Hervey Bay Real Estate | Private House For Sale Purchase Advice
Hervey Bay Real Estate Houses For sale by owner and Buy my place advice for selling buying residential real estate Hervey Bay
For Hervey Bay real estate sales houses for sale, the most profitable method is to sell your home privately. It really is a no-brainer when you consider you won’t be paying a Hervey Bay real estate agent which will save you around 3% of your house sale price which can be anywhere from 10k – 20k in savings for residential property sales. Record numbers of property owners are deciding to sell privately with houses for sale Hervey Bay Urangan, rural properties for sale Hervey Bay, Hervey Bay waterfront houses for sale, houses for sale Craignish Dundowran Beach rather than use Hervey Bay real estate agents for property sales. Buying Hervey Bay houses privately can also be very beneficial as there is no middleman agent involved and who better to discuss a property with than the person who owns it!!
Sellers need to understand that more than 90% of potential buyers search for property online first and not in printed publications or real estate agents windows. This is absolutely key to understanding why houses are selling so successfully privately. It was once the case that people wanting to buy and sell real estate would have to use an agent but this is no longer the case and a real estate agent is not needed to sell your home in Hervey Bay. If you are still not convinced ring the Office of Fair Trading to find that it absolutely legal to sell your home privately without an agent.
Most of the houses we photograph for clients selling privately sell within the first 2 months of listing!! (John Wilson - Owner John Wilson Media Photography)
Buying Directly From The Seller - Private House Sales
What could be more transparent then buying a Hervey Bay house directly from the seller? In Fact, many home buyers are looking for properties for sale privately because they value the experience above buying through an agent. Buyers we have spoken to that have purchased property privately in Hervey Bay have commented on the ease and confidence they had with their purchase. When there is no middleman agent involved a buyer gets to make their own mind up from direct talks with the property owner that will often provide much more insight to the property being sold. Its a much more transparent way to do business and the legalities are still the same, just no agent to get in the way.
Selling Your Hervey Bay Home Privately is Extremely Easy
Selling your real estate privately in Hervey Bay is so incredibly easy which is why record numbers of homeowners are choosing to sell homes privately. All the real estate agent is doing is listing your property, putting up a sign and taking a few phone calls. This can all be done by the seller. Homeowners also need to understand there is no exceptional learned skill to become a real estate agent. In fact for $500 and answering some questions anyone with a basic education can become a real estate agent. That is it. Some agent’s ague that they have better negotiating and personal skills which are really a matter of opinion than fact and this is certainly not a prerequisite or tested when someone buys a license.
Selling privately allows you to negotiate and discuss with a potential buyer directly and is a much more transparent process. Another benefit to selling privately is that you will have more money to play with because you won’t be paying out a hefty commission. So if you find you need to discount a little to get a buyer over the line it’s not such a big drain as paying a hefty commission of 10-20K and also discounting.
Selling Hervey Bay Real Estate Privately Costs Less
Selling your Hervey Bay real estate privately will cost you less. Most private property sellers make use of one of a number of dedicated websites set up to assist with listing your property on the most important online real estate portals of www.realestate.com.au and www.domain.com.au. While it is even possible for a private seller to list their property themselves on these websites and others the for sale by owner sites offer a one-stop place to make your listing and load your photos which are then dispersed onto a number of real estate portals at once saving a lot of time. Cost varies to use these for sale by owner sites but sellers can find pricing from around the $500-700 mark to get started while some offer the supply of signage and additional features at additional cost.
Potential Buyers Search Online First
We have found private sellers making up their own for sale sign or using a local signwriter but the majority don’t even bother with this because the internet is where the majority of people search and statistics strongly support this with more than 90% of potential buyers searching online. The days of buyers looking in an agents window has all but faded away with the advent of mobile phones, tablets and access to the internet allowing people to search for properties from the comfort of home or while sitting in a coffee shop etc.
5 Point Process to Sell Your Home Privately in Hervey Bay
- Assess your property for any maintenance or repairs and have these completed
- Decide on a price by doing some research on your area online. Googling “house for sale (in your location)” is one way and then visit the websites of Domain or Real estate you will be able to see the houses that are for sale and even some market data for various size houses. You can also google the actual address of a property similar to yours in your location even if it's not for sale and Domain or Real Estate will generally give you sale records for the property to give you an idea of pricing.
- Organize your Contact of Sale. This is easy to do and will be a standard form your solicitor will produce for around $900 and must be prepared whether you sell privately or via an agent. Some agents misleadingly tell sellers that they are required to fill out some of this form but this is definitely not the case and your solicitor will handle this for you.
- Decide which for sale by owner business you will sign up with to get you home listed on the major property portals. Here is a list of sites our clients have used to successfully sell their home privately in Hervey Bay:
It is possible to list your property yourself on several of the major websites and we found listing a property on Domain.com costs about $660 but at time of writing, we believe signing up with one of the sites listed above is the cheapest way to get listed quickly across multiple sites.
So, there it is. Selling privately is easy and will save you money and be more profitable than using an agent who would otherwise gouge 10-20k out of your pocket for a few hours work doing the same process as above which you can do yourself.
We have provided the information above to help private sellers get the homes listed and sold and is based on our extensive experience in the industry over more than 25 years. Every house we have photographed for private sale has sold and we can provide case studies to show our happy clients that have sold privately.
Don’t forget to get in touch for your real estate photography in Hervey Bay and we can certainly guide you through the private house sale process.
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