Browse Forums Real Estate Re: Anyone sell their own property (no agent)? 21Dec 10, 2009 2:09 pm How the hell did I become a senior member!? I know nothing! Re: Anyone sell their own property (no agent)? 24Dec 11, 2009 2:06 pm How the hell did I become a senior member!? I know nothing! Re: Anyone sell their own property (no agent)? 26Dec 12, 2009 4:15 pm How the hell did I become a senior member!? I know nothing! Re: Anyone sell their own property (no agent)? 30Dec 28, 2009 9:12 am kaindec As you are in Qld you will need to also complete a Sustainability rating post Jan 1 2010 as this will be law. I am thinking of selling myself but in the past have sold two properties through RE. I would use an independant where you can deal with the proprietor as this way he can reduce the comm's as his overheads are less. Other cost savings include - Dont put a picture sign out the front - saves you 500.00 as they can see on the web and no one does drivebys looking for houses in this day and age. Dont advertise in print, again everyone looks at the web these days. Set you price 10k than you actually want and tell them that this is the minimum. Dont tell them of you circumstances unless you dont have to sell, they will use this against you. Therefore dont tell them you have to sell wthin 60 days as they will work this into the buyers favour after an offer comes in less and they will always will come in less than your advertised price. Ensure they submit all offers to you as soon as they arrive and not at 6.30 that night as your window for negotiation has deminished somewhat. You advise the time your house is open for inspection not them, set it after or before the other 6 at 11-11.30. Dont hum and har when someone makes an offer you are not happy with, tell them straight and dont listen to the " I think we should take rubbish" I have both times said no and sold for more than I was told for through the same buyer. I paid 12k comm on a 585k sale (and kept the dishwasher) we were looking for 580k so in the end it was worth it and sold in 2 weeks. The first I paid 13k on a 440k sale and sold on the first day which was when I said next time I will dictate the terms of how we sell and for how much. In the end it all depends on your circumstances, if the market for your property has low stock then it is a good time to sell as we waited a month until there we houses over priced and few of them to make our house look attractive. The others were still on the market 3 months later. Good luck Sorry, and dont go exclusive. There is absolutely no benefit in doing so. If they say they will put more effort into it show them the door as you want maximum effort from the get go. Re: Anyone sell their own property (no agent)? 31Dec 29, 2009 5:52 pm kaindec I would use an independant where you can deal with the proprietor as this way he can reduce the comm's as his overheads are less. Other cost savings include - Incorrect. Independents have less buying power, thus their prices are higher. For example, the fee for an independent to use http://www.realestate.com.au if FAR higher than, say Ray White. Dont put a picture sign out the front - saves you 500.00 as they can see on the web and no one does drivebys looking for houses in this day and age. You are being ripped off if you are paying $500 for a standard photo sign board, it’s been proven to help as a photo of the inside and or a notable point of difference can be seen, without wasting everyone’s time. The days of driving around a suburb are long gone, the days of people printing off the Open For Inspection list from http://www.realestate.com.au and seeing just how much poetic license an agent has used are still strong however. Dont advertise in print, again everyone looks at the web these days. Not 100% correct. Your smaller, area selected print media is stilling bringing a huge amount of enquiry into an office. The Courier Mail for example is a waste of money. Ensure they submit all offers to you as soon as they arrive and not at 6.30 that night as your window for negotiation has deminished somewhat. This isn’t always possible. I work inner city and I can assure you, people who also work inner city, in my experience are viewing properties after work and offer’s are being put on paper well after hours. Sorry, and dont go exclusive. There is absolutely no benefit in doing so. If they say they will put more effort into it show them the door as you want maximum effort from the get go. 100% incorrect, unless an agent has a genuine buyer on their books, if you list with 3, 4, 5 agents no one will take responsibility for the listing. It will become stagnant in the market, the market will question why it hasn’t sold and an agent won’t want to do open for inspections when 3 other agents have it – who simply will not coordinate with each other on who’s doing an inspection and when. I understand your point, but a lot office's just won't even take on an open (policy). As someone who has worked in the industry for quite a while, I can assure you selling your own property may seem appealing, however could take longer or even result in a lesser price. But there has always been exceptions to this and everyone should be doing their own research. It’s not hard to see what agents are getting listings and selling them and what agents aren’t. It’s been proven time and time again that buyers do not like deal with the home owner. EG: Mr and Mrs home owner have priced their property at $450,000. But the highest price for the street is only $420,000. Buyers want to offer $385,000. It’s an uncomfortable situation and one a buyer more often than not feel uncomfortable with. Even at times Mr and Mrs home owner could get offended. There will always be pro’s and con’s. Most of the time, the agent in question will only be getting 30% - 40% of the total commission being charged, people forget – If we charged out the hours spent working on each individual property the bill would far exceed what the commission would be. In this day and age, with cut price, half-bit agency’s offering capped rates and free marketing sellers are in the best position to sell with a professional. You are in control of the agreement, ask for more and get it in writing. You all have to remember, it’s your property you never ever have to sell for the offer on paper, if an agent tells you they have buyers ready and they need you to sign a 22a to legally take them through, you always have the choice to limit the time on the agreement. Plus, if they have a buyer, why on earth would they require marketing money, or even need to put it on the internet!! If the agent does in-fact have people on the books give them a 2 week agreement to get them through, that’ll sort out the BS`ing agents from the genuine one. I for one, if I have someone have signed 48hr "open" 22a's, i've gotten my people through, if no one from my data base were interested it's no loss to anyone and no cost. It's pretty simple.. Re: Anyone sell their own property (no agent)? 