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How to sell unit

surreyhughes19905's picture

Submitted by surreyhughes19905 on April 22, 2005 - 11:51am.

Joined: 10/09/2003

Hi,
I've got a small storage unit that I'm wanting to sell. In fact it is so small that any legal fees or sales commission would represent a fair chunk of the value!

Any suggestions on how / where to sell it?

Real estate agents are reluctant to take it on (much to their credit) because their cut of the sale would be very high in comparison to the price.

BTW: It was the first CF+ property I bought (and currently the only one, the others are neutral or close enough to).


Myydral's picture

April 22, 2005 - 1:08pm

Joined: 27/09/2003

If it's cashflow positive - why sell it? ( probably going to hear that alot )

"Looking forward to the day when I can tell the boss where to go"


sbhjain's picture

April 22, 2005 - 1:26pm

Joined: 04/01/2005

Hi Surrey

Im not sure if its allowed but if provide the details of the property here. Im sure lot of people would be interested.

cheers
sab


April 22, 2005 - 1:32pm

Joined: 04/11/2002

why not just put an add in the local paper and sell it privately instead of hiring an agent


surreyhughes19905's picture

April 22, 2005 - 2:34pm

Joined: 10/09/2003

I'm selling because I can get better returns elsewhere Big Grin

Pretty much the same reason anyone does any investment activity.

I don't think this is a selling forum so I'm actually just asking about web sites or papers that people have used and found effective etc...

I've put an ad in www.DIYSell.com.au http://www.diysell.com.au/pfs_profile.asp?PropID=P13400 (cost $100) but if there are free forums that take listings I'd be much apreciative.


surreyhughes19905's picture

April 22, 2005 - 4:38pm

Joined: 10/09/2003

I've also put it on eBay Big Grin

Anyone had success selling real estate on eBay?


surreyhughes19905's picture

April 26, 2005 - 12:38pm

Joined: 10/09/2003

Update on what I've found effective so far:
Well I put a post on DIYSell.com and that got a couple of enquiries but the biggest generator of interest has been:

eBay!

I've gotten about 6 requests for more info with at least 2 of them waiting for my vendors statement. I love eBay (this is not an endorsement for any particular use of the product). Anyway, listing on eBay cost only a few dollars and got at least some results. When I sell I update with what method got the sale. This could be helpful for others looking to sell such items (like student accomodation?)


The DIY Dog Wash's picture

April 26, 2005 - 8:23pm

Joined: 31/01/2003

I love eBay! I sell all my paintings there!

Good luck with the RE on eBay love to hear the results.

Cheers
Leigh K

www.ldesignegallery.com


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