PRIVATE SALE REAL ESTATE
A step-by-step guide to the Private Sale Real Estate method:
Step 1: Decide on an asking price
This is something thats usually done between the Real Estate agent & the Home owner, however it’s perfectly fine (and easy) for you to set your own asking price.
The key here is to do your research; go to the ‘SOLD’ section of realestate.com.au & see what similar properties are selling for in your area. This is exactly what Real Estate agents do when they are determining an appropriate list price for your home.
You can visit the SOLD section of realestate.com.au by clicking this link & inserting your property suburb.
Step 2: Give your home a tidy-up
If you’re selling your Home privately then your time is money! By having your house tidied & ready to go (perhaps with a fresh lick of paint here and there), you’ll be making your house much more sellable.
If you do decide to paint, only use neutral colour schemes, that light-coloured shade of green and purple that you love soo much, probably isn’t going to appeal to the general population. Here’s a link to the Bunnings website to help you pick out a nice theme sell your home.
Step 3: Start advertising your Home
According to research, most buyers are likely to move between 5 and 15Km’s away from their current homes. This means that if you’re selling your privately, the most likely buyers are going to be someone in your area!
Step 4: Arrange viewings
It is usually the job of the Real Estate agent to organize inspections & viewings, however this is incredible simple to do. Whenever a buyer calls or emails you, simply arrange a day and time that they buyer can come & have a look at the house.
Most buyers appreciate you letting them look around the house on their own, as a lot of buyers feel uncomfortable with the owner or agent standing over their shoulder.
It’s best to just greet them at the door, briefly explain where the bedrooms and living areas are, and let them walk around at their own pace. Most inspections only take between 10 to 20 minutes.
Step 5: Negotiate a price
The most important part here is to decide how much you are willing to accept beforehand, and focus on not going below that figure.
Don’t worry too much if you have to turn down an offer; it’s really quite common, and so long as you do so in a friendly and cordial way then you will still be leaving the door open just in case the buyer decides to come back later with a revised offer.
Step 6: Accepting an offer
This will usually be done verbally in the first instance, but be sure to ask the buyer to send written confirmation via email or post. This won’t be legally binding (nothing is until the exchange of contracts) but the bigger the paper trail the better. Usually ‘Sale By Home Owner’ customers get the buyer to fill out or letter of offer form which can downloaded Free from the website.
SELL YOUR OWN HOME
The Private Sale Real Estate industry in Australia has taken off in recent years with more and more Home owners opting to Sell without agents. Houses For Sale By Owner can be seen on realestate.com.au & other websites by easily creating a listing with SaleByHomeOwner.com.au.
(Salebyhomeowner.com.au a fully licensed Real Estate agency customer of realestate.com.au)
SELL WITHOUT AN AGENT
Selling your own Home is incredibly easy & is an excellent way to save thousands of dollars on your property transaction. Real Estate commission in Australia varies depending on each state, if you're looking to Sell your House privately, or looking at Selling a house without an agent through our 'For Sale By Owner' service, you can expect to save on average between $10,000 to $18,000 in Agents commission.
Contact the 'Sale By Home Owner' customer support team via email here or phone 1300 609 392 for more details.
So what are the main benefits to using the ‘Private Sale Real Estate’ method of sale?
- You save thousands in commission and expensive advertising fees (average saving is $17,000).
- You pay no commission on selling your House – ever.
- The owner stays in control, and don’t sign any lock in contracts.
- You deal direct with the buyers. There is no Agent or middleman.
- Buyers will generally prefer to deal directly with you, the home owner.
- You can sell quickly without working to the agent’s schedule.
- You make all the decisions – you’re not restricted to what the agent demands.
- As theres no agent costs, you can potentially save tens of thousands of dollars.
- You can hold your own Open Homes & viewings whenever you like, for as long as you like.