Selling Your Home Privately: Can You Save?
When I was preparing this blog, I tried as hard as I could to be objective and to see things from your point of view. Let’s dive in and take a look at some of the pros & cons of private sales…
If you have a friend, family member, or neighbour who wants to buy your property at a price which is acceptable to you, you should definitely consider selling it privately. You will just need your lawyer to assist you with the legalities.
The perceived advantage of selling your home privately is that you avoid paying a commission to a real estate company. That’s fair enough, as the commission is a reasonable chuck out of your sales proceeds.
But what if you don’t have a buyer lined up and you still want to try to sell your home yourself?
Having seen many home owners give this a go I wouldn’t recommend it, and here’s why:
An interesting observation….
In my opinion, the few professional groups that may have the skills to sell their properties without the help of a real estate agencies are lawyers, property developers and real estate salespeople. However, I’ve noticed that many lawyers and property developers I know use real estate salespeople to sell their properties anyway.
They simply don’t have the time and don’t want to take on the hassle and risks associated with operating outside their areas of expertise. It just makes sense, doesn’t it? Even when a real estate salesperson wants to sell their property, they’ll often get someone else in their office to handle the sale. They do this because they know how hard it is to be objective and unemotional during the selling process.
I hope you’ve enjoyed this post and would hugely appreciate it if you could share it with anyone considering selling their property.
In my next post, I’ll share my thoughts on the pros & cons of working with a professional agency/agent. Subscribe here so you don’t miss out!