Sell – HKY Real Estate https://hky.com.au Local Perth Real Estate Agency Fri, 04 Oct 2024 17:41:25 +0000 en-AU hourly 1 How to Become a Real Estate Agent: Your Step-by-Step Guide to Success https://hky.com.au/blog/how-to-become-a-real-estate-agent/ Fri, 04 Oct 2024 17:41:25 +0000 https://hky.com.au/?p=217360 Have you ever wondered how to become a real estate agent in Perth’s booming property market? The Perth property market offers a wealth of opportunities for those interested in a career in real estate. Whether fresh out of school or considering a career change, becoming a real estate agent in Perth can be a rewarding and dynamic career choice.

This guide will explain the essential steps, qualifications, and tips for success in the real estate industry.

Overview of the real estate market in Perth

The real estate market in Perth has shown remarkable resilience and growth over the years, making it an attractive industry for aspiring agents. With a mix of residential, commercial, and industrial properties, Perth offers many opportunities for those interested in helping people find their dream homes, secure lucrative investments, or manage commercial properties. Licensed real estate agents act as the bridge between buyers and sellers, landlords and tenants, ensuring smooth transactions and providing expert advice.

How to become a real estate agent in WA

A career in real estate offers numerous benefits, including the potential for substantial earnings, a flexible work schedule, and the satisfaction of making a tangible impact on people’s lives.

1. Why choose a career in real estate?

  • Flexibility and independence: One of the most appealing aspects of a real estate career is its flexibility. Unlike traditional 9-to-5 jobs, real estate agents can set their schedules, making it an ideal career for those who value work-life balance. Whether meeting clients on weekends or working from home, you have the independence to structure your work around your life.
  • Potential for high earnings: Real estate is a commission-based industry, meaning your earnings are directly tied to your performance. While the initial stages of your career may involve building your client base, the potential for high earnings is significant once you establish yourself in the market. Successful agents in Perth can earn substantial incomes, especially in a booming market.
  • Opportunities for growth and advancement: The real estate industry offers numerous avenues for growth. As you gain experience, you can specialise in luxury real estate, commercial properties, or property management. Additionally, with the right experience and credentials, you can advance to leadership roles or even start your own agency.
  • Impact on the community: Real estate agents play a significant role in shaping communities. By helping people find homes or invest in property, you’re contributing to the growth and development of your local area. This sense of purpose can be incredibly fulfilling, knowing that your work has a lasting impact on people’s lives.

A smiling couple posing with a real estate agent in an unfinished home, symbolising the completion of a property purchase or successful home sale.

2. Educational requirements

To become a licensed real estate agent in Perth, you must meet specific educational requirements. The first step is obtaining the Certificate IV in Real Estate Practice (CPP41419). This qualification is mandatory for anyone wishing to apply for a real estate registration certificate or a licence in Western Australia.

Certificate IV in Real Estate Practice (CPP41419)

The Certificate IV in Real Estate Practice includes a range of units designed to equip you with the necessary skills for the real estate industry. These units cover topics such as:

  • Understanding property law and regulations
  • Effective communication and negotiation strategies
  • Marketing properties for sale and rent
  • Conducting property appraisals
  • Managing real estate documentation
  • Recognised training institutions in Perth

There are several institutions in Perth where you can complete the Certificate IV in Real Estate Practice. These include:

  • TAFE Western Australia: Known for its comprehensive courses and experienced instructors, TAFE offers flexibility in course delivery, including online and part-time options.
  • REIWA Training: The Real Estate Institute of Western Australia (REIWA) provides industry-recognised education with a focus on practical, real-world applications.
  • Private training organisations: Several accredited private institutions also offer Certificate IV, often with fast-tracked or intensive course options.

Continuous learning and professional development

The real estate industry constantly evolves with new regulations, technologies, and market trends. To stay competitive, it’s crucial to engage in continuous learning. Western Australia mandates Continuing Professional Development (CPD) for all licensed real estate agents, ensuring you remain up-to-date with industry standards and best practices.

3. Licensing Process in Western Australia

After obtaining the necessary qualifications, the next step is to apply for a real estate license. Here’s a detailed look at the licensing process in Western Australia:

  • Step 1: Enrol in an accredited course: Begin by enrolling in Certificate IV in Real Estate Practice at a recognised training provider. Ensure that the course you choose is accredited by the Australian Skills Quality Authority (ASQA) and meets the Department of Mines, Industry Regulation and Safety standards.
  • Step 2: Complete Required Training Hours: Certificate IV includes a practical component requiring you to complete specific training hours. This hands-on experience is invaluable, providing you with insights into the daily operations of a real estate agent and preparing you for the challenges of the role.
  • Step 3: Pass the final assessments: Upon completing the course, you’ll need to pass a series of assessments, which may include exams, assignments, and practical evaluations. These assessments ensure that you’re well-equipped to handle the responsibilities of a real estate agent.
  • Step 4: Apply for a registration certificate through DMIRS: Once you’ve completed your training, you can apply for a real estate registration certificate through the Department of Mines, Industry Regulation and Safety (DMIRS). This process involves submitting your qualifications, proof of identity, and a national police clearance. The registration certificate allows you to work as a real estate sales representative under the supervision of a licensed real estate agent.
  • Step 5: Applying for a real estate licence: After gaining experience as a registered sales representative, you may apply for a real estate licence, allowing you to operate independently or start your own agency. The application process includes demonstrating a certain level of experience in the industry, completing additional training (such as a Diploma of Property Services), and meeting financial and character requirements.

Maintaining and renewing the licence

Your real estate licence must be renewed periodically. In Western Australia, this involves completing annual CPD requirements and adhering to the professional standards set by DMIRS. Failing to meet these requirements can result in penalties or the suspension of your licence.

