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Difference Between Selling your Own Property and Going With an Agent

Difference Between Selling your Own Property and Going With an Agent 1/5 (1)

If you are planning on selling your property and are looking for a way to cut costs on the deal, you may want to consider selling the property yourself, rather than hiring a real estate agent for the job. While this may save you a significant amount of money, it’s important to know what you are getting into.

It’s important that you weigh all the pros and cons of each option carefully, before deciding what you want to do. There are a number of aspects that go into selling a property and there is a difference between selling your own property and going with an agent. Take a look at why:

What’s involved in selling a property?

  1. Preparing to Sell Your Property

It’s important to make the house “inspection ready” and you would have to value it and set a price; or reserve it if you are planning on holding an auction. If you have the time and the inclination, you’d be able to either handle some basic tasks yourself, or would have to hire some contractors to do the job for you. If you hire a real estate agent, he will handle this part of the job and help with staging the house too. They have experience in the field and will ensure that the property is spruced-up so that it becomes more appealing to buyers. They will also help you value and set the price for the house. 

  1. Marketing your Home

This is another vital aspect of the house selling process and marketing costs can be quite expensive. You have to find methods by which your property can stand out from the competition. This can be an extremely difficult task for a novice. On the other hand, real estate agents are affiliated to various advertising and marketing avenues, which help lower marketing costs. Certain topmost real estate listing websites including realestate.com.au only permit licensed agents to list properties.

If you omit posting your property on sites such as these, it means you miss out on reaching a large number of buyers. In addition, the real estate agent will be able to field the large number of queries that come in. It’s a proven fact that private sales can’t generate the amount of interest like ones that are sold by real estate agents do.

Aside from this, a real estate agent’s experience and expertise will come in handy when negotiations are underway and they will handle all the complex paperwork for you. Without a real estate agent by your side, you would have to hire the services of a solicitor or a conveyancer or both even.

If you are planning on selling your house in an auction, you would still require the services of a good real estate agent. While you do end up paying a significant commission for their services, it’s worth every penny you spend.

If you are looking to buy or sell real estate, contact Stefon Bertram, the most reliable and reputed real estate agent in Sydney, at this number- 0404 071 51.

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