32Dec 29, 2009 5:56 pm Josh_G If the agent does in-fact they have people on the books give them a 2 week agreement to get them through, that’ll sort out the BS`ing agents from the genuine one. Best real estate advice I've ever come across. Don't be afraid to deal with an agent; as in "do a Deal" with them. If they tell you dream stories to get your business, coming up with a tactic to get them to follow through on those promises is the best strategy. Saves you peace of mind, money and heartache. - Land registered 27/11/09, settlement 22/01/10 - Currently doing the rounds of display homes. Re: Anyone sell their own property (no agent)? 33Dec 29, 2009 6:03 pm Josh_G, you are spot on. It's the people in this world who have had one bad experience, or have had one lucky break trying to sell their own home (such as people in this thread who conveniently disappear) that like to 'bash' real estate agents and the service they provide. If the service was not necessary, it would not exist. Re: Anyone sell their own property (no agent)? 34Dec 29, 2009 6:16 pm I don't have anything against real estate agents (which is probably a good thing consider i have a few very good friends who are agents!!). There's good ones and there's bad ones. However they're pretty biased as to who can sell your house the best. An agent will say that "they" can (i take it JoshG is an agent as well as you Dilla?) If i ever sell my place i'll do it myself. So many people i know have sold their own houses with minimal effort, and the savings are brilliant (i know that i would have preferred to keep the $13,000 that I paid to my agent for selling my home). viewtopic.php?f=31&t=22766 - my build thread! Time waits for no man. Unless that man is Chuck Norris. Re: Anyone sell their own property (no agent)? 35Dec 29, 2009 6:29 pm Biased or not, they know what’s actually sold for what price, when it sold and how many day’s on market it took to sell. As a private seller, you cannot use http://www.realestate.com.au which as we all know is one of Australia’s biggest tools in selling property. So, you’ve just lost a potential 80% of buyers by not being able to use that. You’re now limited to public price classified ads, and private seller web sites, which don’t really generate that many hits/enquiry to be honest. Would you rather sell your house in 4 weeks? Or 8 weeks? Remembering you have the power to limit the agreement and “barter” hard due to the influx of cut price agencies and agents offering to pay some or even all the marketing. Not to mention an agent, by law has a duty of care TO YOU. Not the buyer. I guess the main point I was making is, very few people like dealing with the owner direct. If you are someone who won’t get offended easy, give it a go as there is no denying you do in fact save money.. To a degree. Whether you get the best price in the shortest time is another story Re: Anyone sell their own property (no agent)? 36Dec 29, 2009 6:33 pm Josh_G As a private seller, you cannot use http://www.realestate.com.au which as we all know is one of Australia’s biggest tools in selling property. I don't deny that reaestate.com.au is a fantastic website. Unfortunately it suffers a slight problem of never being kept up to date (as in homes being taken off the market/sold etc). Either way, I believe more and more people will turn to selling their homes themselves and realestate.com.au will start to cater for them. viewtopic.php?f=31&t=22766 - my build thread! Time waits for no man. Unless that man is Chuck Norris. Re: Anyone sell their own property (no agent)? 37Dec 29, 2009 6:46 pm Jodie80 Josh_G As a private seller, you cannot use http://www.realestate.com.au which as we all know is one of Australia’s biggest tools in selling property. I don't deny that reaestate.com.au is a fantastic website. Unfortunately it suffers a slight problem of never being kept up to date (as in homes being taken off the market/sold etc). Either way, I believe more and more people will turn to selling their homes themselves and realestate.com.au will start to cater for them. I can promise you, that www.realestate.com.au will never in the immediate future have an option for private sellers to list properties for sale in the same section that real estate office’s list them. I know for a fact what the 2010 upgrades are and the money they make Vs what they would lose if that option was available make's it not a viable business move. It’s a contracture agreement that all real estate offices MUST keep their stock up-to-date. Failure to do so, re listing an old listing (that wasn’t a genuine new listing), bait advertising (not putting sold on a sold people) and the likes can face removal from being able to use the site. www.realestate.com.au has a zero tolerance policy, consumers are encouraged to list/report any concerns and complaints, plus a property that is genuinely sold, not just under contract must be listed as sold, otherwise Fair Trading can and does have a felid day with issuing fines. Re: Anyone sell their own property (no agent)? 38Dec 29, 2009 6:49 pm And you work for? viewtopic.php?f=31&t=22766 - my build thread! Time waits for no man. Unless that man is Chuck Norris. Re: Anyone sell their own property (no agent)? 39Dec 29, 2009 6:55 pm I don’t pay to advertise on this site, so will not be posting business names I am connected to. I have no personal connection to www.realestate.com.au, but can assure you that private sellers will not have that option, fact not fiction. Re: Anyone sell their own property (no agent)? 40Dec 29, 2009 7:02 pm To give you an idea of the sheer amount of money www.realestate.com.au makes, to have business banner advertising in an inner city Brisbane suburb cost’s approx $25k PA. More in higher population suburbs, the pricing in certain area’s in Sydney for example far exceed most incomes of people. This isn’t even taking into account what the subscription costs are, guaranteed top spot subscription, feature property subscription costs and so forth. The amount of money the big franchise office’s spend with them are just plain scary. It’s not feasible to offer a private seller listing option as agents and offices will walk. www.realestate.com.au knows this. They are a business not a charity. Not much in this responce. My suggestion is, what are you looking to build and why. This will all be impacted by the local councils planning scheme. Familiarise yourself… 6 6193 Use a product like Equisol's Vitalise to clean the deck then coat with a penetrating timber oil. It will look 10 years younger and add value to your home. Visit for… 1 16665 Hi Mofflepop, I would recommend finding a building designer to prepare plans, they should design to your specified budget. The benefit is you can tender the project out… 9 22058 |