All Topics / General Property / why private sale?

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  • Profile photo of kenzhangkenzhang
    Member
    @kenzhang
    Join Date: 2004
    Post Count: 18

    hello all
    some vendors choose to sell their properties privately and explicitly
    emphasise “NO AGENTS”. what are the main reasons for that?

    i can only guess:
    1) to save some agent fees
    2) got bad experience with agents
    3) being a good negotiator and thus could possibly sell the property for a good price

    any other important reasons?
    thanks
    ken

    Profile photo of YoungInvestorYoungInvestor
    Participant
    @younginvestor
    Join Date: 2003
    Post Count: 377

    kenzhang,

    Those are all very valid reasons for selling a house yourself, and are probably the main ones!

    Read Neil Jenman’s “Don’t Sign Anything” for an expansion on all of those ideas and perhaps a few others if you’re interested.

    Good luck,
    Steve

    “Knowledge is Power”

    Profile photo of Tasman PropertyTasman Property
    Participant
    @tasman-property
    Join Date: 2003
    Post Count: 126

    and the reason they specifically say ‘no agents’ is that they dont want agents calling them up asking ‘have you had any offers yet? would you like me to give you a free appraisal and chat about our marketing strategy.. etc etc…’

    without it (and probably even with it, sigh) probably half the agents in town would ring up to check.

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