Here are some reasons why selling a house privately rather than using a real estate agent could be advantageous for homeowners in Australia:
- Savings on Commission: Real estate agents in Australia typically charge between 1.5% and 3.5% in commission, depending on the property’s location, type, and market conditions. By selling the property themselves, owners can save significantly on these commissions, potentially accumulating tens of thousands of dollars depending on the property’s value.
- Better Knowledge of the Property: As a homeowner, you know your house better than anyone else. This puts you in an excellent position to highlight the best features and improvements of your property effectively to potential buyers. You can also give them an authentic insight into the neighborhood and community, which might be the convincing factor for them.
- Full Control of the Sale Process: Selling the property on your own allows you to control the entire process, from deciding on showing times to setting the selling price to negotiating the deal. This can give you peace of mind, as you wouldn’t have to rely on a third party to make decisions in your best interest.
- Direct Communication with Buyers: Dealing directly with potential buyers can make the whole process faster and more transparent. There are no intermediaries, so you can answer any questions or concerns immediately. A direct discussion between buyer and seller can also lead to a quicker agreement on the price.
- flexibility in Price Negotiation: Without a commission being added to the selling price, you may have more room to negotiate with a potential buyer. This can be used as a leverage point during price discussions.
- Using Online Platforms: Buyers will search online platforms for their purchases. We also provide tools and resources to guide you through the selling process.
