Forums / Property Investing / Help Needed! / Selling without agent??

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  • Profile photo of eliseyelisey
    Participant
    @elisey
    Join Date: 2009
    Post Count: 40

    Hi,

    I am wondering if anyone has any experience in selling their unit/ house without any agent??

    Since agent commission is around 2.5% of selling price, it eats into the profit.

    Thanks

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065

    Plenty of people do it but it's not for everyone.

    To me – it depends on who's selling the property and the market conditions.

    Are you confident to enter into negotiations with a potential buyer? Are you happy to take all the calls and follow up with people who have shown an interest?

    What's the market like where you're selling? If demand is strong and people are buying you might not have too tough a time. If the market is weak than you may struggle trying to generate interest.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of eliseyelisey
    Participant
    @elisey
    Join Date: 2009
    Post Count: 40

    Thanks Jamie for the feedback.

    Im happy to follow up with potential buyers, but in terms of negotiations, probably need to polish more.

    I think the market in the area is probably a bit slow/weak. Hence, may be a good idea to sell without agent??

    Profile photo of powderfingerspowderfingers
    Member
    @powderfingers
    Join Date: 2003
    Post Count: 47

    I sold my house privately, in a slow market. Put up a for sale sign and did open houses on the weekends all day with an open house sign.
    The buyer was driving around the neighbourhood saw the sign and came in. I’m not particularly good at negotiating, just had the place
    looking very neat, showed them around and pointed out things without saying too much. Then took their details and negotiated by email
    and saved $12 000 in commission. Helps to be professional, get a sign professionally made, have the house and yourself well presented,
    not that hard at all.

    Profile photo of eliseyelisey
    Participant
    @elisey
    Join Date: 2009
    Post Count: 40

    Hi Powderfingers,

    Thanks for the reply.

    How long does it take you to sell?
    And do you do the staging yourself? or u lived in the house prior to sale?

    Profile photo of new2investnew2invest
    Participant
    @new2invest
    Join Date: 2010
    Post Count: 36
    Profile photo of powderfingerspowderfingers
    Member
    @powderfingers
    Join Date: 2003
    Post Count: 47
    elisey wrote:
    Hi Powderfingers,

    Thanks for the reply.

    How long does it take you to sell?
    And do you do the staging yourself? or u lived in the house prior to sale?

    Had it on the market with an agent for a year, then deicded to try sell it ourselves and sold within 3 months,
    had quite a few people through too. Didn’t do any advertising, just did open houses
    and had it open all day on weekends,

    helps too if other properties in same street are doing advertised open houses,
    to open at the same time as lookers will come through your place too, free advertising!

    We were living in the house prior to sale. Then when we sold our lawyer did up a contract
    sent it to their lawyer, they signed an offer and away we went. It’s worth a try.

    Profile photo of eliseyelisey
    Participant
    @elisey
    Join Date: 2009
    Post Count: 40

    Thank you guys!

    Really Appreciate your feedback!

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,065
    elisey wrote:
    I think the market in the area is probably a bit slow/weak. Hence, may be a good idea to sell without agent??

    No – I would of thought that it would be best to use an agent in these conditions.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

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