4. Essential skills and qualities

Success in real estate requires more than just formal qualifications. Several essential skills and qualities can set you apart in the industry:

  • Communication and negotiation skills: As a real estate agent, you must communicate effectively with clients, colleagues, and other stakeholders. Strong negotiation skills are crucial for securing the best deals for your clients and ensuring successful transactions.
  • Understanding the local property market: In-depth knowledge of the Perth property market is vital. This includes understanding market trends, property values, and the factors influencing buying and selling decisions. Keeping up with local news, attending industry seminars, and networking with other professionals can help you stay informed.
  • Customer service and relationship-building: Real estate is a people-focused industry. Building and maintaining strong relationships with clients is key to long-term success. Providing excellent customer service and going the extra mile can help you build a loyal client base and generate referrals.
  • Ethical standards and professional integrity: Upholding high standards and demonstrating professional integrity are essential for maintaining a positive reputation in the industry. Clients need to trust that you have their best interests at heart, and this trust is built through honesty, transparency, and ethical behaviour.

Smiling woman holding a folder in a modern office space with two colleagues in the background.

5. Gaining experience

Experience is invaluable in the real estate industry. Here’s how you can gain the practical experience needed to build a successful career:

  • Joining a real estate agency as an intern or assistant: Many new agents start their careers by joining an established real estate agency as an intern or assistant. This entry-level experience allows you to learn the ropes, understand the day-to-day operations of a real estate office, and gain insights from experienced agents.
  • Networking with industry professionals: Networking is a powerful tool in real estate. Attend industry events, join professional associations, and connect with experienced agents who can offer guidance and mentorship.
  • Participating in real estate events: Real estate events, workshops, and industry conferences are excellent opportunities to learn from experts, stay updated on the latest market trends, and expand your network. These events often provide insights into new strategies, technologies, and regulations that can give you a competitive edge.
  • Building a portfolio: As you gain experience, start documenting your successful deals. A well-curated portfolio showcases your expertise and can be used to attract new clients. Include case studies highlighting your negotiation skills, market knowledge, and ability to achieve favourable client outcomes.

6. Starting your real estate career

Once you’ve gained the necessary qualifications and experience, it’s time to start your career:

  • Creating a professional online presence: In today’s digital age, having a strong online presence is crucial. Create a professional LinkedIn profile, set up a website, and use social media platforms to showcase your services, testimonials, and success stories.
  • Marketing yourself and your services: Personal branding is essential in real estate. Develop a marketing strategy highlighting your unique skills, such as your deep knowledge of the Perth property market, exceptional customer service, or a proven track record of successful deals. Use a mix of online marketing, direct mail, and networking to reach potential clients.
  • Developing a client base: Building it takes time but is essential for long-term success. Focus on providing excellent service, keeping in touch with clients, and fostering relationships that lead to repeat business and referrals. Word-of-mouth and client testimonials are powerful tools in the real estate industry.
  • Staying updated: The real estate market constantly evolves, and staying informed is crucial. Regularly read industry resources, attend seminars, and participate in CPD courses to ensure you’re up-to-date with the latest trends, regulations, and best practices.

Happy couple celebrating their new home purchase, holding keys with a 'sold' sign in front of a modern house.

7. Challenges and how to overcome them

Every career comes with challenges, and real estate is no exception:

  • Common obstacles: New agents often face challenges such as building a client base, understanding market fluctuations, and dealing with competition. It’s essential to be patient and persistent as you navigate these obstacles.
  • Strategies for success and resilience: Develop strategies to overcome challenges, such as setting clear goals, seeking mentorship, and staying motivated. Resilience is key to thriving in the real estate industry.
  • Mentorship and guidance: Having a mentor can significantly impact your career. A mentor can offer guidance, share their experiences, and help you avoid common pitfalls. Don’t hesitate to seek experienced real estate professionals who can provide valuable insights and support as you build your career.

Ready to pursue a career in real estate?

Becoming a real estate agent in Western Australia is a rewarding journey that offers numerous opportunities for growth, independence, and financial success. By following the steps outlined in this guide – gaining the necessary qualifications, obtaining a license, developing essential skills, and gaining practical experience – you’ll be well on your way to a successful career in real estate.

Remember, the real estate industry is ever-evolving, and staying informed, adaptable, and resilient will serve you well. So, take the first step today and embark on an exciting and fulfilling career as a licensed real estate agent in Perth. Good luck!

Have more questions?

Get in touch

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Your Complete Moving Guide: Checklist and Tips for Moving House https://hky.com.au/blog/tips-for-moving-house-checklist/ Tue, 09 Jul 2024 05:12:13 +0000 https://hky.com.au/?p=211244 Moving can be a monumental task, but with the right tips for moving house, it doesn’t have to be overwhelming. Whether you’re a first-time buyer or a seasoned relocator, a strategic approach can make all the difference.

This article offers a detailed checklist alongside essential tips for moving house, designed to streamline your moving process from start to finish. We’ll help you prepare, pack, and settle into your new home with ease. So, let’s get started and make your move as smooth and stress-free as possible.

Planning your move

Stress levels could quickly rise when moving boxes start piling up and the deadline to move approaches rapidly. The secret to a smooth move is planning. We’re here to show you how to create a realistic moving timeline, breaking down big tasks into manageable chunks, whether you’re selling your current home or looking to buy your first home.

Thinking of selling? Take the first step – Request a sales appraisal today!

Request a sales appraisal

Importance of early planning

Early planning is crucial for a successful move. Preparing your house well in advance gives you ample time to address any unforeseen issues and ensures that everything is organised by the time moving day arrives. A good rule of thumb is to begin planning at least two months before your move.

Create a timeline

Stress levels could quickly rise when boxes start piling up and the deadline to move approaches rapidly. The secret to a smooth move is planning. Create a realistic moving timeline, breaking tasks into weekly goals to make them more manageable.

Budget for your move

Moving can be expensive, so create a budget to avoid any financial surprises. Consider all potential costs, including hiring movers, purchasing packing supplies, and any additional services you might need, such as cleaning or temporary storage. A clear budget will help you manage your expenses and keep your move within your financial limits.

