Tips for Selling Property Privately

Selling a house privately has not been easier than it is now! Property owners now have facilities that have made it simple!

Gone are the days when property owners advertised their homes in the newspapers and waited endlessly to get responses to their advertisements. Property owners no longer need to be dependent on real estate agents either!

We are living in times of the internet. The internet has revolutionised our lives in more ways than one. It has changed the way we order food, do our shopping, pay our bills, etc.

And, the internet has impacted the way the real estate market operates also.

Today, whether it is an agent or someone looking to sell a house property privately, everyone uses the internet.

Properties are listed on property portals and potential buyers contact the person listing the property after viewing the listing.

If the buyers can directly connect with the individual listing the property, then why should a real estate agent list your property?

You can list your home yourself on a property listing portal. If you think listing is complicated and you need to have some coding knowledge, etc, you are mistaken!

Listing your property on a property portal simply means uploading its description, photographs, and virtual tour on the website. It is as simple as that! However, you will need to be creative with the description. Make sure that it is not too long but it should include all the details such as square-foot area, number of rooms, proximity to schools, etc. Also, the pictures that you upload should be clear and of high-quality.

When you sell your property privately, you also need to price it yourself. Accurate pricing is important for the quick sale of the property. There is a tendency among property owners to price it a little high because they are emotionally attached to their home. However, you need to have a practical approach and look at criteria such as the market conditions, prices of similar properties in the neighbourhood, etc.

You know your property best. Therefore, when buyers approach you, you are best equipped to describe the property to them. You can explain the highlights of the property to them. This will help you market it better.

Selling your property privately also means that you will have to negotiate the price yourself. This could seem a little difficult initially. However, here’s a handy tip. Quote a price that is slightly high so that you have room for negotiations. Also, decide the minimum price at which you want to sell your property and don’t negotiate to a price below that.

The next part after price negotiations is completing the documentation. This can be quite cumbersome because you need to be aware of the legal aspects of making a contract. Therefore, it is advisable to hire a legal expert to draw your contract.

Once the contract is signed, you have sold your home without an agent. This means that you do not have to pay any commission and you enhance your profits!

One of the best websites for selling property privately is Minus the Agent! It is a leading property portal in Australia where you can list your home for sale!