Can I Sell My Property Without a Real Estate Agent in Australia?

-by A. Scott

In an effort to save money when selling your property, many people are asking “Can I Sell My Property Without a Real Estate Agent in Australia?”

The short answer is: Yes, you can sell your property without a real estate agent in Australia!

Selling your property without a real estate agent is known as a Private Sale or a For-Sale-By-Owner (FSBO) transaction. Selling your property without an agent gives you more control over the process and allows you to save on agent commission fees – however it also means taking on additional responsibilities typically handled by an agent.

Here are some key considerations:

Property Valuation: Conduct thorough research to determine the market value of your property. You can use online valuation tools, consult with property valuers, or compare recent sales of similar properties in your area.

Marketing and Advertising: Develop a comprehensive marketing plan to promote your property. Utilise online platforms, social media, and traditional advertising methods to reach potential buyers. Take high-quality photos, create engaging descriptions, and highlight the unique features of your property.

Prepare Legal Documentation: Engage a solicitor or conveyancer to help with the legal aspects of the sale. They can assist in drafting the contract of sale, preparing the vendor’s statement (Section 32 in Victoria), and ensuring compliance with relevant laws and regulations.

Conduct Open for Inspections and Viewings: Arrange and conduct open for inspections or private viewings for interested buyers. Prepare the property for these viewings, ensuring it is clean, well-presented, and showcases its best features.

Negotiations and Contract Management: Handle negotiations with potential buyers directly. Be prepared to negotiate on price, terms, and conditions. Once an agreement is reached, engage your solicitor or conveyancer to manage the contract process and ensure all legal requirements are met.

Seek Professional Advice: While selling without an agent can save you money, it’s advisable to seek professional advice when needed. You’ll still need to organise and pay for other professional services, such as a building and pest inspection, depending on the requirements of your state. Engage a solicitor or conveyancer to guide you through the legal aspects and consult with experts for property valuations or marketing strategies if required.

Selling your property without an agent can be a viable option if you have the time, resources, and confidence to manage the process effectively. If you don’t, a good alternative is to use an App such as bRight Agent to get all the benefits of a real estate agent without paying the full price of an agent’s commission.

Yes you can sell your property without an agent, but do you really want to?…