Image of a professional mover, packing belongings in a box.

Preparing for moving day

Sorting and decluttering your belongings

Do you still have unpacked boxes from your last move? Before you start packing, take the time to sort through your belongings and declutter your home. Organise a garage sale, donate or sell items you no longer need or use. This reduces the amount you need to pack and makes unpacking easier and more organised in your new home.

Gather packing supplies

Stock up on packing supplies well before you start packing. You’ll need sturdy packing boxes, packing tape, bubble wrap, packing paper, labels and markers. Consider investing in specialty boxes for fragile items such as dishware or electronics. Having all your supplies ready will make the packing process more efficient.

Create an inventory of your items

An inventory list helps you keep track of your belongings during the move. Write down each item and its condition before packing it away. This will be invaluable if any items are lost or damaged during the move and can also help you prioritise which boxes to unpack first in your new home.

Visualise the layout

When preparing for moving day, review your home’s layout and map each room to the floor plan of your new home. Measure the dimensions of each room and furniture, to determine the best placement for each piece, ensuring everything fits perfectly. Mark the destination of each piece, to make it easy for movers to place items in the correct rooms.

Clear labels on moving boxes, indicating which room boxes are destined for during a house move.

Tips for moving house: Packing

Pack room by room

Imagine unpacking boxes in your new place, knowing where everything is because you packed room by room. Start with the rooms you use the least, such as guest rooms or storage areas. Using your map, label each box with the room it belongs to and a brief description of its contents. This will make unpacking much easier.

Label boxes clearly

Clear labelling is essential for an organised move. Use a permanent marker to label each box with its contents and room destination. Colour-coding boxes by room and priority can also be helpful for unpacking. Additionally, mark boxes containing fragile items to ensure they are handled with care.

Pack fragile items safely

Properly packing fragile items can prevent damage during the move. Fill any empty spaces in the boxes with packing paper or soft items like towels to prevent shifting. For extra protection, consider using double-walled boxes for fragile items.

Essential items to keep accessible

Pack a separate box or bag with essential items you’ll need immediately upon arrival at your new home. This might include toiletries, a change of clothes, important documents, and basic kitchen supplies. Having these essentials easily accessible will make your first night in your new home more comfortable.

Managing moving day

Confirm details with the moving company

Pre-move communication with your moving company is important, as it keeps everyone informed on the situation. Confirm your moving date, time and new address with your removalists a week or two before your move to allow buffer time for addressing any last-minute changes or unexpected situations.

For complex moves, contact them two to three weeks beforehand if you have bulky items, such as pianos, if you’re moving out of a high-rise building, or if you need storage.

Moving yourself?

If you’re doing the heavy lifting, you’ll need the right transportation to avoid unnecessary trips. Rent a suitable vehicle well in advance and check that you have all the equipment you need, such as dollies and moving blankets.

Preparing your old house

Before you leave your old place, do a final walkthrough to ensure that you have secured all the doors and windows, removed all of your possessions, and left the key with the new owner, landlord, or property manager.

Preparing your new house

On moving day, ensure your old and new homes are ready for the movers. Protect floors and doorways from damage by using covers or mats.

A 'Moving Checklist' showing tips for moving house with a red pencil.

Tips for moving house: Utilities and bills

Transferring utilities to your new home

Arrange to transfer your utilities, such as electricity, gas, and water, to your new home. Contact all your utility providers a few weeks before your move to schedule the transfer. Ensure that essential services at your new home are activated by the time you arrive.

Final metre readings and payments

Take final metre readings for your utilities and inform your providers. This will ensure you’re only billed for the services you used. Pay any outstanding bills to avoid any future complications.

Tips for moving house: Update your contact details

Update your address with key institutions

Notify key institutions of your address change. This includes your bank, employer, home and contents insurance, and any subscription services. Updating your address promptly will ensure you continue to receive important correspondence.

Plan ahead

Make a note to inform other organisations of your correct address at a later date. Online shopping, doctors and the electoral office are often not urgent, however, can easily be missed once the move is over.

Notify family and friends

Don’t forget to inform your friends and family of your new address. Send out change of address cards or use digital means to notify them. Keeping everyone informed will help you stay connected after your move.

Redirect your mail

So you don’t miss any important mail during the transition, get mail redirected to your new address. Australia Post offers a change of address notification service, along with a mail redirection service.

A woman sitting amongst moving boxes, happily reviewing her checklist and tips for moving house.

Tips for moving house: Settling into your new home

Unpacking tips for efficiency

When you arrive at your new home, start unpacking essential items. Then, unpack room by room, prioritising high-traffic areas like the kitchen and bedrooms. Finally, it’s time to unpack your personal belongings, photos, artwork and interior decor. This approach will help you settle in quickly and avoid feeling overwhelmed.

Make your new house feel like home

Personalise your new home by arranging furniture, hanging pictures, and adding personal touches. Creating a familiar and comfortable environment will help you feel at home faster and ease the transition.

Security and safety

Once you’re in your new home, prioritise security and safety. Change the locks, test smoke detectors, and familiarise yourself with the layout of your home in case of an emergency.

Get to know your neighbourhood

Take some time to explore your new neighbourhood. Introduce yourself to your neighbours, locate nearby amenities such as supermarkets and pharmacies, and learn the best routes for your daily commute.

Ready to make your move?

Whether selling your property or stepping into your new dream home, the journey requires meticulous planning and a strategic approach. Our tips for moving house are designed to make your transition as smooth and stress-free as possible.

At HKY Real Estate, we understand that moving is more than just a physical process – it’s a significant life event. Our experienced team of real estate agents and property managers are here to guide you through every step, from listing your old home to handing over the keys to your new one.

Take the next step with HKY Real Estate

Ready to sell your current home, or looking to buy in the vibrant Perth market? HKY Real Estate is your trusted local agency committed to helping you achieve your real estate goals. With a team of highly qualified professionals, we ensure that every part of your selling, buying, or moving process is handled with care and expertise.

