Information, money saving tips and commentary on how to sell your own house in Australia

DIY Home Sales in Australia

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Selling your own house in Australia

Most people take the easy way out when selling their home and hand the responsibility over to a real estate agent, when in fact the average homeowner is capable of selling their own home.

Apart from the satisfaction of making the sale yourself there is the bonus of saving thousands of dollars in agents fees.

So why do people choose a real estate agent to sell their home? Here are a few reasons, I'm sure you can think of more;

  • laziness
  • lack of time
  • Lack of confidence
  • Unsure of what is involved
  • lack of relevant skills
  • lack of real estate knowledge
It may not suit everyone to sell their own home but at a guess I would say that 75% of Australians are capable of doing just as good a job as a real estate agent.

Let me tell you, it's not as hard to sell a house as you think it is. How do I know? My wife and I have sold our last 2 homes ourselves and saved tens of thousands of dollars.

A little bit of common sense is involved. Most people have a pretty good idea what the value of their home is. If not, it only takes a little bit of research or you can employ a licensed valuer for several hundred dollars.

Put most of your effort into presenting your property in its best light. Clean, paint, trim vegetation - do whatever is required to get your place looking spic and span.

The key to getting a sale on your own is not to be greedy. Shaving a few thousand dollars off the sale price makes it easier to sell your home and you still come out ahead in comparison to paying an agent.

Once you are ready to find a buyer then place an Ad in your local paper (not the metropolitan one) and also tell everyone you know and ask them to spread the word. A lot of prospective purchasers drive around the area looking for houses with "for sale" signs, so get a simple for sale sign made up with a contact phone number and place it where it can be viewed from the road.

We sold one house by word of mouth and the other through a local advertisement. With the advertisement, we priced the house about $5000 under market value and asked for offers over that amount. The offer we accepted was very close to market value.

Before you find a buyer you need a contract form. In South Australia, you can get it from a Land Broker or Solicitor. In other States it's usually a Solicitor.

What do you do when you've found a Buyer?

Your Land Broker or Solicitor will have given you instructions on how to fill out the contract of sale. Basically, it involves recording the details of the property being sold and details of the parties to the contract - that is, you (the seller) and the buyer. Once the contract has been filled out and signed by both parties it is returned to the Land Broker or Solicitor to process. From there on it's out of your hands.

Still not sure you can do it on your own?

There is another alternative - ANREPS have a range of different services, from Do-it-Yourself with a bit of help, to letting them do it all at a better price than an agent. You can still save thousands of dollars.

Need a Home Loan?

FSO is an emerging online exchange that connects interested consumers to various Lenders and financial services companies in its network. Currently, there are over 80 participants in their continually expanding national network. The Home Loan Club was developed to empower consumers with a choice in evaluating the right financial program for their needs. The HLC system takes the stress out of finding the right financial service institutions.


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