Uber of the real estate world

Discussion in 'The Buying & Selling Process' started by TMNT, 12th Sep, 2015.

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  1. TMNT

    TMNT Well-Known Member

    23rd Jul, 2015
  2. Waldo

    Waldo Well-Known Member

    18th Jun, 2015
    South Australia
    I also fail to see how it is an 'uber' of real estate?
    wombat777 likes this.
  3. Gockie

    Gockie Unicyclist Premium Member

    18th Jun, 2015
    I think its a "sale by owner" type offering with a fixed all inclusive selling cost of under 10k incl legals etc rather than based on % commission. And you do more the work, "semi diy" as it says, not an agent, but you get a "mentor".

    Maybe ok to do this if:
    * You know it will sell and have a clear understanding of what yours is worth and its a fairly bread and butter kind of property
    * If you have sold in the past and understand the selling process.
    * You live in the property or nearby so it's not a hassle to do more of the work yourself

    For the legals side of property selling I'd want to use a solicitor or conveyancer I already know and trust and not some outsourced offering that simply came as part of the package.
    What do you think? I guess most "savings" would come from higher priced property as you are saving on the commission but there's the gamble of losing big dollars by going the diy route (maybe selling for a suboptimal dollar amount) on something worth so much....

    Last edited: 13th Sep, 2015
  4. Redwing

    Redwing Well-Known Member

    18th Jun, 2015
    For Sale By Owner has been around for Donkeys? They are selling the mentor part?

    From the link

    Mr Horan said the idea came to him several years ago when he was trying to sell his $2.5 million Adelaide Hills home through an agent.

    “It had been on the market for about a year, and one day I asked the agent what the open house was like,” he said. “He sat there and in absolute detail described the five groups that had gone through the house — one was a teacher, and so on — what he didn’t realise was I’d been sitting in a car just down the road. No one had come.”

    He sacked the agent immediately, and sold the house himself a month later to someone who lived just down the road.

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