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Top tips to get top money for your home: report

Top tips to get top money for your home: report

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Date Published : Monday, September 15, 2008

Homeowners could lose tens of thousands pounds by making simple errors in the sale of their properties, it has emerged.

A poorly presented home is unlikely to generate much interest or emotional appeal for buyers, Brock Harcourts Henley Beach director Sam Hosking told the Advertiser.

Mr Hosking advised that presentation is vital in order to obtain a good offer and to make your home stand out from the crowd.

However, he has suggested that people should discuss presentation with their real estate agent before embarking on any significant facelifts.

"Take the time to tidy up the garden and consider cosmetic improvements such as a fresh coat of paint, because it is not just a case of a quick tidy-up the night before the inspection,'' he explained.

The expert also advises sellers to start early and to factor in the time it takes to sell a property as the process can often take "three to four months from start to finish".

Potential sellers should also appoint an agent they trust and confirm selling costs, he told the newspaper.

Mr Hosking said that it is also vitally important for mortgage owners to choose the right method for a sale.

"If a property is likely to attract more than one potential buyer, auction allows competitive bidding to increase the final sale price," he explained.

Earlier this month the AAP reported that the Australian Finance Group mortgage index revealed the housing market was more subdued in August, with the number of mortgages sold falling by 17 per cent to 5,770 in August, on the back of healthy growth in July.

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