Selling your Property - The 1 Month Rule

If you are considering putting your property on the market, then the best investment you can make in preparing for sale is the investment of time.

The ‘1 Month Rule’ essentially means setting aside sufficient time to take care of all the little things that together, will make a big difference to how long your property takes to sell and ultimately the price you are able to achieve.


Use this month to:

• Know your competition - Grab a pen and paper and hop in the car. Go for a drive around the streets near to your property and see what else is for sale. Make some notes about each property, which agency is selling it and how it looks from the street. Follow this up with some internet research about Listed Price/Bedrooms/Bathrooms/Car Spaces & land size and you are well on your way to having a realistic picture of what your own property is worth. 

• Know your Product – Starting with a drive by & following with a walk through of your own property, use a critical eye to start a list of every potential improvement that could be made to improve the appearance of your property. Include big ticket items and small, but use your knowledge of the appearance of the competition in your area – not your experience of living in the property to guide you.

• Set a budget – How much can you afford to invest in the preparation of your property for sale? Be realistic. You may not need to spend all that you can afford and you may be able to reduce the outlay required by supplying a bit of the elbow grease yourself; however it is critical to have an affordable figure to start with.

• “Interview” some agents – Arrange for appraisals to be conducted of your property. Use these meetings to get a feel for who you like, get feedback on suggested preparations and ascertain a sale value and strategy. Agents are wealth of knowledge about what sells and what doesn't – make use of it! Compare your findings with what you learned from you own research.

• Make a Plan – You may benefit from professional advice to help you with this step. Not every item on your list may need to be completed. Once you have established what needs to be done to prepare your property for sale – set about doing it or engaging someone who will. Areas to consider include repairs & maintenance, cleaning, de-cluttering & furnishing.

We would love the opportunity to assist you prepare for the sale of your property. For more information regarding 3 Pea’s Property Styling services and past projects please go to the website, www.the3peas.com.au or contact me directly on 0438 344 282 or at jo@the3peas.com.au.

---