required spend at this stage should be considered an investment and will help you achieve an outstanding sales price. Talking to your financial advisor or mortgage broker about drawing on the equity of your home would be advisable. You should not feel any financial pressure at this stage.
RISK: Not preparing your home for sale may be detrimental to the final sales outcome.
This next stage is the biggest inhibitor of all. Most Downsizers
find it difficult hard to part with their treasured possessions and will need to commit time and effort into sorting through the important and not so important things. Making the time to declutter can be emotional and stressful. Having the next goal in mind can help you move through this stage more peacefully.
Professional Assistance: if you would
like assistance, connect with your local Decluttering Service Partner. They can help you get into the decluttering zone and offer advice or help you prepare for a garage sale.
You may also like to invite a qualified Auctioneer into your home to value your antique items. You can then decide if you would like to part with these items or hand them down to family members.
RISK: Feeling like you do not have enough space when you move.
4. Selling your home / Subdividing / renting.
Once your home has been well prepared and you have decluttered, you will be ready to showcase your property and move through the selling process with your agent of choice. You can discuss the option of a private sale or an auction depending on your circumstances.
Professional Assistance: When it comes time to sell, you will need to engage a Sales Agent that will guide you through the selling process and be in full communication with you every step of the way. You should feel comfortable with your agent of choice.
RISK: Choosing an agent based on commission rates alone is not a wise decision.