Browse Forums Real Estate Re: Anyone sell their own property (no agent)? 60Mar 27, 2010 8:15 am aware bobbin_84 When we were looking to buy our first home we mainly searched on realestate.com and to a lesser extent domain.com, and I imagine that a lot of people would be in the same situation. I would much prefer to deal with someone selling through an agent. We felt much more comfortable knowing that the proper processes and arrangements are in place - especially when dealing with something worth so much money. Actually I feel this persons comments are the most pertinent to this thread. As agents have stated here, buyers dont like dealing with sellers direct. And I have found that to be very true of most people. This is the single biggest problem when selling yourself. Buyers dont like you being there when they look thru your house (why do you think agents ask buyers to leave during open houses/inspections)? Buyers wont talk to you, ie give you their free opinions about what they think, or any feedback. Peoples sensibilities these days are so delicate, and they dont view a house purchase as a business transaction, but as a personal transaction. lol Agents know that, and capitalise on it. Personal experience has shown that most buyers dont understand the real estate game, just like bobbin_84. They think "an agent is a guarantee that the proper processes and arrangements are in place" . Its that sort of ignorant attitude that is a barrier to owners selling their own home. Fear of the unknown is what drive people to irrational behaviour. Anyone who knows the game knows there is no more risk dealing with an owner than with an agent. Agents are not qualified to prepare legal documents (contracts), and I believe they are barred from doing so in all states except Qld and Vic. In Qld, an owner seller must give full disclosures and a cooling off period by law the same way an agent does. As for the rest , well your solicitor will make sure its all done properly, and because the vendor happens to be selling himself doesnt compromise that one bit. What needs to happen in Australia is for more and more owners to become self sellers, and get people used to the idea of buying that way, and thus knock out this "ignorant" idea that the only way to buy is through an agent. Whoa there Aware, I'll just wait for a second while you climb down from that high horse... My attitude is not ignorant. Of course people can sell their own houses - this has been proven time and time again on this thread. In my situation as a buyer however, I did not have the inclination, or the time to put in to do the proper research etc. So therefore - I guess I would fall into YOUR 'ignorant buyer' category. In all honesty though - why should I, as a buyer, have to do any extra homework (so I can 'understand the game' as you put it) just so you can sell your house to me? You make it sound as though only uneducated idiots would use a REA, as opposed to those superior beings who can (or should I say, want to) do it themselves. Whether that is how you meant it or not - that is the way your opinion has come across. Can I assume that you stay at home, cut up some fries and make your own hamburgers rather than going to McDonald's for a quick and easy snack? Or as I said in an earlier thread, that you have a cow at home which you milk yourself, instead of going to the shop for a carton of milk? Probably not. But - if you wanted to - you could. Does this make you ignorant? No, it just means that you perceive the process of going to a shop where someone else has taken care of the production to be easier than going through the process yourself. 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 6219 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 16678 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 22112 |