Selling your home with parktrent

It’s a fact: selling your home is a stressful life event. If you’ve decided to sell your home, you deserve to get the best possible price for your investment.

Choosing ParkTrent to assist with the sale of your property means partnering with Australia’s largest privately owned real estate company. What sets us apart is our thorough market knowledge and the ability to convert our extensive experience into a research-backed plan of action. We call this plan the ParkTrent 7 Steps to Sales Success. Here’s what it involves.

ParkTrent 7 Steps to Sales Success:

  1. Detailed appraisal of your property.
  2. Identification of where your property sits within the market.
  3. Comprehensive research into sales in your area.
  4. Formulation of the best way to promote your property.
  5. Development of a plan to achieve maximum exposure for your property.
  6. Liaison with prospective buyers, including providing you with full and timely reporting of buyer interest.
  7. Negotiation with buyers to receive the maximum price for your home.

Completing the sale – a spotlight on settlement

ParkTrent is different from other real estate businesses. We are a full-service company, which means we assist with all facets of the sales process from our free appraisal through to completing all the documentation required for settlement.

There is often confusion and uncertainty surrounding the settlement process, but it is generally straightforward. Here’s an overview of what happens during this final stage.

Finalising contracts

The finalisation of contracts is usually handled by your agent. Both the seller and buyer sign and exchange the contract and this can be done in person or by mail. If an agent like ParkTrent handles the exchange of contract, we will deliver copies of the signed contract to both buyer and seller within two days. Neither party is legally bound to the contract until it is signed and exchanged.

It’s at this point that the buyer must pay a deposit, which is usually 10% of the property’s value.

It’s important to keep in mind that when selling via private treaty there is a cooling-off period of around 5 days (this period can be negotiated and is dependent on state regulations). During this time the buyer can pull out of the sale. The seller, however, does not receive a cooling-off period.

Settlement and finances

Settlement is the final stage of the sale and it occurs around six weeks after contracts are signed and exchanged. Settlement involves a payment of the balance of the purchase price. It is at settlement that all agency fees owed, including legal fees and advertising costs, are settled too.

For more information about selling your property, including information about fees, commissions and other related services, please contact your local ParkTrent Real Estate office. Alternatively you can call our customer service team on (02) 4225 2440 to be connected with a ParkTrent Real Estate agent in your area.

Free market appraisal

Want to get an idea of what your property is worth? Determining your property’s value gives you an idea of the amount you should achieve at sale time. It also provides a guide for accepting offers from potential buyers.

Our free market appraisal service includes:

  • An appraisal of market value based on recent, comparable property sales.
  • An appraisal of the property done by a qualified expert, authorised to provide real estate appraisals.

If you’d like to take advantage of ParkTrent’s free, no-obligation property appraisal, please contact your local ParkTrent Real Estate office or call our customer service team on (02) 4225 2440.

Frequently Asked Questions

Selling your home can be a complicated process, but at ParkTrent we make it easier. We’ve gathered some of the most common questions you need to ask as you move through the selling process.

Do you have a question? Let us know and we’ll share the answer on this page.

If you’re short on time, or this is your first time buying a home, a buyer’s agent can be useful. They’ll do thorough research on your behalf and will formulate a plan to find you the right property at the right price.

If you are an investor, the best time to buy is when there are more sellers on the market and buyers are scarce. If you are a home buyer, it is best to buy when you are financially able to and the conditions (interest rates, the market and government benefits) are in your favour.

Apartments are very popular with investors. They are also popular with young professionals, who want to live in inner-city locations or regional hubs.

There are advantages to both apartments and houses, though. It all comes down to your personal circumstances, budget, lifestyle and the motivation behind buying the property.

Yield is important for figuring out the estimated return of a property. In some central city areas, apartments are achieving over 6% yield on gross rent. These often also have higher costs associated with them, such as body corporate and council rates.  Most investors look for gross yields of around 5 to 6%.

While you don’t need a report, we strongly urge you get one. A building report will help identify your property’s problem areas. It can also be used in the future to negotiate a better price depending on what needs to be fixed.

When you choose to buy an apartment or townhouse, you’ll need to pay a body corporate fee. This fee goes towards the maintenance and upkeep of the entire building. Body corporate fees range in price for a luxury apartment. Body corporate fees are generally reviewed each year and they can increase in price.