Selling a House without a Real Estate Agent

The concept of selling a house without an agent is catching up in Australia of late.  More and more people have started realizing that it is indeed much easier than going through the process with the services of real estate agents. The idea is to save on the agent’s commission. With some knowledge about the real estate market in your area and some negotiating skills you can achieve a good sale of your house without using an agent.  That is why private sales for just 2 percent of the property sale in Australia.

Listing Online

The most popular method of selling a house without a real estate agent is to list the property in the real estate portals.  Selling houses through the Internet is on the rise as it gets your house wider exposure and you can get enquiries from local, national and international buyers. Many of the websites do not charge any fee for listing your property.  They offer a cost free environment for both the buyer and the seller. These websites have a network of real estate investors looking for properties to buy and also the Australian families frequent these sites to find a suitable house for them. You can display professionally taken photographs of your house on the site and also have a virtual tour of the house posted there to attract genuine buyers quickly.  There are websites dedicated to sale of properties by owners known as For Sale by Owner (FSBO).  The websites are useful in many ways as they:
  • Can save you the agents' commission and other charges
  • Help you in marketing your property in a professional way
  • Enable buyers to find unique properties within a short time.
Before you advertise your house for selling, you have to prepare the house for sale.  This includes repairs, cleaning and organizing the papers and necessary certificates and reports.  You should also research thoroughly the local real estate market to determining the right asking price for your house.  For pricing your property correctly, you can also take the services of an independent licensed professional to do the valuation of your house.  Remember the price must include the various costs related to the house sale such as advertising, conveyancer fees for documentation, valuation fee and certificate for pest control, cost of repairs and renovations, legal costs and the necessary government fees.

You can announce the sale of your house by having ‘For Sale’ sign boards at strategic places in and around your neighborhood.  Most houses are bought by people from the same neighborhood of the property. You can also list the house in local ‘Craig’s list and local newspapers. You can also have flyers with details of the house with color photographs distributed and displayed at department stores and various clubs. You can reach out to the most potential buyers using these methods when you consider selling a house without an agent. You should also conduct the home showing without the distraction of children and/or pets. Be prepared to negotiate and also be willing to offer some incentives to the buyer when selling a house without a real estate agent.

Posted on Sunday, May 31, 2009 by Paul

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Categories: Real Estate

Tags: selling your house

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