The number of private house sales in Melbourne & Victoria has been steadily increasing as home owners realise the benefits they can reap by listing their home as being “For Sale by Owner”.

Private house sales Victoria aren’t a new concept, but they are gaining a new popularity for many reasons.

Saving Money on Private House Sales in Melbourne Vic

Perhaps the biggest reason private sales are taking off is the exorbitant fees real estate agents can charge for a couple of hours work. Even a small commission fee of 2% (+10% GST) can mean a home owner could hand over almost $10,000 in agent’s fees on the sale of a $450,000 house. That’s a big chunk of your hard-earned equity you’ve just spent for the privilege of someone selling your family home for you. If you had intended to use the proceeds from your sale towards paying deposit and fees on your next home, you now have $10,000 less to use.

This is where many home owners realise the huge savings involved in listing their own private house sales all across Melbourne & Victoria and doing it themselves. Instead of paying huge fees to an agent for writing up a standard contract, there are far cheaper options available that allow you to achieve the same results without the high costs.

Are Private Home Sales Difficult in Melbourne Vic?

DIY home sales don’t need to be difficult. Think about what a real estate agent will do for you if he or she was selling your home for you. You would receive a comparative listing of other properties that had sold in your immediate area recently. This comparative listing can help you determine how much your house could realistically sell for on the property market, so you’ll know whether your estimated price is too high or too low.

A real estate agent will then place advertisements in local papers and on websites to attract buyers to a pre-arranged open inspection, where he or she will greet potential buyers until one of them shows enough interest to sign an offer document or purchase contract.

When your house sells, you’ll be paying that real estate agent a percentage of the sale price that could add up to tens of thousands of dollars for these simple tasks.

However, when you look closely at what you can do on your own to list your home as a private house sale in Melbourne Victoria, you could keep that money in your own pocket.

Pricing Your Private Home Sale Correctly

There are many ways to determine a realistic value for your home before you decide to advertise is as a private sale. Various websites offer comparative house sale listings at a small fee and there are also companies who can give you accurate reports of the price sold houses have received in your area.

Be sure you have a realistic idea of how much your home is worth before you decide to go ahead with your private sale and you’ll have a much better success rate.

Advertising Your Private Home Sale in Melbourne Victoria

The amount you spend on advertising your house as a “For Sale by Owner” listing is completely up to you. You might decide to place a small ad in the local paper, or you could choose to take some flattering photos of your home and place a full-colour feature ad in the Saturday papers.

You might also decide to place an ad on one or more dedicated real estate websites, whose sole function is to advertise various homes for sale in Melbourne & throughout Victoria. This can seriously increase your advertising exposure and make it easier for buyers to find your property.

Experts in private house sale Victoria & private home sales Melbourne

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Private house & home sales Sydney NSW , Private house & home sales Brisbane QLD, Private house & home sales Adelaide SA, Private house & home sales Perth WA, Private house & home sales Canberra ACT, Private house & home sales Hobart Tasmania and Private house & home sales Darwin NT