Real Estate Private Sale

Real estate private sale - Is it right for you?

Lets be clear about three things.

1   A Real Estate Private Sale is entirely feasible for anyone

2   Selling your own home will be just as hard or just as easy as it would be by using a real estate agent

3   While private selling is quite simple and potentially easy it is categorically not for everybody.

Let me explain. First, as I stated a real sestate private sale is no magical thing. You can achieve it and you can secure as fast a sale as an agent could and you can get just as much money in your pocket.

BUT it's not for everybody.

If you are going to get stressed taking phone calls and meeting people and negotiating then by all means pay an agent and be done with it. Of course you should remember that employing an agent won't really alleviate much of the stress of selling.

You see instead of negotiating directly with the buyer, you will instead find yourself in a negotiation with your agent instead and that can even be more stressful.

I sometimes think people imagine that when they employ an agent their sale problems will magically disappear.

But that's wishful thinking. You see, you will still get offers, still have to potentially do price reductions, still potentially need to negotiate, still need to be interrupted for sales inspections, still need to keep the home tidy etc etc.

So why would you use an agent then? Well the stock reply from the agents has always been because they are professionals and they can expose you to more buyers. Well maybe and maybe not.

It all depends how you go about private selling and which agent you use if you don't sell by yourself.

You may actually be able to do far more promotion by yourself working solely on your own property as opposed to an agent who may be trying to sell 50 different homes. Have you ever wondered how much service you will get every week from an agency with 50 listings and 5 sales staff?

The agents again will tell you that because they have many listings and you have just one, they will get more enquiry. This sounds logical but in practice it doesn't work that way. Remember an agent might get more enquiry but where will it all go? The answer is you don't really know. Enquiry will be spread across several listings and will be somewhat at the mercy of the listing agent.

I can show you private sellers who've been on the market for a year and then give up and go with an agent. I can also very easily show you people who went with an agent for 2 years without selling. In fact they may have gone through 3 or more agents in that time.

So, if I can show you private sellers who can't sell their own home AND I can just as easily show you homes that agents can't sell then what's going on? Simple - its almost always about the price. That's the thing that stops most properties from selling whether with or without agents.

But then if price is the primary concern wouldn't you be better off saving the commission so at least you could lower the price if needed right ? Absolutely!

But you also need to make sure that you get exposure for the property.

Now I did mention in the first blog entry that I am heavily biased towards selling without an agent because you truly can compete in this arena now thanks to the net.

If you'd like to be listed on at least 7 major real estate websites in an effort to sell your own home then hop on over to  propertynow  for details about how real estate private sale system operates.