If you are considering selling your home in 2017 there are many paths you can take:
- Sell it yourself
- Engage a traditional real estate agent on commission with a full agent service
- Engage a real estate agent at a fixed price with a full agent service
Selling an $800,000 home could cost as little as $2,610 if you sell yourself or up to $17,675 if you utilise a traditional commission agent.
If you are considering selling on your own, think carefully about the following:
- Appraise the property correctly by using publicly available information about local sale prices and consider an independent valuation to assist
- Ensure you present the home well for photography
- Prepare relevant marketing material
- Ensure all relevant documentation is available to a potential purchaser to enable an informed decision to be made, example: council rates, water rates, copy of title etc
- Be prepared to arrange inspections by appointments and opens at various hours of the day
- Be prepared to meet potential purchasers and take on board any negative feedback
- Follow up with those people interested in your home and be prepared to take the emotion out of the sale negotiation
- Engage a Solicitor or Conveyancer to prepare the Contract and Form 1
People often underestimate the work involved in selling a home and the level of professionalism required to negotiate the best conditions and price. Selling a property is an emotional and intense experience. It can be easy for a seller who decides to sell it on their own to run into trouble with incorrect information provided to a prospective purchaser or the inability to remove the emotion from the sale. A real estate agents market knowledge and negotiating skills can be particularly useful when it comes to listing a property for sale. Following is an indicative table of costs under each model.
| Cost to sell an $800,000 Home by Private Treaty | Sell On Your Own | Sell with SA Listings | Sell with a Traditional Agent @ 2% |
| Base Price | $1,295.00 | $7,888.00 | $16,000.00 |
| Professional Photography | Inc | Inc | $200.00 |
| Sign Board | Inc | Inc | $150.00 |
| Listing on realestate.com | Inc | Inc | $500.00 |
| Brochures | Inc | Inc | $110.00 |
| Open For Inspection | Manage Yourself | Inc | Inc |
| Form 1 | $330.00 | Inc | $330.00 |
| Government Searches | $385.00 | Inc | $385.00 |
| Contract Preparation | $600.00 | Inc | Inc |
| Total | $2,610.00 | $7,888.00 | $17,675.00 |
In 2017 there is choice and the flexibility to now sell your home with a full agent service at a lower cost to a traditional commission agent. So why create a headache for yourself and embark on selling alone when you can engage the service of a real estate professional at a transparent fixed fee. Whilst you think you will save thousands by selling yourself, it could in fact cost you thousands in the final negotiated price!
Justine Thomson
salistings.blog 
Very nice blog you havve here
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