For sale by owner selling is on the increase.
For sale by owner of FSBO is becoming increasingly popular as people look at ways to reduce the heavy cost burden of selling their home.
People are selling their own home for a variety of reasons such as
- To save money
- To gain a sense of accomplishment
- Privacy surrounding the sale
- Because they feel like they can do a better job
- Would like to get to know the new owners
Obviously the savings because of having no agent commission is at the top of most people's lists.
To illustrate the potential savings let's look at the scenario of a person selling a $500,000 property in Sydney. The commission at a 3% rate would be a staggering $15,000.
Remember that when you are selling a home you will inevitably encounter a great many other costs as well, such as:
- Additional marketing costs (newspaper advertising etc)
- Auction Fees
- Conveyancing or solicitior fees
- Moving costs
- Disconnection and reconnection of services
- Mail redirections
- Furniture changes or upgrades
- Stamp duty or Capital gains
- Remortgage or early pay out costs
From start to finish...it's entirely possible to lose $50,000 or more when selling and buying again!
With all the above digging deep inside your pocket it's small wonder then, that people are seeking other solutions in selling their home to avoid agents fees. The question isn't really whether it's a good idea to private sell, but rather whether you can do it effectively... and that's where we can help!