Contact us today to discover how we can make your real estate experience exciting and utterly seamless. Let’s make your next move together!

Have more questions?

Get in touch

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25 Questions To Ask a Real Estate Agent When Selling Your House https://hky.com.au/blog/questions-to-ask-a-real-estate-agent-when-selling/ Thu, 28 Mar 2024 05:22:31 +0000 https://hky.com.au/?p=203631 Selling your home is a significant decision, so having the right real estate agent is crucial. The key to ensuring a successful and smooth transaction lies in asking the right questions to ask a real estate agent when selling.

This blog post will guide you through the 25 essential questions you should pose to your real estate agent. From understanding their sales strategy to grasping how they will communicate with you throughout the process, these questions will help you gauge their experience, expertise, and suitability for your property sale.

Whether you’re a first-time seller or a seasoned property owner, by the end of this post, you will be better equipped to select an agent who understands your needs and has the proficiency to sell your home efficiently and for the best possible price.

Thinking of selling? Here are 25 questions to ask a real estate agent

Now could be a great time. Australia’s housing market saw a positive start in 2024, with the CoreLogic National Home Value Index (HVI) increasing by 0.4% in January. This rise follows 0.3% increases in both November and December, marking a consistent 12-month period of growth. Better yet, Perth experienced the largest gains during this time.

The first step in your selling journey is picking the right real estate agent, who can secure the best possible price for your property with the least amount of stress.

Ready to sell?

Your home could be worth more than you think – find out today!

Request a sales appraisal

This guide will cover the top 25 questions to ask a prospective real estate agent when selling. These will help you uncover someone who aligns with your needs. Let’s get started.

A professional real estate agent hands over keys to a happy couple, a moment that highlights the need to question the agent's success rate and experience.

Experience and track record

To kick off our list of questions to ask a real estate agent, let’s dive into their experience and track record.

How long have you been working in real estate?

Experienced real estate agents deeply understand the local market and have a proven track record of selling properties. They can offer valuable advice on pricing, marketing strategies, and negotiation tactics.

How do you determine the listing price for a house?

This question will help you understand how the agent will determine an accurate price for your property. An appropriate listing price attracts potential buyers without underselling your home. Agents should consider the current local market conditions, comparable properties for sale in the area, and the unique features of your property.

For an accurate sales appraisal tailored to the Perth market, request your sales appraisal from HKY Real Estate.

Can you share some of your recent sale prices vs. listings?

Ask for specific examples of recent sales. This allows you to gauge the agent’s success rate and the accuracy of their pricing strategy. Look for an agent whose sales prices closely match or exceed their listing prices.

An open laptop displaying a colourful mind map that includes terms like 'Location', 'Market', 'Age', 'Improvements', and 'PROPERTY', suggesting questions to ask a real estate agent when selling.

Property valuation

Here are two essential questions to ask real estate agents when selling about property valuation:

How would you determine the value of my property?

An experienced agent will conduct a thorough market analysis, looking at location, property size, condition, and recent sales of similar properties in the area. This analysis establishes a competitive yet realistic price for your home.

Want immediate insight into your local market for a rough idea of your property’s value? View the HKY Real Estate’s Suburb Report now.

What factors could increase my property’s value?

Your agent might suggest minor renovations, staging, or other strategies to make your property more appealing to potential buyers. For example, a home with professional landscaping can sell for 15% to 20% more than a comparable property with less appealing outdoor spaces.

The image shows a stylish black and white 'For Sale' signpost, representing the initial step in marketing your property and prompting sellers to ask their real estate agent about listing visibility.

Marketing your property

Effective marketing draws in the right buyers and helps you secure the best possible sale price. Here are three questions to ask a real estate agent about marketing:

How do you plan to market my property?

A strategic marketing plan should include online and offline methods, such as listing on popular real estate websites, social media marketing, online advertising, open houses, and professional photography.

What unique marketing methods do you use?

Look for an agent who uses creative and innovative marketing strategies to make your listing stand out. This could include virtual tours, videos, or targeted social media ads.

How do you plan to make my property stand out?

The right agent will have a clear plan for highlighting your home’s unique features. This might involve staging your home a certain way, using high-quality visuals, or crafting compelling listing descriptions.

Financial considerations

Consider these essential financial questions:

What are your commission fees?

Knowing the commission rates helps you budget for the cost of selling. Find out what services are covered under this fee.

Are there any other costs I should be aware of?

Enquire about additional expenses such as marketing costs or staging. An upfront discussion about these costs will help you avoid surprises later on.

The image shows a phone and laptop screen with a property listing and interactive map, representing the digital sales strategy questions to consider when speaking with your real estate agent.

Sales strategy

A property sales strategy aims to sell a property quickly and at the highest possible price, incorporating elements like pricing, marketing, and timing. Here are two vital questions to ask a real estate agent when selling:

What is your recommended selling strategy for my home?

This will uncover the agent’s tailored plan for your property based on the current market, which may include an auction, a private sale, or another approach.

How long do you expect the selling process to take?

Getting an estimated timeline helps manage your expectations and planning, especially if you’re looking to buy another property concurrently.

An illustrated map highlighting a 'NEW LISTING' suggests a key question to ask your real estate agent about their awareness of the current listings and trends in your local area.

Local market knowledge

Test their knowledge with these questions:

How well do you know the local real estate market?

An agent with in-depth local market knowledge can offer valuable insights.

What were your last five sales in the area?

This question measures an agent’s success rate and experience in your area. Pay particular attention to the properties that are comparable to yours. Did they achieve a great price?

Identifying potential buyers

Reaching the right buyers is a must. Discuss the following with your agent:

Who is the ideal buyer for my home?

Understanding the target potential buyer profiles—whether families, couples, or investors—allows for a tailored marketing approach. This directs promotional efforts towards those most likely to show interest.

How do you reach and attract these potential buyers?

Experienced real estate agents use a 360-degree marketing plan to attract potential buyers. They leverage online platforms, social media, professional networks, and their mailing lists.

