How For Sale By Owner Works?

For Sale by Owner was a concept unheard of in real estate some years ago. But recent statistics indicate that on an average nearly 95% of properties in Australia are sold directly by owner without involving an agent!

How has FSBO become possible?

It is the internet which has totally transformed how the real estate market operates. Property owners have the convenience of listing their homes on property listing websites and connecting directly with potential buyers. This has offered numerous benefits to property sellers. They not only save on the commission to be paid to the agent but also have the option of numerous potential buyers.

How does For Sale by Owner work?

The property owner needs to select an authentic property listing website and list his property on it. Listing entails uploading a description of the property, uploading pictures, and virtual tour of the property on the website.

Potential buyers will view the property and contact the seller directly. The seller can arrange viewings for serious buyers. When a buyer likes a property, the seller can negotiate the price directly with the buyer or his agent and sell it.

Sounds simple, doesn’t it?

However, there are certain things that a property owner needs to bear in mind while selling his property without an agent: Pricing the property

For an inexperienced seller, estimating the price of his property can be quite difficult. And, accurate pricing is vital for the sale of the property since too high a price can put off the buyers. Too low a price can also create doubts in the minds of the buyers and they may be wary of the property.

You can assess the price of your property by checking the price of similar properties in the neighbourhood. You can also seek the help of a professional property evaluator for pricing your property.

Promoting your listing

You will need to promote your listing extensively so as to get quick response for your property. You need to share your listing on social media sites such as Facebook, etc. to increase its exposure.

Documentation

With the laws undergoing frequent changes, documentation such as drawing up the contract, etc. can be quite complicated. Therefore, you can seek the assistance of a legal professional for this.

One of the most reliable sites for selling a property by the owner is Minus the Agent!

• This site is simple to navigate and list the property.
• Since it is a leading property listing website, you get a good response from prospective buyers.
• We share your listing on other leading property portals in Australia and also on social media sites at no additional charges.
• We provide assistance in assessing the price of the property.
• We charge you only once for the package you select! There are no hidden charges!

If you have a property to sell, list it on the best For Sale by Owner site, Minus the Agent!