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. Selling it yourself is easy and completely legal.
"More and more people are selling their homes themselves, without costly agents, and saving $15,000 on average," says Peter 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."
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? How do I sell my own home online? Easy. Simply visit buymyplace.com.au"
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.
How do I sell my own home online?
Using the tools and advice at buyMyplace.com.au you can sell your own property and stay in control. It's fast, legal and easy. We help every step of the way to help you get sold.
Here are 10 steps to selling your home
1. Start with a FREE registration at Buy My Place
- You get hints and tips guides
- It's a simple step-by-step process: you create you online listing - and we help if you get stuck. But it's easy using the simple process we provide.
2. Set your sale price.
- Free recent sales data to help set your price
- Buy a more detailed report for a higher level of confidence
- Buy an independent professional valuation from our certified partner
3. Select the services you need
- One stop shop - all the services you need in one central location
- Full customer support available
- Photographers
- For Sale boards
- Interior designers
- Lawyers
- Landscapers
- Conveyancers
- Valuers
- Furniture hire
- Builder
4. Prepare your home for sale
- Clean and unclutter your property
- Minor maintenance (squeaks, leaks, globes etc)
- See a full list in our Knowledge Centre
5. Photography
- Take your own photos and advertise your property before millions of potential buyers for just $270
- Professional photography available for best results for just $349
6. Create brochures
- Convert your advertisement into a printable PDF brochure
- Print as many brochures you need to distribute in your your local area
- For professional results visit your local printing centre
7. Open for Inspection
- Have printed brochures ready
- Prepare answers to questions about rates, local parks, public transport, schools etc.
- Take contact details of all visitors to follow up
- Always conduct inspections with a friend or partner
- Give visitors space to view the property at their own pace, but be attentive to them
8. Negotiations
- Comprehensive negotiations guide for all sellers received after check-out
- Multiple, easy-to-follow strategies to help you feel comfortable
- Dealing direct with buyers places you on a level playing field. No games
9. Deposit and Settlement
- Buyer pays a 10% deposit to be held in your solicitor or conveyancer-s trust account
- Consult with your buyer to select a suitable time in the final week
- Complete list of things to check is available in our Knowledge Centre
- Select one of our legal partners, or your own, to execute settlement
10. Celebrate
- Congratulations. You just sold your own property and saved thousands of dollars
- What will you do with the savings? New car, new furniture, holiday?
Choose the level of support you want - talk to our friendly local customer support staff. For more information, contact Buy My Place Customer Support on 1300 289 697. Download our FREE two-page 10 Steps to Selling Your Home Professionally guide here
