Broker giving keys of new house and handshaking with customer

The Ultimate Guide on Selling Your Property In Darwin

With a booming housing market, now is a good time to consider selling my house in Darwin. The city’s median house price is $592,500 and over 15 local properties sold for $1 million or more in 2021, so the demand is definitely there if you’re thinking about putting your house for sale Darwin.

Broker giving keys of new house and handshaking with customer

“When should I be selling my house?” There are a few important steps to take beforehand, which we will go through in this detailed guide. Keep this guide on hand for whenever you decide to sell a unit or house in Darwin.

Secure an Awesome Agent

First things first, start with finding a licenced agent, preferably someone who has years of experience selling property in Darwin. The agent should be qualified with Licensing NT and a Real Estate Institute of NT member. Once you find a dedicated agent who is confident that they can get you the best results for your property, you need to sign a contract legally approving the agent to represent you and sell your home.

Decide on Method of Selling Property in Darwin

Next, you need to decide which of the three property selling methods you prefer. A private treaty puts a set price on a house for sale Darwin, and the agent negotiates offers to get the best price. This ongoing process may include building inspections and other conditions of sale, while the cooling-off period of four business days gives buyers the chance to back out.

You may also choose an auction with no conditions or a cooling-off period. After a monthly marketing campaign, prospective buyers can place their bids, which hopefully surpass your reserve price. Lastly, there’s the tender method, when a price is not listed, and buyers may present their own offers with a deposit and purchase conditions.

Additional Considerations for Property Sales

Whichever selling option you go with, your real estate agent will discuss marketing, contract of sale, and an overview of costs with you. It’s best to ask any questions that come to mind right away, so you can go into the sale period feeling positive about this next chapter after selling your property. Just remember to consider the agent commission and conveyancing fees when thinking about the finances of your home sale.

Learn More About Selling Property in Darwin

When it comes to putting a house for sale Darwin, Elaine Mills Property Management gets the job done. We have decades of dedicated experience in residential sales, so please contact us to discuss selling property in Darwin and arrange a free property appraisal today.