You have decided to sell your home privately. This is good decision in the current economic situation as you can save thousands of dollars in agent’s commission. The commission usually is 3 percent of the sale price and is equivalent to 3 month’s earnings of an average wage earner in Australia. If you educate yourself on the market condition in your area, current prices, legal requirements, procedures and marketing and negotiation skills. There are plenty of tips and advice available from experts online and you can research well and get ready with all the preparations for selling your home privately.

Pricing your home

For pricing you home you can review the current listings of similar homes in your neighbourhood and get a fair idea to set a realistic asking price. It should not be too high to make people disinterested. Too low a price should be avoided as buyers will stay away thinking that something is wrong with the house. Get the prices of sold houses in the area and compare these prices to arrive at a price for you home. This market analysis will help you in selling your home privately.

Prepare the house for sale

For selling your home privately, carry out any repairs needed on the exterior and interiors of the home and repaint wherever necessary and fix cracks, leaks and any flows that may affect the sale of your home. You should also create a good curb appeal as the best first impression is crucial to sell a home.  Have your windows sparkling, weed the flowerbeds and mow the lawn, clear all clutter and make the driveway clean and inviting. On the inspection day keep your pets away and have the TV, Radio etc switched off to avoid distraction.

Have paperwork ready

If you work proactively and keep relevant paperwork for the potential buyer to check, it would help them to make the buying decision fast.
•    Keep the records of all paid utility bills such as electricity, water and sewerage etc. including the latest tax reports.
•    Reports showing the payments made towards mortgage, insurance etc.
•    Inspection reports on pest control and any relevant document
•    Declarations and deed restrictions
•    Papers showing repairs done to building components or appliances
•    Items that are included in the sale of the home and those that are not
•    Keep ready the payment arrangements for transfer of taxes and other financial requirements.

Using Home buying service

In extreme situations like an impending foreclosure, relocation, divorce or death in the family requiring immediate sale of the home, you may not have the time to go through the conventional method and would like to sell your home fast and may need cash to get on with life. There are many ‘we buy homes’ firms that help you in selling your home privately fast without the help of a real estate agent or listing with the real estate companies that involve lengthy procedures and haggling with buyers. These firms buy your house in any area and in any condition and pay cash within a short time such as a week.

Selling your house privately for a good price is really achievable with all the tips and advice you get on the internet.