A close-up of a wooden house and magnifying glass, implying the detailed examination that occurs during property viewings and inspections.

Viewing and inspections

Viewings and inspections are potential buyers’ first impressions of your property. Here’s what you need to ask:

What is your strategy for property viewings and open houses?

An agent’s approach to viewings and open houses directly impacts the visibility and desirability of your property. They should have a clear plan that maximises exposure and accommodates potential buyers’ schedules, making it easy for them to fall in love with your home.

How can I make my home more appealing to potential buyers?

Suggestions include decluttering, repairs, repainting, landscaping, or staging your home to make it inviting. These tips can increase your home’s attractiveness to prospective buyers.

A line of white paper houses with a single red house standing out in the center, symbolising one of the questions to ask a real estate agent when selling is timing and market conditions.

Timing and market conditions

Current market conditions can influence your sale. With a strategic approach, you can take advantage of times when demand is high or supply is low for a quicker sale and possibly a higher price. Here’s what to ask:

Is now a good time to sell my property?

A knowledgeable agent can advise on whether it’s a seller’s or buyer’s market and how you can leverage this for a successful sale.

How long do properties typically stay on the market?

The average time on the market for similar properties in your area can set realistic expectations for your selling process. It also helps you plan your move and future purchases.

What is your strategy for adjusting if my house doesn’t sell quickly?

If properties are selling slower than anticipated, you need a plan. This could mean adjusting the price, ramping up marketing efforts, or making property improvements to increase its appeal.

A mature couple smiling while signing documents, with a real estate agent, capturing a moment of closing and negotiations in the house selling journey.

Closing and negotiations

Closing the deal is where your agent’s negotiation skills come into play.

How do you handle offers and negotiations?

An effective agent navigates offers and negotiations with your best interests front of mind. They should communicate transparently about each offer and guide you on the best response.

What is your success rate in closing deals?

This question provides insight into the agent’s efficiency and skill in concluding sales.

Competitive edge

Choosing the right agent gives you an advantage in the competitive real estate market. Here’s what to ask:

Why should I choose you as my real estate agent?

You’re looking for what sets them apart from others. This could be their marketing skills, local market knowledge, negotiation skills, or a combination of these factors.

Any additional advice for selling my house?

This open-ended question allows the agent to share further insights or strategies for selling your property. It’s an opportunity to benefit from their expertise and experience.

Get started with HKY today

Asking these questions can help you select a real estate agent who can sell your property for the right price.

At HKY Real Estate, our team in Perth is ready to guide you through the selling process with personalised attention and market expertise. Ready to sell? Let’s talk.

Have more questions?

Get in touch

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Staging a Home For Sale: How to Attract Buyers and Sell Faster https://hky.com.au/blog/staging-a-home-for-sale/ Fri, 12 Jan 2024 05:29:44 +0000 https://hky.com.au/?p=198631 As a homeowner or real estate agent, this blog is a must-read. A properly staged home is a proven strategy known to boost the appeal of your property to prospective buyers. In this guide, we explain the ins and outs of staging a home for sale and how to approach it when putting your house on the market.

Here, explore different aspects of staging, from tasteful decorating to strategic arranging highlighting your home’s best features. This guide will help you with tips and tricks to make your house stand out in a competitive real estate market!

What is home staging?

Home staging is more than just preparation to sell your property. Staging a home for sale is a marketing tactic involving styling and furnishing a house to enhance its appeal through strategic decor and furniture arrangements. It creates an inviting atmosphere that appeals to potential buyers. Home staging may range from declutters to full-scale redecorating and furnishing.

An immaculately staged house exterior with a modern design, showcasing a well-manicured lawn and a curated tropical garden. The inviting entrance and pristine white walls accentuate the property's appeal for sale.

First impressions matter

Curb appeal is the first impression many home buyers experience before stepping inside a house. Preparing your house for sale is not just for the inside. It starts outside. The level of attractiveness buyers feel for a property often begins from a street view and then heads inside—this includes online viewers. Most buyers will start looking online first, so if the home’s first impression is appealing, home buyers will continue to look and may schedule an in-person visit.

Decluttering is key

Decluttering is essential for successful home staging because it presents a property that looks and feels clean and spacious. Removing excess items and personal belongings creates a clean slate, allowing potential buyers to envision themselves living in the space. Decluttering helps a home feel bigger and enhances its attractive features, like crown moulding or other interesting details.

A minimalist home staging setup for sale, featuring a decluttered room with a stylish green mid-century modern armchair as the focal point. Beside it, a chic vase with a monstera leaf and a small wooden side table complement the clean and spacious feel, perfectly embodying decluttering and home staging for sale.

Neutralise and depersonalise

Neutralising and depersonalising your home is crucial in a diverse real estate market. Adopting a neutral colour palette helps create a blank canvas for potential buyers. Removing personal items like family photos, quirky art pieces, or unique decor will allow people looking at the property to envision their belongings in the space.

A neutral space creates an inviting option for a broad range of buyers without the risk of making anyone feel uncomfortable or like they may not fit into the community.

A master bedroom staged for sale, embodying a neutral colour palette that offers a calm and elegant atmosphere. Personal items have been removed to create a universal appeal, featuring a tasteful bed with white linen, complementary bedside tables with classic lamps, and a large window with blinds, all emphasizing the spacious and well-curated staging of the house for sale.

Highlight the home’s best features

When staging a home, it is important to highlight the home’s best features. Accentuating natural light by opening curtains, ensuring windows are spotless, and ensuring light sources are not blocked by furniture allows the area to be illuminated with sunlight and warmth.

Homes with unique architecture or design elements should be staged to draw attention to those features. Other tips include using mirrors to reflect light to enhance the space and arranging furniture to create a natural flow throughout the home.

