Get a head start on selling your home

We’re here to help make your next move easier. If you’re upgrading, downsizing or even investing, we’ve got hints, tips and tools to help you. The first thing to consider is: should you sell before you buy, or buy before you sell?

The pointers below could help you

Selling before you buy could be a good option if you’d like to know what budget you have available to put towards your new home. It also allows you time to look at various properties, before you make the important decision on your next home. If you don’t find a home you like before your existing one settles, you may need to rent while you look for a new place. Whatever your scenario, we can help you with information to help you through this process.

If you’re planning to sell before you buy, talk to your local Home Loan Specialist today for help, or check out our handy hints and tips.

Get a head start on selling your home

We’re here to help make your next move easier. If you’re upgrading, downsizing or investing, we’ve got hints, tips and tools to help you. The first thing to consider is: should you sell before you buy, or buy before you sell?

The pointers below could help you

Selling before you buy could be a good option if you’d like to know what budget you have available to put towards your new home. It also allows you time to look at various properties, before you make the important decision on your next home. If you don’t find a home you like before your existing one settles, you may need to rent while you look for a new place. Whatever your scenario, we can help you with information to help you through this process.

If you’re planning to sell before you buy, talk to your local Home Loan Specialist today for help, or check out our handy hints and tips.

Helpful hints and tips

An easy path to your new loan

When you sell your home, there are a few options to consider with your current home loan:

  • If you've found your next property and are looking to buy and sell at the same time, keep your current home loan to cover your next property by applying for a substitution of security‡‡
  • If you're still looking for your next property, pay out your home loan by going through the discharge process and applying for a new home loan when you find your next property

Ask a local Home Loan Specialist to help you identify which option is right for you and show you what you need to do.

    Discharging your home loan

  • To discharge your existing home loan, you’ll need to fill in a Home Loan Discharge Form here and submit it to your local Home Loan Specialist
  • We’ll send you a letter confirming that we have received your Home Loan Discharge Form and advising you of the proposed timings and next steps
  • Once your loan has been closed, we’ll send you a letter of confirmation
  • Check out the full process here.
 

Getting your place ready to sell

Make sure your place is presented at its best to achieve a great sale. Presentation tips to help sell your home:

  • Complete any outstanding repairs, painting or renovations that may add to the value of your home
  • Have a thorough clean and declutter, both inside and outdoors
  • Pack up and store any unnecessary items at your local storage facility
  • Keep only select furniture in your home or, alternatively, hire a staging company that can help you dress it up for sale
  • Work with your agent to create amazing photographs for your listing
  • When it’s time for your open home, fill your home with fresh flowers and candles, and consider the temperature and lighting to show your home at its best.

Choosing your sale method

Which of the three most common sales methods is right for you?

Auctions can be great for creating a sense of urgency, and generating competition amongst buyers. They can help give you some reassurance against a low sale price, plus allow you to set a sale price and terms to suit you. However, you may face extra costs like hiring a specialist auctioneer. You’ll also need to consider whether you’re limiting your pool of potential buyers to those who have their finances in order.

Private treaty can be a less intimidating process for your potential buyers, and this option could be less expensive for you. Private treaty also offers greater privacy, with specific details not open to the public. However, there’s no set time period, so you may have to wait for a buyer to choose your home. Plus, cooling off periods may apply, so the buyer could change their mind after the sale – or negotiate the price down from your set price.

With no listed sale price and all bids kept confidential, if you have a unique or hard-to-value home, the price can be driven up by a tender. You can choose to accept or reject the highest bid, and negotiate up from that point with one interested bidder. With a specified closing date, marketing costs can be kept down. However, the bids may be below your expectations, and with a shorter marketing campaign, there may be fewer interested buyers.

Why choose a St.George Fixed Rate Home Loan*?

With a Fixed Rate Home Loan, you’ll be able to fix your preferred interest rate for a certain period of time. You can even lock in the interest rate before settlement with our Rate Lock feature, giving you peace of mind in case interest rates go up in the meantime, plus you can:

  • Choose a fixed interest rate term of 1 to 5 years
  • Budget easily, knowing exactly what your monthly repayments will be
  • Re-fix your term at the end of the fixed rate term, or revert back to our standard variable interest rate
  • Choose to pay interest in advance on investment loans, and get 0.2% p.a. off the fixed interest rate for the interest in advance period

Why choose a St.George Standard Variable Rate Home Loan?

  • You can choose flexible repayment options with a great variable interest rate, plus terms up to 30 years for principal and interest or up to 15 years for interest based repayments
  • 100% offset facility – you could save on interest by offsetting the funds in your linked transaction account against the balance of your loan
  • Request to redraw§ funds from your extra repayments when you need to on eligible loans
  • Available for property, vacant land purchase and building

Award winning Home Loan help

On many of our Advantage Package Home Loans

On many of our Advantage Package Home Loans.

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