Sell Your Own House

To sell your own house on your own without using the services of an agent is an important decision as you can save an enormous amount that you would pay as agent commission. At 3% the agent’s commission would eat into your equity in the house running into thousands of dollars. The average real estate agent’s commission is equivalent to 3 month’s earnings of the average Australian wages. Though it is a big responsibility the homeowners can sell their homes on their own easily if they care to educate themselves about the real estate market, current prices, procedures, legal requirements and marketing and negotiation skills.

You may seek the help of a licensed professional for valuation of your property and a conveyancer to carry out the legalities of the transaction. You must also get all the necessary paperwork ready before you advertise the sale. The pest control and other reports, mortgage, insurance and other reports showing the exact amount that remains to be paid must be kept ready and for this you will need a contract form that will be available with a solicitor.  People who use the services of real estate agents are those who lack the knowledge about real estate matters, what to expect and the confidence and the necessary skills.

There are many ways to sell your own home by yourself such as using dedicated websites that deal with home sale by owners. You can list your home in these sites free of cost with a detailed description of the house and upload photographs or even have virtual tours of the house. Your house can stay on their sites till it is sold.  For a small fee you can also have a virtual tour of your property in these sites. They also help you with advice and some other services like Conveyancing.  

You can alternative buy a “How to sell your own house” kit to find a buyer and achieve a fast and profitable sale of your house.  They contain instructions on how to prepare your marketing plan, how to write the advertisement, how to determine the price of the house, how to prepare the house, how to present the house in a positive light to the potential buyers, how to conduct inspections, how to handle phone enquiries and negotiations and objections.  In Australia there is a lot of support with cost effective solutions to sell your own house privately without an agent and save thousands of dollars.

Posted on Wednesday, June 10, 2009 by Paul

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