Just sold our ppor privately.

Just thought I'd post if anyone else was thinking of having a go at selling without an agent. I know sometimes there are arguments for going with an agent but this was a house in a very regional area, only bought 18mnths ago so close to zero capital gain likely either with or without an agent. Advertised it on realestate.com and gum tree a couple of months ago. First viewer bought it! That saved us a small fortune Next chapter!

 

Congrats! Best of luck with the next chapter!

Cheers

Jamie

 

It only takes one person to be the right match and away you go.

Great outcome.

 

Great work @ellejay! When it all boils down to it, it isn't rocket surgery and I think anyone and everyone should have a go at doing it. The savings alone make it incredibly enticing.

I just sold my PPOR privately last week for $50,000 MORE than the highest of four appraisals. That, plus not paying a cent in commission makes it very worthwhile in my case.

 

Blimey, that is good work! Show those agents how it's done lol

Actually, thinking I could probably also sell a couple of cheapie ips to other investors and save even more money now that I'm on a roll.

 

Congratulations! I have noticed recently that 2-3 houses in our area had been sold privately and in quite short time frames as well.

 

Thanks M. It was crazy easy and serious money saved. Great if it's starting to get more mainstream.

 

Great news just what i want to hear.

This is the way of the future, we sell everything else privatelty in our lifes how are we not competent to sell our biggest asset.

 

Did you use one of the online platforms e.g. For Sale By Owner? Thinking of giving this a go.

 

Only listed on realestate.com and Gumtree. The buyer and pretty much all the viewers came from gumtree strangely.

 

Congratulations Ellejay. That is fabulous news. It definitely pays to consider all of your options - especially when you have such a unique situation.

Good luck with your next chapter!

 

I'm not so sure.

The internet has made it much more possible to sell privately. But the net being the main advertising mechanism has been around for a decade +, and I haven't seen a big increase in private sales. Having said that, people hold a house for a decade on average, so a decade is not a long time in the trend of how things are sold in RE.

I've noticed a small change in paper advertising (Courier Mail lift out) recently. There are ads that don't appear to be placed by agencies. There is no big agency mast heads or agent's pictures. You have to get to the fine print to find out what agent is marketing it. The promotion is more realestate.com.au than LJ Hooker.

 

How did you get your ad up on realestate.com.au if you didn't go through a 'for sale by owner' type platform?

 

Gumtree works well for rentals also,i posted a rental inner southside brisbane and i had over 30 calls over 24 hours,it is a good platform to use,plus the money that stays in your pocket..imho..

 

Yes I'd like to know this too @ellejay as you can only list via an agency....

 

We advertised on Gumtree and got a text from someone at For Sale by Owner (sorry I forgot to say that at the beginning). We paid $69 to advertise on realestate.com. Just saw the price on website at it says $99 for basic package but we may have paid a bit less.

 

Aha now it makes sense

 

How does the legal fees work? Is it the same as going through an agent where buyer and seller find their own conveyancer?

 

Wow, i thought Gumtree only attracts dodgy people lol. Can't count how many of those who make up all kinds of stories just wanting to bargain.