selling a house in brisbane

Discussion in 'The Buying & Selling Process' started by ibanez01, 14th Jan, 2019.

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  1. ibanez01

    ibanez01 Member

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    Hi All

    I was wondering if someone can give me some advice on the best way to go about selling a house in Brisbane. I know some agents will overprice the property for business and some will underprice it for a quick sale. How to find the balance? Who to trust? What to do? any tips would be most useful as I haven't done this before.

    Many Thanks
    Brian
     
    ibanez01, 14th Jan, 2019
    #1
  2. Trainee

    Trainee Well-Known Member

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    Look at recent comparables first. Go to opens for similar houses in the area. Basically act like your a buyer. What would you pay?
     
    Trainee, 14th Jan, 2019
    #2
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  3. wylie

    wylie Moderator Staff Member

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    What suburb is the house in? You do need to look at what is for sale, what has sold recently to get a feeling for what it might be worth.

    I'd go to local open houses and meet the agents. You should get a feeling for whether you like them and that way you can choose which agents to get through to give an appraisal with a view to listing the house.

    I'd suggest don't fall into the trap of being talked into an auction, unless you have a fabulous house in high demand.
     
    wylie, 14th Jan, 2019
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  4. jazzsidana

    jazzsidana Well-Known Member

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    Speak to few local agents, attending open homes, independent valuation (will cost few hundred dollors), try and get valuation from your bank and broker, recent sales/comparables ...

    That together could lead to fairly decent idea ...
     
    jazzsidana, 15th Jan, 2019
    #4
  5. willair

    willair Well-Known Member Premium Member

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    Sometimes the best first step is employ a Solicitor and have a quick talk about the process,they would also be able to explain where to have the property valued ,and if they are a high volume then they would know the Agents that sell within your properties area ..Brisbane covers a large area ,it may help if you explain which area the property is located ..imho..
    Just look up the name ..RPI they would be one that would explain everything on Brisbane sales ..
     
    willair, 15th Jan, 2019
    #5
  6. Marg4000

    Marg4000 Well-Known Member

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    Get 3 or 4 local agents in to do a written comparative analysis and from that give you an idea of what your house will sell for. Ask each to justify their opinion and how they arrived at their valuation.

    Go to realestate.com.au and search your locality for similar properties, on the “for sale” page. Order in price from low to high, and compare the properties around your quoted price range to give you a good idea of how yours will compare to others available for sale. Yours should be a bit better than those priced more cheaply, and those priced higher should be a bit better than yours.

    Then go to the “sold” page to see prices actually being achieved.

    This should give you a good idea of what sale price you can realistically expect.
    Marg
     
    Marg4000, 15th Jan, 2019
    #6
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  7. ibanez01

    ibanez01 Member

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    thanks for all the useful tips. problem is i don't live in Brisbane. I'm selling interstate so I can't do anything
     
    ibanez01, 16th Jan, 2019
    #7
  8. Trainee

    Trainee Well-Known Member

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    Reports can be sent by email. Might be worth flying there for a weekend to check out opens.
     
    Trainee, 16th Jan, 2019
    #8
  9. wylie

    wylie Moderator Staff Member

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    Makes it harder but not by much. I rarely enter a house when I'm comparing properties to try to pin down what ours may be worth. You can use reatestate.com.au (which is what I mostly use) and ksou (just type ksou into search engine) for past sales (there are other sites for past sales too).

    You've not said what Brisbane suburb. You'll likely get recommendations if you mention the suburb.

    Or pay $400 and get it valued. The valuer will give you comparables (may even be the same comparables you'll get from an agent), but the valuer has no reason to "buy" your listing like some agents might do by telling you it is worth more than it really is.

    Load the BOQ app into your phone and type in your property. It gives you basic details and does provide comparables (but don't rely too much on them).
     
    wylie, 16th Jan, 2019
    #9
  10. ibanez01

    ibanez01 Member

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    Thanks very much. The house is in Crestmead. Any recommendations on real estate agents I could contact?
     
    ibanez01, 25th Jan, 2019
    #10
  11. Carol_Pth

    Carol_Pth Member

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    Try this website, Im just going through the same process. I did ask the guy how he got paid and said once the agent gets the go ahead from the seller and a sale if the outcome, then they get paid a commission. Find and Instantly Compare the Best Agents In Your Area - Which Real Estate Agent
     
    Carol_Pth, 27th Jan, 2019
    #11
  12. ibanez01

    ibanez01 Member

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    Thanks very much Carol. I'll check it out.
     
    ibanez01, 27th Jan, 2019
    #12
  13. Joker

    Joker Active Member

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    Joker, 8th Feb, 2019
    #13
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