Effective use of furniture

Minimise furniture without removing all of it. If you have bulky furniture in your living room or too many tables and chairs in your dining room, your space can appear smaller than it is. Finding the right balance using pieces that make the space feel comfortable and livable while optimising the natural flow and maximising the spaciousness of each room is critical when arranging furniture.

A well-staged living room, displaying a harmonious blend of minimal furniture that defines the space effectively. Strategic placement of furniture and tasteful decor illustrate a spacious and inviting environment, perfect for potential homebuyers.

Another important part of home staging with furniture is defining each space for potential buyers. If you have an empty room, add furnishings that show what the space could be used for. For example, a small room you use for storage may make a great baby nursery or a guest bedroom—help buyers see the full potential of rooms and imagine their future home.

Attention to detail: Accessorise

Details and small, thoughtful touches can elevate a home when staging it for potential buyers. Make your house stand out by adding elements like plush, colourful cushions, a coffee table book, or tasteful but neutral artwork.

Fresh flowers and indoor plants add a splash of colour and create a healthy, inviting atmosphere. Other details that add character and interest include thoughtfully placed books, candles, or decorative bowls on coffee tables or nightstands.

Close-up view of a bed in a staged home for sale, accessorised with carefully chosen cushions in shades of white and blue, adding a splash of colour and comfort. A striking piece of abstract artwork hangs above the bed, complementing the modern aesthetic. Warm lighting from a bedside lamp casts a cozy glow, illustrating the importance of accessories and artwork in staging a home for sale.

Cleanliness counts

A clean home is paramount when selling a home. Dust-free surfaces, sparkling clean windows, and immaculate floors reflect a well-maintained house. Cleanliness that can be felt as potential buyers walk through the door helps build trust and creates a welcoming, healthy atmosphere.

Use a professional cleaner to ensure the interior is free from allergens and odours, foul odours or allergens such as pet dander can hinder sales in a competitive real estate market.

Lighting

Maximising natural light sources is the first step in optimising lighting in your home. What about other lighting elements? Potential buyers will look at and evaluate all of your light fixtures. If you have an older house or standard lighting, consider swapping it out for something more modern with a bit more style.

While you want to create a blank canvas for potential buyers, you also want them to appreciate what you have to offer with the house as-is. Another critical lighting tip when staging your home is ensuring all light bulbs work. Check and change any light bulbs that are burnt out before showing your house.

A bright and welcoming kitchen staged for sale, with small upgrades that make a significant impact. The natural light from the window enhances the space, while the modern pendant lights add warmth. The room features a stylish grey concrete dining table with elegant white chairs, and a fresh bouquet centerpiece, illustrating the effect of good lighting and thoughtful touches in staging a home for sale.

Invest in small upgrades

When staging your home, some minor, affordable property upgrades add value and can quickly elevate your space—for example, framing the bathroom mirror using a DIY frame kit or changing out old hardware with newer, modern hardware. Other ideas include decorating with mirrors and applying a fresh coat of neutral paint.

Check out these additional ideas for small upgrades that make a big impact:

  • Upgrading window treatments
  • Changing door knobs.
  • Updating light switch and electrical outlet plates.
  • Adding fresh mulch to outside landscaping.
  • Steam cleaning tile grout.

Final touches

After decluttering, arranging furniture, and other significant staging efforts, it’s time to add some final touches to your home before potential buyers arrive.

Make a lasting impression on buyers using fresh flowers or potted plants throughout the house. Lightly scented candles or diffusers can fill the house with a pleasant, inviting scent. Other ideas include plush towels in the bathrooms and ambient lighting in appropriate places.

A sophisticated bathroom vanity staged for sale, featuring a sleek white basin atop a light wooden countertop against a dark tiled backdrop with a contemporary mirror. The scene is accented with a minimalist arrangement of bathroom accessories, including a diffuser and neatly placed toiletries, offering tips for staging for photos that enhance the appeal of the home.

Tips for staging for photos

83% of buyers rely on photos to determine which houses they will visit—staging your home for pictures is critical! Staging your home for photos is different than staging your home for visitors. While having bowls of fruit or fresh flowers is a good idea as potential buyers peruse your house, leave these things out of your photos.

  • Clear flat spaces like bathroom and kitchen counters, tables, and tops of bookshelves.
  • Hide all wires from TVs or other sources.
  • Clean everything from top to bottom.
  • Fluff the carpets.
  • Steam the beds to free them from wrinkles.
  • Lighting is key! Take photos when natural lighting is optimal, and turn the lights on inside!

Marketing the staged home

Marketing your home today starts online, and real estate staging makes a difference. High-quality photos are essential for showcasing your home’s best features and creating the best first impression to entice buyers to schedule in-person visits.

Social media and seller resources can help you have a broad reach and get the word out about your home for sale. Another important aspect of home marketing is writing a compelling property description, including all the important details about your home and property.

A focused image on a vibrant 'SALE' sign in the foreground, with a potential buyer and a real estate agent blurred in the background pointing towards a modern home. The scene captures the essence of marketing a house for sale, with the staging of the property implicitly suggested by the neat exterior and professional appearance of the agent and client.

Are you ready to sell your home in Perth?

Reach out to HKY Real Estate for expert guidance about Perth home staging and home sales. We understand the importance of presenting your home in the best possible light to maximise its marketability and attract the right buyers swiftly.

Our team of local real estate agents is experienced in the nuances of the Perth real estate market. Our selling agents can tailor a sales strategy just for you that aligns with your specific needs and goals. Contact us today for a property appraisal to start your home sales journey!

FAQs about staging a home for sale

Decorating showcases the owner's tastes and style, while home staging aims to neutralise the space, making it more appealing to buyers.

Consider home staging if you need to sell your home quickly or if your house does not seem to be attracting offers. Other reasons to consider home staging include whether your home is dated and empty or overly cluttered.

Home staging often leads to faster sales and higher offers.

DIY home staging is possible. However, professional stagers offer expertise in optimising spaces. Also, professional home staging services often have a storehouse full of items they can use to stage your home. A professional can take much of the pressure and guesswork from the staging process.

