Buying a new house is always an exciting step forward for you and your family. Most homeowners in Australia today opt to sell their current house to rake up cash to pay for a new one. Selling a home, however, is admittedly a tedious process and can be heavy on the pocket due to commissions and closing fees.
Many Australian homeowners today opt to sell their house without a real estate agent through private sales, popularly known today as For Sale by Owner or FSBO (pronounced as “Fiz-bow”). FSBO selling can save homeowners at least 5 to 8% in commissions.
How do you sell your house privately without a real estate agent?
Here are 5 effective steps that can guide you:
Know the exact value of your house. You will need to do some research, look around for comparable properties in the area, or hire the help of a real estate evaluator in your area. There are now websites offering free online market appraisal services such as myhousevalue.com.au which you can help to get a more accurate value for your house.
Set yourself a clear plan in terms of pricing. Remember that potential buyers will most likely negotiate for a lower price. Consider your selling price, possible home improvement expenses and closing costs, and then set a minimum offer that you will accept. This is very important especially when you are in a rush to sell your home. You do not want money on the table after the deal is sealed.
Take photos of the house, both inside and outside. Make fliers and distribute as widely as you can. Put a visible For Sale sign at the front of the house. Make sure to include a phone number so your potential buyers can conveniently reach you. You can also advertise through newspaper classifieds or local community gazettes.
Advertise your home using the services of reputable websites like SellNoAgents.com.au. The Internet can help increase your potential buyer reach. Make sure you include photos and details of the house. Online property websites usually feature convenient messaging systems where buyers can reach you easily. Posting an ad in social marketing websites like Facebook or Twitter may also help spread the word to your friends and family and their corresponding network.
Make the house presentable and in order. Know that every potential buyer who visits your home will look for any little flaw to lower the price of your home. Make extra effort to make sure everything is in order, the inside is clean and clutter-free, and the lawn is well-manicured. The nicer your place looks, the more and faster the buyer will be willing to pay.