Selling Privately: Explained •

Why Should I Sell Without an Agent?

Because it is much easier than you might think.

It's easy to do so, you get the same tools as agents use, you control the inspection and selling process, get first hand feedback, and you save thousands in commission payable!

Selling (or renting) privately is not a thing of the future; in fact, it’s something that our group of companies has helped over 20,500 property owners do since 2007.

Selling without a real estate agent will you save thousands on real estate agent's commission. You will get as much exposure and potential enquiry, as a private seller, as any other property listed on the major real estate websites such as Realestate.com.au and Domain. You’ll also have access to professional marketing materials such as photography, signboard and brochures, and all with no agent necessary.

What is “private selling”?

Private selling is when the owner of the property elects to sell their property without an agent. This includes all available advertising opportunities and dealing directly with potential buyers to successfully sell the property themselves.

In using this method of selling real estate, vendors pay a one upfront cost, meaning they can save on the traditional agent's real estate fees. The traditional model of paying real estate commission is not the only choice anymore. Buymyplace is leading the charge!

Can anyone sell without an agent?

The short answer is yes. In our many years of experience, we’ve found that anyone can sell property without an agent.

We have worked with over 20,000 sellers and landlords and each one has their own motivations for wanting to do so without an agent. If you have a good knowledge of your property and some basic computer skills, then you can sell it yourself and save a lot on real estate agent fees.

Find out more about selling your house without an agent here or create your free account to see how simple the no agent property process is.

Why sell without an agent?

The benefits of selling without an agent are endless, but there are a few positives worth highlighting. Our customers repeatedly tell us 3 things they love about selling real estate without an agent:

1/ Savings - more money in your pocket

One of the primary attractions to selling a house privately is quite apparent. The average Australian saves $20,000 in agents commission and real estate agent fees by selling their property through Buymyplace.

Real estate agent commission percentages average 2-3% in Australia. Sellers with no agents not only save these real estate agents fees, but also save on other expensive marketing costs that some agents charge.

So, you stand to save quite a lot on real estate selling fees by selling your home without an agent.

2/ Control - you have the power, in your entire sales process

Selling your property yourself is an empowering experience. Our vendors love being able to make their own decisions, especially when it comes to how their property is advertised and what is communicated to their buyers.

Vendors also have the greatest knowledge about their property, making the process of how to sell property without an agent quite efficient, as you’re the best person to sell your own place.

When you’re in control of selling your property, you’re in control over the experience that potential buyers have and their first impressions of your home.

Agents are busy people because they have several properties to manage at once, but when you’re in control, your number one priority is selling your own property. Selling a house without an agent can be convenient, as you have one-on-one access to interested buyers and you can work within your schedule to find mutually convenient times to show them through your home.

You have control by effectively taking on the role of an agent, saving real estate commissions in the process. In selling a house without an agent, you have access to the same audience, but without the agent.

In selling your house privately, this in no way limits your ability to advertise your property like a true professional. And of course, we’re here to help!

3/ Transparency - the importance of being upfront and open

Transparency is a word that many sales professionals use, but unfortunately some of them do not abide by, with many of our vendors telling us they’ve had less than ideal experiences with agents.

In selling your home without an agent, you’re the one who signs off on your advertising and you’re the one controlling the narrative with prospective buyers. You are in control of what is said and represented.
You also know what buyers are saying, as you’re hearing the feedback firsthand. When you sell without agents, there is no middleman, which means greater transparency.

Selling your property privately, means the information that’s being communicated with the potential buyers is verified and controlled by you. You are responsible for the negotiations, and when and if to accept an offer, without waiting or relying on any third party. You get to present, negotiate and sell with confidence and transparency that you control. You get to do it the way you want and know best!

Selling your much-loved property should be a celebratory occasion, in your control and the way in which you want to handle it. You have your own best interests in mind at all times and in every step of the way.

Just have a look at the feedback from our happy sellers. We're bringing a real opportunity for you to sell your property and with significant benefits.

What do real estate agents do?

