Learn everything about Australia’s growing Private Sale Real Estate industry:
The Private Sale Real Estate industry has really taken off in recent years – Selling your Home via the Private Sale Real Estate method in Australia is legal, incredibly easy, & it will save you thousands of dollars in Agents commission & expensive advertising fees.
It’s a lot easier than most people think, lets quickly walk you through the process below:
Private Sale Real Estate: So, what are the benefits?
Obviously the best part, You pay NO commission when you Sell Real Estate Privately.
Save thousands, possibly even tens of thousands of dollars in Agents commission and expensive advertising fees.
Private Sale owners are in full control of the sale & there’s NO lock in contracts.
You can hold your own Open Homes & viewings whenever you like, for as long as you like.
Lets quickly walk you through the process below:
A Helpful step-by-step guide to Private Sale Real Estate:
Photo of realestate.com.au is used for educational purposes only*
Step 1: Private Sale Real Estate:
Setting a realistic asking price for your Property:
When you choose to Sell your own Home, the key here is to do your research, especially with Private Sale Real Estate owners; go to the ‘SOLD’ section of realestate.com.au & see what similar properties are selling for in your area. This is exactly what Real Estate agents do when they are determining an appropriate list price for your home.
You can visit the SOLD section of realestate.com.au by clicking this link & inserting your property suburb.
Step 2: Private Sale Real Estate:
Get your Property ready for the Real Estate Market
The great thing about todays day and age in Real Estate, is that almost ALL buyers are looking online! – So it’s absolutely crucial when selling Real Estate Privately that your property listed where all the buyers are looking. (Where all the Real Estate Agents advertise)
This is pretty fool proof – Whenever a buyer calls or emails you, simply arrange a day and time that they buyer can come & have a look at the house.
When you Sell your own Home, during inspections, most buyers appreciate you letting them look around the house at their own pace. You’ll be surprised to know that most inspections only take around 10 to 15 minutes from start to finish, its best to follow them up with a call or text message after they’ve left to gauge their interest.
Step 5: Private Sale Real Estate:
Negotiating a price with the Buyer to Sell My House
The most important part when you’re negotiating to Sell your own Home, is to decide how much you are willing to accept beforehand, and focus on not going below that figure.
Don’t worry too much if you have to turn down an offer; it’s really quite common, and so long as you do so in a friendly and cordial way then you will still be leaving the door open just in case the buyer decides to come back later with a revised offer.
Step 6: Private Sale Real Estate:
Accepting an a buyer offer
This will usually be done verbally in the first instance, but be sure to ask the buyer to send written confirmation via email or post. Most of our ‘Sale By Home Owner‘ customers get the buyer to fill out or letter of offer form which can downloaded Free from our website. This is a great thing to have when your Sell your own Home.
Step 6: Private Sale Real Estate:
Settlement of your House or Property
The final Step! – Your Private Sale Real Estate Settlement date is determined between yourself and the buyer when you both enter into the contract. Most Settlement dates are usually between 30 to 60 days, however some can go longer if agreed by both parties. Normally your solicitor or conveyancer will handle settlement of the property for you.
After Settlement, you hand over your keys and the new buyer will take possession of the property.
Private Sale Real Estate video:
Watch our Step-by-Step video below on How to list your home for Sale
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