How to Go About Private House Sale

A private house sale means the owner of the house handles the sale of his home by himself without the help of a real estate agent.  When a property is offered for sale directly by the owner the sale is referred to as FSBO.  The owner does not incur any sales commission on the sale of his house. In this case the house owner takes care of all the work related to the process of marketing, advertising and selling on his own. Several sites are dedicated to the FSBO listings to help home owners sell their properties in Australia.  

You have many options to sell your home without using a broker. You may:
  • List your house on many web sites dedicated to FSBO sale of homes.  There are many sites where you can add your home for free in their listings.  You may also use the free classifieds in your neighbourhood. You may have to pay a charge to add your home to the listings with photographs and descriptions on these sites. Some other sites may charge a fee for the listing and may offer guidance and advice.  
  • You can make a video tour of your house and post it on YouTube.com as well as Google video.  You can tell the viewers about the good points of the house and other features of the house.
  • Arrange for an auction of your house.  You need to advertise the sale for a minimum of 2 weeks.  You should have not less than 50 signs announcing the sale.
  • Print some door hangers for the neighbourhood describing how the house is great to buy, along with your contact details.  Put them up on all in your area.
  • You can also have flyers printed and have them available at shopping centres and parking lots.
  • You can look for local real estate investors by searching in Google using “we buy houses” as the keyword. Many real estate investors or real estate investing companies will be interested in private house sales.  They buy houses in any condition so you need not worry about the termites, mould or any damage etc.
Once you decide to sell on private house sale, you have to know a lot of information. You must know the local market, the demand and the current prices of houses similar to yours being sold and the legal procedures and charges. You can find out the selling price of similar houses recently sold by making enquiries with a few real estate agents in your area.  The actual sold prices will be far below the listing prices. You should get a licensed, independent professional to get the valuation of your house.  You must remember to price your house after taking a look at your house through the buyer’s eyes. You should also make repairs to the fittings and fixtures and clean the entire house and make it door free and stain free. Remove excess furniture to make the house look spacious.  Ensure that you make a good first impression in the minds of the potential buyers about the house. Use your negotiation skills and make sure the paperwork is done carefully.

If you are sure and confident of following all these steps, you are sure to achieve a good private house sale.

Posted on Wednesday, August 05, 2009 by Paul

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