Private house sales - An industry revolution
BuyMyplace figures released today show Australians are ditching real estate agents and selling their homes themselves in record numbers.
And in many cases they’re getting better prices and selling faster – within hours for some properties. It is a real estate revolution, a dramatic shift in how we sell homes.
“More and more people are selling their homes themselves, without costly agents, and saving $15,000 on average,” says Peter Butterss (BUTTERSS), the chief executive of buyMyplace, Australia’s No 1 home private sale real estate business.
"People are voting with the click of their mouse. We've seen a 758 per cent increase since going national this time last year. We sold 10 properties in a 10 day period in December. Buyers love negotiating directly with sellers and cutting out the middleman. Private selling is booming."
In the first industry research of its type, the buyMyplace figures show Australians have saved in excess of $6 million by selling it themselves and avoiding commission and advertising payments to real estate agents in the past year.
"For many Aussies trying to sell their home, the internet has made agents redundant. Melbourne and Sydney are the auction capitals of the world and many sellers know the sales process inside out. Who knows your home better than you? Now with the tools and how-tos available online, Mr and Mrs Australia can do a better job than Mr Real Estate Agent,” Mr Butterss says.
"Today you can search for jobs online, buy and sell shares, cars, boats, books - you name it. Home sellers are asking the question: why not real estate?"
Mr Butterss says this is how many people in Europe and the US sell property - up to 40 per cent in some countries. Last September Mr Butterss sold his own home, saving $70,000.
"The hardest part was tidying up before the open for inspections," he says.
BuyMyplace figures show 52% people sell within one month, 72% sell for more than quoted by an agent, 100% end with more cash in their pockets, 80% save more than $10,000, 40% save more than $14,000 and 100% would prefer to sell it themselves again.
