There are a number of factors that contribute to how fast a home is sold. From the current market climate, your listing price, the location of your home, its physical condition, if it’s move-in ready or not, and how long it has been listed on the market. But by following a series of simple steps, you could easily sell your home in as little as 7 days! Here’s how.
Step 1: Decide whether you’re going to DIY or engage a property agent
Many home sellers choose to conduct the transaction themselves, and you may be inclined to follow suit. While selling your home on your own precludes you from having to pay the usual 2-3% agent’s commission fee, it also means taking on all of the responsibility of a property agent — from marketing the listing, negotiating the price with buyers, finding buyers to negotiate the price with in the first place, and everything else in between for you to cash out, transfer ownership, and move into your new home.
But selling your home is going to be one of the biggest transactions you’ll make in life. While you can do it yourself to save money, there are many advantages to engaging a property agent. They’ll be able to dedicate a lot more time to the process, which can be quite complex, including plenty of financial and legal paperwork that has to be done correctly.
A property agent will also have in-depth knowledge of the property market and are experienced in dealing with buyers, from convincing them to bite the bullet and make an offer to negotiating the price so you can maximize the return on your property. And they’ll be able to tap on their network of past and existing clients and work with co-brokes to get your home sold.
Step 2: Find the right property agent to sell your home
But finding the right property agent is not as easy as it seems. There are more than 30,000 property agents in Singapore. Who has time to vet all of them?
Your friends and family will also have their own agent to recommend that’s either their friend, a relative you didn’t know about, or someone they’ve engaged with before that they think is the best. But there’s just no guarantee you’ll have the same experience as them.
So how do you figure out which one is the right one for you? Well, make sure they fit these criteria:
#1: Track record of selling a property like yours, be it an HDB flat or a private property, in the town you live in
You can go to the CEA Public Register and check the transaction records of any property agent you’re interested in engaging. The best thing about this is they will indicate the town the property was sold in, which will also give you an idea of not only which type of property they specialise in selling, but also the area where they’ve sold the most homes.
#2: Their previous clients recommend their service
Customer reviews are a godsend, especially if you’re deciding whether or not to hire an agent and pay a commission fee for something as crucial as selling your property. That’s not something you shouldn’t take lightly, so having access to what their previous clients have said about them and their service quality can bring clarity in what can be a stressful time.
You can find Ohmyhome’s customer reviews about our property agents on Facebook and Google. They have an average 4.9-star rating on Google and Facebook. We encourage you to check it for yourself.
Step 3: Get a home valuation
Before putting your home up for sale on a property platform like Ohmyhome, you should first get an accurate valuation of your home. This will help you understand how much your home is worth compared to other properties in the area, which will help you set a competitive asking price for your listing.
One way to get a home valuation, which is typically based on a number of factors like property type, location, average prices and more, is by getting a professional appraiser to conduct an inspection of your home. This ensures you’re not overpricing and scaring away potential buyers, or greatly losing out on profits by underpricing.
Another, more wallet-friendly (because it’s free) option is getting an Ohmyhome e-Valuation report, which will show you your home valuation after just keying in your property details, such as your address and so on. More on our e-Valuation system:
- Reliable data: We only use verified transactional data from trusted private and public sources to calculate your home’s e-Valuation.
- Up to date: We continuously train our e-Valuation technology to ensure it reflects the latest price trends in the market.
- Accurate estimations: Powered by a sophisticated algorithm, the system takes consideration of a high multitude of contributing factors for highly accurate estimations.
If you’re selling a HDB flat, you can also submit a ‘Request for Value‘ on the HDB Resale Portal and a valuer from HDB will visit your unit for a flat inspection. If you engage a property agent, he/she can submit the Request on your behalf. Take note that you can only submit a Request for Value to HDB after you have issued the Option to Purchase to your buyer.
Step 4: Get your home ready to take the best listing photos
Presenting your home in the best possible light is necessary to ensure you’re attracting the best buyers at the right prices. High-quality photography is essential in today’s age, as every other home would be competing for photographs of similar quality. They are, after all, the very first interaction your potential buyers have when browsing through listings. So having good photos for your home can increase your chances of making a good first impression via your listing.
READ MORE: How to Take Property Listing Photos Like a Pro – 8 Photography Tips From A Photographer
When taking pictures, focus on key selling points of your house such as the living room, kitchen and bedrooms. If your house has any unique selling features such as bathtubs or jacuzzis, those could be a great selling point as well.
A few tips to keep in mind are to get as much natural lighting as possible to make your home seem larger, more spacious. You should also declutter the house and organize a spring cleaning before taking pictures so they can have a better picture of what each area of the house looks like, which will help them envision their life there much easier.
Should you decide to engage a property agent, Ohmyhome has the rest of the market beat. Ohmyhome agents are trained in property photography by in-house professionals, so they know how to take advantage of natural lighting, what the best angle is to show the spaciousness of your unit, and which specific features in your home to highlight in the photos to attract buyers. They will also do a video tour of your home via Matterport, an advanced type of video tour, so your buyers can do a virtual walkthrough of your home from the comfort of theirs.
Step 6: List your property on Ohmyhome
Now that you have a presentable set of professional photos so your property now resembles the ultimate dream home – now it’s time to list your property.
There’s a variety of listing options available to you in Singapore, but here’s the thing: most of them require you to pay to list your properties, some sites only allow agents and agencies to post a listing.
With a property portal like Ohmyhome, you can post listings directly on the app for free. Your listing will be accessible via the app or our website, which home seekers can easily find. With a single listing, you could instantly tap into thousands of people looking for houses, condominiums, apartments and HDBs just like yours.
Download the Ohmyhome app here.
Step 7: Find the right buyer
The most crucial thing about this whole process, though, is finding the buyer who’s willing to purchase the home you’re selling at the price that you want. And matching your home to the right buyer may very well be the hardest part of the job for property agents.
And not everyone has access to the kind of technology that automatically does the seller-buyer matching for property agents, making it that much quicker for your home to be sold to the right buyer.
We’ve compiled a list of buyers’ preferences from this short questionnaire, which is easily accessible on the Ohmyhome website, that asks a series of questions ranging from a buyer’s budget to the location. This information is fed into an algorithm that matches sellers with buyers by sending the listings that match a buyer’s preferences directly to the buyer’s inbox.
What’s even better is that these buyers are not just casually shopping around for a home. They are actually ready to make a purchase if they find a unit that matches their preferences.
So when you engage Ohmyhome services, your listings have a higher chance of getting viewed by ready buyers who may call for viewing at any time.
Sell your home fast and at the best price!
With Ohmyhome, not only are our agents CEA-certified and among the Top 1% in Singapore, they’re also experienced, professional and well-connected in the exact area your property is in. And they can sell your home in as little as 7 days.
So sell your home with us for a high price in no time, hassle-free. With more than 8,000 happy customers served, we’ve garnered 4-star ratings on both Facebook and Google! Because at Ohmyhome, we‘re always by your side, always on your side.
You can contact us via our Live Chat, Whatsapp, or fill up this form to book a free consultation with our knowledgeable and experienced in-house agents who have a track record of transacting more than 70 homes every year.