Save on commission

You may save on a significant amount by not paying a commission to an estate agent. However you should consider the advertising costs and legal paperwork necessary for a house sale. Initially this may seem as a significant saving but in a tough economic environment, you may have to advertise over a long period of time to ensure a sale which can be costly. Most estate agents will carry the costs of advertising and purchase and sale agreement as part of their commission.

Personal Touch

Some buyers may prefer your own personal touch to a sale as the home owner who has lived in the house for many years and is familiar with the suburb. Estate agents often deliver sales pitches at every turn which may irritate some buyers and they may not be knowledgeable about the finer points of your neighborhood.

Showing your Home

Allowing strangers in and out of your house can be both frustrating and dangerous in these times. An estate agent may take a commission but will handle all showings, even when you are not at home, allowing for a quicker sale.

Better Price

When you sell your home to a professional buying agency for a quick house sale, you often lose on the full price of your home as most agencies only offer up to 75% of the valuation price. Selling your own home will allow you to ask for a price that you feel your property is worth although it should be reasonably priced to ensure a sale.

Fast House Sale

Selling your own home may be one of the slowest ways to sell your house as you lack the skill of a seasoned estate agent and most private buyers do not have the financial resources like a professional buying agency. However if you are not in a rush to sell your home, then you have to be patient and await the right buyer who is prepared to pay your asking price.

Renovations and Repairs

If you are opting to sell your own home then it is necessary to ensure that your house is up to scratch and this may mean undertaking renovations and repairs that you were putting off for years. Even basic repairs can run into the thousands of dollars thereby reducing the profit you would have gained from your house sale. However if you sell to a professional buying agency, they will often purchase the property without being concerned about the shortfalls in your property.

Moving to a New Property

Once you have completed your house sale, you have a period of time in which you will be required to vacate the premises and finding a new property that suits your needs can be costly. Furthermore, this move may also upset your life like your transit to work in the local car pool or your child’s schooling. By opting to selling your home to a professional buying agency, you may have the option of renting your property from the agency in a ‘sell and rent back option’. This allows you to stay in a house that you are familiar with until you can find alternative accommodation that suits your preferences and budget.