Yes, you can stage your home while living in it. It is a bit more challenging and may require the use of a storage facility to store extra furniture and personal items.

Have more questions?

Get in touch

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What is the Difference Between Valuation and Appraisal? A Guide to Property Value Assessments https://hky.com.au/blog/difference-between-valuation-and-appraisal/ Tue, 29 Aug 2023 13:48:40 +0000 https://hky.com.au/?p=178889 Are you wondering about the difference between valuation and appraisal? When it comes to property transactions such as buying, selling, or renting out a property, understanding the value of your property is a wise financial decision.

However, it is important to know that property valuation and appraisal are two different services that provide different results. Each process has a unique purpose and outcome, so understanding these differences is important if you are planning to buy or sell a property.

In this blog, you will learn the difference between a property valuation and a property sales appraisal, what each process entails, and who can provide each service.

What is a property appraisal?

Clipboard with 'Home Appraisal' written and various house related objects.

To begin, let’s define what a property appraisal is. An appraisal is an estimate of the value of a property provided by an experienced real estate agent. If you’re thinking of selling your property, an appraisal can give you a solid indication of how much your property could sell for, making it a valuable tool to have in your arsenal.

A real estate appraisal takes into account factors such as recent sales of similar properties in the area, the condition of the property, street appeal and any renovations or upgrades that have been made. If you’re thinking of buying or selling a property or refinancing your mortgage, you may need to obtain an appraisal.

Why would you need a property appraisal?

As a property owner, you may wonder why you would need a property appraisal. The answer is simple: It’s the best way to gauge the local market when planning to sell or lease your property. Although an appraisal isn’t a definitive value, it provides you with an estimate of how much your property could sell for. This information is crucial when making decisions about selling your property.

Property appraisals are an opportunity to gain valuable insights into your property’s worth if you are:

  • Considering an investment property purchase
  • Upgrading or downsizing your family home
  • Renovating and want to find out how your upgrades have impacted its value

Overall, getting a property or rent appraisal can be an excellent tool for sellers or landlords looking to understand the local real estate market.

Who can provide a property appraisal?

Over the shoulder view of real estate agent conducting a property valuation, wirting notes on a clipboard.

In Australia, property appraisals are conducted by licensed real estate agents.

When getting your property appraised, make sure to work with a local real estate agent who has a good understanding of the area and recent sales. Avoid using a real estate agent who normally works outside of your area, as they may not provide an accurate estimate.

At HKY Real Estate, we have a team of certified real estate agents who offer professional, accurate, and timely property appraisals.

When should you get a property appraisal?

While appraisals are estimates rather than definitive values, they are still incredibly helpful in gauging the local market.

As a homeowner, it’s important to know the value of your property, especially if you’re considering selling. That’s where a property appraisal comes in. Not only can it help inform your decisions when it comes to putting a selling price on your home, but it can also give insight into the current market and how your property stacks up against others in the area.

It is advisable to have a property appraisal conducted before listing your property for sale as it helps to determine a fair and reasonable asking price.

But appraisals aren’t just for sellers. If you’re planning on renovating your home, an appraisal can help you understand which upgrades will yield the greatest return on investment. If you’re in the market to buy an investment property, understanding the equity you have in your current property can be a valuable tool in your financial planning. Regardless of your situation, getting a property appraisal can provide clarity and confidence in your real estate decisions.

What is a property valuation?

A certified practising valuer conducting a property valuation.

Property valuations are performed by experienced professionals who assess a property’s market value based on several factors. They compile a detailed report which looks beyond just its location and size.

A qualified valuer inspects the property in person, taking into account important details such as zoning, land title, to the physical condition of the property itself. As well as identifying any easements or encumbrances.

Once the valuer completes their assessment, they’ll compile a comprehensive property valuation report that outlines the property’s true market value.

Why would you need a property valuation?

Valuations are essential for various reasons.

  • Looking to get a home loan, refinance, or calculate your equity? Market value is a key factor in determining the loan amount.
  • Are you going through a property settlement? A valuation can ensure that both parties are receiving a fair split.
  • If you need to prove the value of a deceased estate or are in dispute resolution, a property valuation is essential.
  • For property investors, it’s crucial to have a reliable valuation to ensure they are not overpaying or undervaluing a property.
  • Property valuations are also useful in cases of divorce, deceased estates, legal disputes, and insurance purposes.
  • If you’re selling or buying a property, a valuation can provide you with an accurate figure.

Who can provide a property valuation?

In Australia, a property valuation can be conducted by a licensed property valuer or a certified practising valuer (CPV). It’s critical to partner with a valuer who has experience in valuing properties in the relevant area and can provide accurate and impartial advice.

When would you get a property valuation?

A closeup of keys, model house and contract to convey the difference between valuation and appraisal when buying or selling property.

If you’re buying a house and planning to apply for a home loan, it’s highly likely that you’ll need to get a property valuation. These valuations are mandatory for most lenders, as they need to know the accurate value of the property before approving your loan.

Property valuations can also come in handy when dealing with family or partnership settlements, helping to ensure that all parties involved receive a fair deal. Additionally, a property valuation is often necessary when calculating capital gains tax or obtaining a building insurance policy.

Property owners should get their properties valued every three to five years, or when they plan to sell, refinance, or update their insurance policy.

Man pulling out a wooden block stating "PROPERTY VALUE" from a jenga tower.

Expert real estate appraisal for your Perth property

Understanding the difference between a property appraisal and a valuation is important when it comes to making wise financial decisions about your property. If you’re a homeowner, buyer, or landlord in Australia, consider obtaining a property appraisal or valuation to gain a better understanding of your property’s value.

If you’re in need of experienced professionals to help with your property appraisal, contact the team at HKY Real Estate for expert guidance and support.

Difference between valuation and appraisal FAQs

In general, property appraisals are free of charge while property valuations incur a fee.

