How to Sell your Home For Sale By Owner in Australia: The 'For Sale By Owner' or 'No Agent' method of Sale is when a Property owner Opts to Sell their Property without the use of Traditional Real Estate Agents.
This method has grown heavily in popularity over recent years with Thousands of Home Owners each year now choosing to Sell their properties themselves without paying expensive Real Estate commission:
6-Steps to selling your Home For Sale By Owner:
Step 1: Set a realistic asking price
Selling Your Property Now can easily be done via the internet. First thing you'll need to do is to sell a realistic sale price. This is something thats usually done between the Real Estate agent & the Home owner, however it’s perfectly fine (and easy) for you to set your own asking price. The key here is to do your research; go to the 'SOLD' section of realestate.com.au & see what similar properties are selling for in your area. This is exactly what Real Estate agents do when they are determining an appropriate list price for your home. The Sold section is without a doubt the best place to get your comparable sales from. You can visit the SOLD section of realestate.com.au by clicking this link & inserting your property suburb.
Step 2: Get your House ready for Sale
Improve your chances of a quick sale by having your house tidied & ready to go (perhaps with a fresh lick of paint here and there), you’ll be making your house much more sellable… and a quick sale means no more having to spend your time showing people around! - If you do decide to paint, only use neutral colour schemes, that light-coloured shade of green and purple that you love soo much, probably isn't going to appeal to the general population. Here's a link to the Bunnings website to help you pick out a nice theme sell your home.
Step 3: Advertise your home for sale
The great thing about todays day and age, is that MOST buyers are looking online! - So its absolutely crucial to have your property listed on websites like realestate.com.au or domain.com.au. This is where the overwhelming majority of Real Estate agents get their buyers from. Our 'For Sale By Home Owner' service also offers a number of other advertising options such as Photo signs, Open Home signs, Open Home flags & Facebook marketing.
Step 4: Inspections & Open Homes
Viewing and inspections are incredibly easy to do. Whenever a buyer calls or emails you, simply arrange a day and time that they buyer can come & have a look at the house. Most buyers appreciate you letting them look around the house on their own, as a lot of buyers feel uncomfortable with the owner or agent standing over their shoulder (eagerly awaiting to see if they want to buy the home). It's best to just greet them at the door, briefly explain where the bedrooms and living areas are, and let them walk around at their own pace. Most inspections only take around 10 to 15 minutes.
A lot of buyers aren't ready to make a decision right on the spot, so when they are done looking, make sure they have a property brochure (which you can print Free from our website) with your contact details on there. Ask them to get in touch if they would like to make an offer, or you can get their contact details and give a follow up call the next day. It's literally that simple.
Step 5: Negotiate a sale price
The most important part here is to decide how much you are willing to accept beforehand, and focus on not going below that figure.
Don’t worry too much if you have to turn down an offer; it’s really quite common, and so long as you do so in a friendly and cordial way then you will still be leaving the door open just in case the buyer decides to come back later with a revised offer.
Step 6: Accepting an offer & signing contracts
This will usually be done verbally in the first instance, but be sure to ask the buyer to send written confirmation via email or post. This won’t be legally binding (nothing is until the exchange of contracts) but the bigger the paper trail the better. Most of our 'Sale By Home Owner' customers get the buyer to fill out or letter of offer form which can downloaded Free from our website.