Hi everyone.
I am wondering if someone can tell me what is involved in selling your own house without an agent.
I am thinking about selling our home due to a separation but paying an agent would probably mean a loss which we cannot afford.
Thanks
Tanya
Hi Tanya,
We sold our own home privately to a work acquaintence in June 2003. It certainly is doable! Just work with your solicitor to do deal and contracts.I would certainly try to sell privately again. I would simply take out a listing with http://www.realestate.com.au and place 1 or 2 ads (probably with photo) in the most read real estate paper and then field calls and hold an open or two myself.
I feel that this would work best with a property that presents well, I am not sure if you had a more unattractive property you may need to use an agent to catch a larger market.
All the very best with your sale!!!
Cheers Karen B!
[
]Thanks very much.Regards
Tanya
There’s a few sites listed here that people posted in answer to the same question a while ago.
One company is http://www.fsbo.com.au another is ANREPs (don’t know their website). http://www.selfsell.com.au
Cheers
MelHi, I just listed my property this morning on http://www.owner.com.au and it didn’t cost anything, I don’t know how it will go ( to early to tell) but I’ll keep you posted.
Cheers
Ginamarree[]Tanya, is it an option for one of you two to retain the house and buy the other party out ?
Selling (and buying elsewhere) will bring with it additional costs which can be avoided by ‘staying put’
Pisces
Is it an option for one of you to retain the house ?
Taking that course a fair amount of expenses (stampduty, agent’s fees, replacing furnishings etc) can be avoided.
Yes, I realise the possible (emotional) drawback of staying put in the same place but then again, murdering money, your money, isn’t a good option either.
BTW selling a house yourself isn’t so easy either. The first thing to do is to find out what the house is worth. This can be achieved by having half a dozen agents come and visit you to give you a market appraisal OR you can go and visit open houses for neighbouring properties which are for sale and thence keeping an eye open to see what they have sold for.
Another option (and probably the best) is to have a valuer determine a fair and reasonable market value.
Make ysure that he is aware of the reason for the valuation.Discuss the valuation with your partner before ordering it. Your partner may be suspicious about your choice of valuer.
Once you have the written valuation in your possession you can discuss a selling price with your partner.
(which doesn’t necessarily have to be the valuation figure. To start off with you could deduct an agent’s fee from the value).If you want to buy the house yourself make sure to point out to the valuer anything detrimental to the property that you are aware of.
If both of you want to retain the property you could agree in writing to have an auction conducted between the two of you.
Just make surwe you have finance lined up beforehand.
One other thing. I do not know for sure but think that possibly one may be able to avoid stampduty when half of the house is transferred to the other party if such transfer is because of a divorce court order.
One way to find out is to ask a solicitor or, better still – cheaper anyway, is to ask the stampduties office in your state.
Hope this helps.
Good luck
Pisces
]Thanks very much.
]
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