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The reasons for a real estate private sale that are given in this article refer to Australian real estate selling but are much the same the world over.
The numbering of the reasons is purely arbitrary of course. For example, people who are facing foreclosure are apt to be solely interested in the fastest sale for the smallest cost. While someone with one hundred per cent equity and plenty of time to sell their home will possibly value the do it yourself aspect higher. This is because there is a definite sense of accomplishment in selling your own property.
Here are some reasons that I believe in. What are yours?
1 - Commission saving can allow you to offer a lower price for a faster sale
2 - No middleman potentially confusing the sales process
3 - You have the opportunity to learn and practice a valuable skill eg negotiation
4 - You have more control over when people inspect your home
5 - You have more control over who inspects your property.
7 - You don't have to deal with an agent pressuring you to sell
8 - The feeling of satisfaction you get in selling your own home.
9 - Based on an average sale price of $500,000 at 3% commission you potentially save $15,000 in agent commission
10 - To earn the $15,000 that you save in the above example would require extra wages of around $25,000.Or if you are a great saver and can save $100 per week then it would take you 150 weeks to save that amount or around 3 years.
Real estate private sale isn't for everyone, but everyone can certainly achieve it.
Fortunately, it's much easier nowadays to sell because the average person now has so much computing and marketing power within their reach. You no longer have to rely on an old cardboard sign or a cutoff piece of corflute from an old agents sign, in your front yard, to attract buyers attention.
You could list your own home privately on some of the major real estate sale portals and literally have someone on the other side of the world snap it up.You can run your own highly professional marketing campaign based on marketing your property cheaply on the big real estate portals
As a real estate agent myself I see the writing on the wall for the agents.
I'm not saying they'll become extinct. Not at all. But they sure are certain to lose market share big time. The trend to private sales is unstoppable and its driven from two main areas The first is general dissatisfaction with agents from the general public and secondly an even stronger trend - the cost of buying and selling becoming out of reach for more and more people. Pure economics will dictate that the For Sale By Owner market will increase as people seek out every way possible to reduce the costs of their real estate sale. The transaction costs are huge with conveyancing, agents fees, moving costs, stamp duty and mortgage payout penalties etc, etc.
When you think about it a set fee is much fairer isn't it, especially an exceedingly low one. After all why is it that someone with a one million dollar home has to pay four times as much commission than someone whose home price is in the median price bracket. Oh, of course the agents will make a case for such an unmitigated rort.
They will argue that such expensive homes require marketing largesse but the truth is that the discrepancy only exists to line agents pockets. The public knows better and is starting to buy this line less and less as people become more educated, knowledgeable, savvy and streetwise.
For those people in Australia wishing to sell privately the author has developed possibly the finest and fairest system of house sale promotion in Australia.
He owns a network of real estate websites which cater to private sales and he also places his clients on many of the country?s largest real estate portals at the same time. More importantly it?s done for a very conservative fee and zero commission
The business is PropertyNow and it operates to market property throughout the country. Andrews contact details are below
Phone - 0408 000 552
( international mobile 61 408 000 552 )
skype ID = andy.blachut
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There are multiple reasons why exclusive listings are the order of the day when sellers have homes for sale these days, and the Multiple Listing Service is just one of them.
Creating the opportunity to have your real estate viewed by hundreds of agents can increase the chances of selling your property quickly and for the best price.
Having your property listed on the Multiple List Service helps ensure maximum exposure to other agents and to those in the market to purchase a home.
Statistics shows that, the only way to get your home on the MLS is to list it exclusively with a licensed Real Estate Association agent. Once your property is listed on the MLS, it will be exposed to the public at large, as well as more than 200 other licensed real estate agents in the certain areas."
When first introduced in the territory, this list could be viewed only by licensed real estate agents. That has since changed and now the general public can use the site to view properties and educate themselves on the market.
In addition, exclusive listings for properties have become the trend for other reasons.
some realtors believe that it is better for one agent at a time to represent a listing. By doing this, the seller will get the exposure of all of the other 200-plus real estate agents, but will have one sole person who will take the responsibility for the house showings, feedback, offers, etc."
When a home seller enters into an exclusive listing, they put that Realtor to work for them. They are guaranteed that their Realtor will represent them from the time the home or property is listed, until the day it is sold and that the Realtor will negotiate on the seller's behalf to get the highest price.
There are benefits for buyers, as well.
Multiple showings are not necessary and there is no doubling up in property showings. Working with just one Realtor also gives that Realtor an opportunity to get to know the client's wants and needs and avoid wasting their time showing properties that don't align with the client's checklist of features they want in their next home.
A Realtor provides useful information to their clients regarding property values, neighborhood, market conditions and obvious physical defects.
-end-
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