You may be deciding between choosing a real estate agent to sell your house and selling a house privately without a real estate agent. We've provided a summary of what real estate agent’s actually do, to help you make this decision and truly highlight how simple and supportive our no agent property process is:

	Real Estate Agent	Buymyplace
Listing on all major real estate websites.	Yes. Agents often strongly encourage you to spend $5,000 - $10,000 in marketing costs, this is regardless of how competitive your local market is.	At Buymyplace, we get you on all the major real estate sites, like Realestate.com.au & Domain, which is included in the fee you pay when using our service. This means no unnecessary costs to you.
Arrange marketing materials such as photography, sign boards and brochures.	Arranged through the agency.	Included in each seller's listing package is a for-sale sign board. You can even request such addon items like professional photography, if needed.
Copywriting of property description.	Arranged through the agency.	If you purchase our Ultimate Package, professional copywriting is included ensuring the property's description captures all the important features.
Creating the property listing and sending it to the major real estate websites.	Done by the agent. If changes need to be made, you raise a request, and it happens during business hours, sometimes days later.	Managed by you, whenever you like. With your Buymyplace account, update your listing at any time. Make unlimited changes for no extra cost.
Setting open for inspection times.	Set by the agent, at their convenience, based on their other surrounding appointments. Usually limited to 30-minute appointments, once or twice a week.	Set by you, at your convenience, based on when you’re free. Host as many as you like, for as long as you like, and as often as you like.
Hosting open for inspections.	Done by the agent, who knows limited information about the property.	Done by you, the owner of the property who knows the most information about it and is best placed to answer buyers’ questions.
Answering buyers’ questions and following up on them.	Managed by the agent. Agents often manage the sale of 10 or more properties at any one time.	Managed by you, with one property to sell as your top priority.
Negotiating sale price and closing the deal.	Managed by the agent, based on feedback they give to you about the interested buyers.	Managed by you, based on the information you get firsthand from the buyers directly. If you need expert advice, we have our real estate experts on hand, waiting to guide you to get your best price.
Arranging sale contracts.	Not done by the agent, they leave this to you to arrange.	We have a partnership with a national conveyancing firm, Lawlab, who can assist with your needs.

The growth in popularity of property portal sites has made the process of marketing properties for sale much easier. We confidently understand that the vast majority of 90% to 100% of buyers find a property via the real estate websites such as Realestate.com.au and Domain.

You can therefore be rest assured that your property, via the private sales process, will get the same levels of available exposure on all the main real estate sites such as an agent would.

Knowing this can take away, most if not all, of any concerns you may have about the marketing of your property.

Do buyers want to deal with private sellers?

The feedback we get from our sellers and their buyers is a resounding - Yes!

Most people we hear from love the transparency and honesty that comes with selling without an agent. Buyers tell us that they appreciate having their questions answered by the people who have lived in the house and know the neighborhood; and that’s just intel a real estate agent doesn’t have.

And let’s be honest – as a buyer, dealing with an agent can be intimidating! Buyers find it refreshing to deal with someone just like them.

What about no agent rental properties?

Many landlords elect to be private landlords, which means they self-manage their rental properties. If you want to know how to rent out a property without an agent, we have some cost-effective campaigns to help you with that. No property agent, no worries! And best of all, no agent commission or management fees!

Answering buyers' questions and following up is best managed by you, given your property is your top priority to sell.

Negotiating a sale price and closing the deal, when managed by the agent, is based on information of the interested buyer that's given to you. When the process is managed by you, it is based on firsthand information you receive directly by the buyer, which is way more useful. If you need expert advice, we have our real estate experts on hand, waiting to guide you to get your best price.

Arranging sales contracts. These are not done by the agent; they leave it to you to arrange. We provide full contractual solutions for you to purchase. We can provide you with all the support you'll need.

Need more?

If you’re ready to sell or rent your property and attain the significant benefits of doing so, sign up to create your free account. Create your account here.

If you’re still in the process of deciding or you need more information, book in to talk to someone now.