Many vendors are put off a no agent property sale because of
some myths that exist concerning real estate agents and what
they do. Let us look at each of these myths and see why a "no
agent" sale makes sense!
1. A real estate agent values my property
Real estate agents claim that they can't be held to the value
they give your property, as it is an estimate. A qualified
professional valuer is legally accountable for the price they
quote you. Use a professional to value your property
2. An estate agent will get me a higher price than FSBO
Using an agent can actually reduce the value of your property.
There is evidence that no agent sellers achieve higher prices
than vendors using real estate agents. Our guide to selling
helps you to negotiate the best price for your property.
3. The real estate agent's fees are justified by their
professional qualifications
Virtually any one can become a real estate sales person. The
qualification can be gained after a 40-50 hour course at an
institution similar to TAFE (depending on which state you study
in). Calculated on an hourly rate, agents' fees are far higher
than lawyers or accountants who undertake years of professional
study.
4. A real estate agent takes care of the legal side of selling
my property
Real estate agents have no legal qualifications.
Whether you sell "no agent" or through an agent you will need a
legal professional to carry out the conveyancing for you. If you
feel comfortable with your legal knowledge you can do the
conveyancing yourself.
5. A real estate agent provides security by vetting buyers
Although agents claim that they vet buyers this often isn't the
case. Open house inspections are also very risky, as it is
difficult for the agent to monitor large groups of people. Our
no agent guide to selling tells you how to vet buyers and show
your property safely.
To sell your property "no agent", please visit the smartvendor
no agent / FSBO site.
About the author:
smartvendor is an
Australian For Sale By Owner
(FSBO) Site .
The site is committed helping property vendors in Australia save
thousands on real estate commission.
www.smartvendor.com.au.