Getting a property valuation is essential for several reasons. Here are some reasons why you should consider getting a property valuation:

  • To determine the market value of a property for sale or purchase.
  • To assess the value of your property for refinancing purposes.
  • To determine the value of your property for estate planning.
  • To establish the value of your property for taxation or insurance purposes.

Have more questions?

Get in touch

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How to Add Value to Your Property: What Upgrades Are Worth the Investment? https://hky.com.au/blog/how-to-add-value-to-your-property/ Fri, 26 May 2023 07:37:18 +0000 https://hky.com.au/?p=156190 Regardless of how the real estate market or the general economy is doing, well-maintained and spruced-up homes will sell much more than those not upgraded. However, not all property improvements are created equal. Knowing how to add value to your property can be quite challenging. Large projects, such as adding a conservatory, come with high rewards if you have a little more time and pocket power.

But small changes can also make an incredible difference and significantly increase the value of your property. If you are wondering how to add value to your home, here are some valuable tips to guide your home improvement journey.

Top 7 tips on how to increase the value of your home

1. Make a lasting first impression

You couple sitting on the floor doing home improvements.

Are selling your home? Then you need to create a lasting impression on potential buyers. Firstly, ensure your home’s exterior is beautiful and inviting. After all, this is the first thing property viewers see — good or bad.

Start by clearing anything that looks unsightly, tidy hedges, and consider giving your door and windows a fresh coat of paint if they look worn and tired. A fresh paint job can go a long way.

If you have a garden, it can be an excellent selling point if well maintained. However, if overgrown, it can also make the space look smaller and unattractive.

You can make the most of it by cutting the lawn, eliminating broken pots and other additions, weeding, and creating privacy with trees or trellis.

Replacing your old, dented garage door can also make a huge difference to the perceived value of your home.

2. Refresh your living spaces

Modern lighting can add value to your property.

When you think of selling your property, whether or not to renovate is one of the first questions that comes to mind. Minor upgrades can go a long way in improving your house resale value by up to 20-25% without hurting your wallet.

Simple, creative updates such as upgrading light fixtures, repainting, adding crown mouldings, a feature wall and incorporating trendy decor can help modernise your home.

Removing vertical blinds with sheer curtains allowing natural light flow is also a great, inexpensive upgrade.

This way, you will have a new, upgraded space without a complete tear-down.

3. Upgrade your kitchen and bathrooms

Kitchen renovations are a good upgrate that adds value to your home.

How do you add value to your home? A well-designed, functional, aesthetic kitchen and bathroom is an excellent place to start.

Note that kitchen and bathroom renovations can be costly, so invest in upgrades that guarantee a return on investment.
For your kitchen, work on improving your storage; updating, painting, and replacing cabinets; upgrading appliances; and replacing countertops.

When upgrading your bathroom, consider remodelling your bathtub or shower and upgrading your floor with ceramic or porcelain tiles, which are inexpensive, waterproof, and long-lasting. You can also consider upgrading your cabinets and vanity area.

4. Increase energy efficiency

With the emphasis on environmental safety and consciousness today, energy-efficient homes are quickly gaining traction and fetching incredible prices on the market.

Besides environmental protection, green homes help reduce utility bills and unnecessary maintenance expenses and enhance general comfort.

If you want to improve your home’s energy efficiency, you can upgrade your insulation, adopt solar power, and move to energy-efficient appliances. You can also consider upgrading your windows, which comes with the added advantage of adding economic and aesthetic value.

5. Outdoor living enhancements

Outdoor living areas add more value to your home.

Sure, various factors, including its location, square footage, and interior features, impact its value. However, having a beautiful, well-maintained exterior and a beautiful, functional outdoor living space counts too. Today, a creatively designed and well-maintained patio is estimated to increase your property value by 8-10%.

Other outdoor upgrades that guarantee a great return on investment include building a shaded entertainment structure and adding a fire pit or outdoor kitchen. You can also expand your outdoor space with decks and patios.

6. Investing in property maintenance

Invest in experienced property management to handle your home maintenance and improvements.

Wondering how to add value to your property? Thorough conducting regular inspections, maintenance, and upgrades is one way.

Besides increasing home value, maintaining your home in pristine condition through regular and quality maintenance will help you avoid potential code violations. Some common safety and maintenance tasks include safety checks, regular cleaning, asset repairs, and landscaping.

Remember to renovate and upgrade your home by installing modern appliances and technology. If you are leasing your property, tenants will stay longer, translating to more cash flow while maintaining and increasing your home value.

7. Know your market

Understand your local market and get design ideas to improve your property value.

Even if your property is in perfect condition, with excellent upgrades, the number of buyers and the nature of the market can affect your home value. Whether you are leasing out or selling your home in Perth, you want to know how to add value to your property.

But before anything else, research thoroughly and understand the current local property and market trends.

If there are many prospective home buyers with fewer properties for sale, then you are in a seller’s market. However, if the properties are more than the buyers in the market, understand that you are operating in a buyer’s market and adjust accordingly.

Analyse your prospective clients and determine their needs, wants, expectations, and how well the local market meets them.

If you want to know what the current value of your property is, speak to the trusted team at HKY Real Estate.

 

How to increase the value of your property FAQs

Whether you want to sell your property now or in the future, you are likely wondering how to increase property value. You can do this by thorough cleaning and decluttering, upgrading your living and outdoor spaces, repainting, increasing energy efficiency, and regular quality property maintenance. Analyse every potential improvement critically and go for the ones that will enhance your home value without stretching your budget.

Yes. A complete kitchen renovation project is worth your time, energy, and money. From adding a kitchen island and upgrading to bold cabinet designs to installing modern appliances, a kitchen renovation project guarantees a good return on investment. Whatever you go for, you can count on your upgraded kitchen to increase your home value.

  • Wrongly done DIY projects
  • Bad street appeal
  • Excessive clutter
  • Tired and worn-out decorations
  • Overgrown garden beds
  • Poor upkeep and unpleasant smells

Have more questions?

Get in touch

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