Top 10 Tips for Saving Money when Selling Your Apartment

Selling an apartment comes with its own set of considerations. Here are our top 10 tips for saving money when selling your apartment:

1. Research Real Estate Agent Fees: Use a service such as the bRight Agent App to not just compare but actually REDUCE commission rates and fees charged by different real estate agents specialising in apartment sales. Negotiate to secure the best deal and consider agents who offer competitive rates without compromising on quality service.

2. Consider a Fixed-Fee Agent: Explore the option of using a fixed-fee agent who charges a predetermined fee for their services, regardless of the apartment’s value. This can potentially save you money compared to traditional commission-based agents, though not all agents will agree to a fixed-fee.

3. Declutter and Stage Strategically: Clear out unnecessary items and create a clean, clutter-free space to make your apartment more appealing to potential buyers. Consider strategic staging using your existing furniture or low-cost rental furniture to enhance the visual appeal of the apartment. The bRight Agent App can also help with negotiating lower fees for styling.

A well presented apartment is likely to achieve a higher sale price.

4. Optimise Online Listing: Take high-quality photos of your apartment or consider hiring a professional photographer. Craft a compelling description highlighting the unique features and advantages of your apartment to attract more potential buyers. The bRight Agent App can also help with negotiating lower fees for photography too.

5. Explore Targeted Advertising: Instead of spending on broad advertising channels, focus on targeted marketing efforts. Utilise online platforms, social media, and apartment-specific websites to reach potential buyers who are specifically searching for apartments in your area. The bRight Agent App can also help with negotiating lower fees for online advertising or full-service advertising.

6. Host Open Houses and Inspections: Conduct open houses and inspections yourself to save on agent fees. Showcase the best features of your apartment, answer questions, and provide detailed information to potential buyers directly.

7. Utilise DIY Legal Assistance: Research and consider using online platforms or DIY kits to handle legal documentation, such as the sales contract. This option can potentially save on solicitor or conveyancer fees, but be sure to thoroughly understand the legal requirements and seek professional advice when necessary.

8. Negotiate Vendor Reports and Certificates: In some cases, buyers may request vendor reports or certificates, such as building inspections or strata reports. Negotiate with potential buyers to share the cost or consider obtaining these reports in advance to present to interested parties, saving time and potential costs during negotiations.

9. Be Flexible with Settlement Terms: Flexibility with settlement terms can attract more potential buyers and potentially expedite the sale. Consider accommodating varying settlement periods or offering assistance with specific requests such as a smaller initial deposit to appeal to a broader range of buyers.

10. Plan Moving Expenses: Selling an apartment often involves moving to a new location. To save money, compare quotes from different moving companies, declutter before the move to reduce the amount of items to be transported, and plan your move during off-peak periods when prices may be more affordable.

Remember, while these top 10 tips for saving money when selling your apartment can help you save money, it’s important to assess each suggestion based on your specific circumstances and consult professionals such as bRight Agent to ensure a successful and smooth sale.