There are many people in Australia who believe that selling their properties themselves is the best thing to do. When asked, they reply that it saves them from a lot of trouble they would have to go through in case they hired a real estate agent to do so.
There are a number of benefits of selling your properties yourself. It is not going to be a piece of cake, but the good things you get and the headaches you can avoid in the process are all worth a try. Here are the hassles you can avoid doing it yourself.
Selling your property on your own has many advantages. If you are looking for more information on this matter, follow the link: https://www.buymyplace.com.au/for-sale-by-owner-fsbo/.
One of the biggest advantages of selling your properties yourself is that you can avoid paying so much money to the real estate agents in terms of their fees. Agents have a fixed commissions and fees that you will have to pay. It is usually a percentage of the total price the house is sold for and can go to many thousands. The normal commission rate taken by real estate agents is 6%. Before you go on and let a real estate agent handle it all of you, decide if handing on the task to a real estate agent is really worth this 6% or not. When you do it yourself, you can easily avoid giving any extra money to anyone. It will all come to your pocket.
There are a number of people who will come to visit your property before they make up their mind to buy it or not. Scheduling these visits becomes a problem when you have a real estate agent doing it for you. You will have to consider the schedule of three parties: you, the prospective buyer and the real estate agent. The real estate agent might not be free to bring in a party to visit the property that may turn out to be a costly mistake. On the other hand, when you are doing it yourself, you will be able to schedule visits as per your convenience and availability. This will increase the chances of coming across a potential buyer.
Not Knowing the Buyer
If you leave the task of selling the property in the hands of a real estate agent, you will rarely be able to speak to the buying party. The communication will all be handled by the real estate agent and you will have almost no direct communication with the buyer of the property. Handling the process face to face is much easier especially when you are negotiating a deal. Since the potential buyer will be asking all the questions directly from you, you will be able to negotiate the deal better and also address any queries or concerns they have instead of relying on a middleman to do it for you.