All Topics / The Treasure Chest / Selling private or through an agent?

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  • Profile photo of YoungGunYoungGun
    Member
    @younggun
    Join Date: 2003
    Post Count: 18
    February 18, 2003 - 9:35 am

    Hi all

    I called a real estate agent in regards to selling our block of land in Mandurah WA.

    They faxed me their fees. For the sale of a $90,000 property the fees are $3,150 plus 3.25%.

    I work that out to be $6,075. (for a bit of dirt)

    Can anyone please share their advice on whether to sell the land privately or through an agent.

    Or can anyone “In a nutshell” give me a run down on fees and the process of selling privately.

    Thanks in anticipation

    Always set your goals further than you can reach
    – Then stretch that little bit further

    Profile photo of YoungGunYoungGun
    Member
    @younggun
    Join Date: 2003
    Post Count: 18
    February 21, 2003 - 9:32 pm

    Does anyone know of any good resources that will tell me the process of selling a property (land) privately?[:P]

    Always set your goals further than you can reach
    – Then stretch that little bit further

    Profile photo of wattowatto
    Participant
    @watto
    Join Date: 2002
    Post Count: 50
    February 22, 2003 - 11:34 am

    Here is a couple of starting points….

    http://www.selfsell.com.au/

    http://www.owner.com.au/

    http://www.privatesale.com.au/privatesale/

    http://www.anreps.com.au/

    Well thats a start for u….

    Sooshie you are welcome to add them to other links post….

    cheers
    watto

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225
    February 22, 2003 - 2:56 pm

    Hi Young Gun,

    I spent 8 months in Real Estate a couple of years ago. Our fees were 3% plus GST plus $500 advertising contribution.

    An agents fees are varied from agent to agent and are always negotiable. The problem here though is that any agent that will quickly negotiate away thier fee will probably not do much negotiating for your sale price.

    If you choose an agent choose one that is reputable and has good negotiating skills. Ask them why their fee is what it is and see how they react. If they give solid reasons and even have testimonials, then go for it.

    Always remember you are in charge and you have the say on the price you want.

    Hope this helps.

    Matt.

    Profile photo of YoungGunYoungGun
    Member
    @younggun
    Join Date: 2003
    Post Count: 18
    February 22, 2003 - 5:13 pm

    [:P] Thanks very much for your imput. It is much appreciated.

    Always set your goals further than you can reach
    – Then stretch that little bit further

    Profile photo of Ninap1Ninap1
    Member
    @ninap1
    Join Date: 2003
    Post Count: 2
    February 22, 2003 - 11:34 pm

    One more to look at:

    http://www.noagentsproperty.com.au

    Nina

    Profile photo of BDMBDM
    Participant
    @bdm
    Join Date: 2002
    Post Count: 93
    February 25, 2003 - 8:20 am

    G’day

    Matt – good idea about the “testimonials” in theory.

    In practice, my wife and I sold our PPOR about 2 years ago, and we were impressed with the testimonials that the agent we eventually went with showed us before we signed up for his services.

    Once the house had sold ( and in the agents defence, he did get us a good price ) I was very surprised when he actually asked us to write a testimonial for him. When we suggested that surely these should be unsolicited, he wrote one himself, and then asked us to sign it for him !!

    Just sharing an experience – I fully agree with your other suggestions for Young Gun. I don’t mean to rain on your parade, so please don’t take offence :-)

    Thanks,

    BDM

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