Over 90% of all prospective property transactions are now researched online. Many agents and their agencies out there languish in the past, but in this modern era sellers all need to embrace the internet and develop, along with the leading industry partners, a comprehensive internet marketing strategy to sell their home.
Australia’s real estate sector is on a recovery path after the slump it was experiencing in the recent past. In June 2019, the property prices in most cities in Australia were at their lowest. However, things look brighter now with property prices rising especially in cities such as Sydney and Melbourne. And, it is expected that 2020 and 2021 will witness better property prices. For property owners who have “sell my home” on their agenda, it is the right time to sell your property!
Bright days are here for property sellers in Australia!
The reasons for this are:
As per research by Metropole, property prices are expected to increase by 5% in Australia with Sydney and Melbourne leading the charge.
There are already positive indicators for people looking to sell their houses in Australia with more people applying for home loans, more people coming to open for inspection, etc.
It is the best time for property owners to sell their homes!
A seller may ponder over, “How to sell my house?”
There are different ways of selling a property:
In this case, the agent takes the entire responsibility of selling your home. He advertises, prices your property, and connects with buyers. He negotiates the price for your home and closes the deal. It is a convenient way to sell your home. The only drawback of this method is that the real estate agent charges a high amount as a commission which is usually a % of the total amount of the deal. This reduces your overall returns from the sale. Besides, you do not have control over the sales process.
When you opt for assisted selling, you are in control of the process of the sale but you are assisted by a professional who does not charge you a commission but charges you a fee for his services. This option works well in case you are a first-time property seller.
Selling your property privately implies that you do not engage an agent to sell your house for you, but do it on your own. You can sell your home privately by listing it on property listing portals where potential buyers can view it and connect with you. You can interact with the buyers directly, negotiate the price and close the deal.
You are in complete control of the process and you do not have to pay a commission to a real estate agent. On the flip side, it requires the dedicated time and efforts of the owner.
Now comes the choice of the best way to sell a home!
There is no best way. It depends on the individual and the market conditions. It is best to seek the help of a real estate agent if the market conditions are not favourable. If the real estate market is at a low and you need to sell your house urgently, then a real estate agent can help you. However, you should be prepared to pay a commission for the service.
If you want to sell a house in Australia under the present market conditions, it is best to sell without an agent. This is because there is a demand for houses in Australia. Besides property prices are at a high. These are favourable conditions for a seller. If a seller tries to sell his home without an agent he will not have a difficulty in finding a buyer due to the high demand for property. Besides, the rising property prices will give him an opportunity to experiment with the prices and quote a high price for his home. And, he may succeed in selling it at a price higher than the prevailing market rate by marketing it effectively. He stands to gain because he will be able to close the deal on his own without paying a commission to an agent.
Although the choice of the method for selling a house is at the discretion of the owner, it is recommended that he evaluates the market conditions, etc. before deciding.
Many a time property owners are not confident of selling a property on their own. Selling a house without an agent becomes easy if you choose a reliable website for listing your home. The property portal should have a wide reach so that it offers high visibility to your property. It is also beneficial to share your listing on social media sites to increase the exposure of your listing. These steps help connect easily to numerous buyers and sell your home easily and save on paying a high-commission to a real estate agent!
Five things to understand before you list your home online by yourself
You not only want to sell your home, but to sell it for the best possible price. We have therefore set out the following as a helpful guide to selling your home.
Everything you need to know about online real estate listings
Thinking of selling your home? You might think that the easiest way of doing it is by engaging an agent for advertising and selling your home. This was the only option for selling your home some years ago, but now things are different. You don’t have to be dependent on anybody to sell your house, you can sell your house privately.
How to improve the curb appeal of your property now?
Seeing a house for the first time is like going on a first date – appearance matters. The first impression that the potential buyer will form is from its curb appeal. Here’s how you can improve it.
