Is A Private Sale The Most Effective Home Selling Solution Today?

In a private sale, vendors dispense with real estate agents and publicize their property themselves. They want to attract buyers who will offer the best price for their property, ending with a sale in which the vendor does not pay out any real estate commission to an agent.

This sounds great theoretically, but in the Queensland market at least, there is a serious problem with this process. This would affect all vendors wanting a Brisbane private sale. The problem is that for better or worse, most buyers who are willing to buy real estate first of all visit the website known as realestate.com.au. I learned from one of their competitor's representatives that realestate.com.au has 94% of trading in Queensland. Whether this is real or not I do not know, but the market share of this particular website is excellent. You would be crazy to try to sell household property without advertising on this particular site. If you did try, how could you be sure that you were getting the right buyer for your property? You would be missing out on hitting so many buyers it would not be funny.

The simple fact is, that at the time of writing, only qualified real estate agents and their representatives can advertise properties for sale on this website. Further, these agents must have a Form 22a signed by the client - that means, a valid listing document, before they are allowed to put a property up on this site. Any agent who flaunts this rule is asking for trouble.

Traditionally this left many sellers in a bind. How to avoid the high commissions - like around $12,000 on the sale of a $400,000 property and still get the right amount of market publicity for reaching the target audience?

For this reason, in Queensland anyway, I believe it is best to forget about conventional private sales as a method of getting the top price in your hand for your property.

With this situation in mind, Happening Real Estate was established. For some years now, we have been doing deals with vendors - giving them relevant market information, and listing their houses on realestate.com.au and domain.com.au - WITHOUT charging the high commissions which are typical in the industry. It is done as a fee for service model. We handle the inquiries, connect buyers and sellers, sellers show their own property, and we negotiate for the sellers to get the best possible outcome. We then prepare legal agreement documents and get signed contracts to the solicitors. The great thing about this for the vendor is that he or she gets to reach all the clients that any agent can reach through online advertising - and the seller normally pays 90% or more less than traditional real estate commissions for the service!

There are also service plans for those who want guidance in preparing marketing copy, taking pictures, arranging signboards and newspaper advertising - all the other things that agents normally do in working to sell the home. These packages still produce significant savings for the vendors - often enough to cover the stamp cost on their next property purchase!

Whether you require a full real estate service or a service enabling you to get the advantages exclusively available to real estate agents, Happening Real Estate have plans designed for you. Don't go it alone with a private sale. Get assistance, get information, and get marketing power for the best sale result. Call us now in Australia on 1300 725 853 and look forward to a profitable sale with a very pleasing settlement statement from your conveyancer at the end of the process!

The 1 Point You Have To Perform To Sell Your Annapolis Home Fast In Today's Real Estate Market
Home selling is a numbers game. As I look at Annapolis real estate marketing online I think most Annapolis home sellers fail to get enough traffic in the form of interested buyers to see their home. Thus they don't get any offers, or even people calling to schedule home showings.

The #1 Factor In Selling Your Annapolis House Quickly
There are many aspects that you should consider once you have decided to sell your house. Merely selling it is not good enough; you need to sell your house as fast as possible.

How To List Your House On The MLS And Receive A CMA With No Need Of A Severna Park Realtor Listing
Many people believe they cannot list a FSBO on the Severna Park Realtors' MLS without signing a listing agreement. The truth is that you do not need to sign a contract agreeing to pay a Severna Park Realtor commission in order to receive a listing on the MLS.

Methods For Selling Your House Quickly
Selling your house can be a relatively quick and easy process if you are willing to sell for a reasonable price and can find enough potential buyers.

Ingredients Of An Outstanding Comparative Business Evaluation Of A Phoenix Home
Savvy home sellers make it a priority to review and extensive and well prepared values and market analysis of the comparable properties before determining a marketing price of their Phoenix home. Most have some basic common characteristics. So what are the components of a comparative market analysis (CMA)?

Seven Questions You Should Ask Your Phoenix Agent Before Planning A Short Sale
If after doing some research you are considering a short sale of your Phoenix property or properties you need to hire an agent who is not only educated in the field of short sales, but also one who is experienced with actual hands-on closed short sale transactions.

Home Selling Advice For Today's Economy
This is the perfect time to sell your home. Many prospective buyers are currently looking for homes being offered at reasonable prices.

Sell Your House More Efficiently With A Realtor
With the prevailing economic crisis, many firms are closing down, employees are losing their jobs and the overall cost of living is skyrocketing.


Related Articles

More Resources


Leave a Comment