Australians have been slow to embrace the idea to sell property online privately compared to many overseas. In France, over 30% of homeowners sell their own home, and there are similar numbers in Canada and New Zealand. Even the Spanish and American homeowners know and appreciate the benefits.
There doesn't seem to be one main reason Australians have been slow to embrace selling a home privately, but we are seeing an increased interest in the idea.
There are four primary motivators for homeowners to break the mould and sell their own home online.
- The first is to save money.
- The second is to have control over the entire process.
- The third is the rise in ingenious technologies which make the whole process much more manageable and the
- Fourth is safety.
Let's explore some compelling reasons why you can and should sell your own home:
1. Technology advances mean cost reductions
NextAddress uses a unique Virtual Tours and Virtual Marketing system 'NextReality3d' to promote our properties.
This tech provides you with all you need to get your home online. An impressive
- virtual tour,
- 360d and high-resolution photos,
- floor and site-plans,
- highlight short videos and
- 'gifs'
all ready for use on all the major real estate websites and across all the social platforms.
The NextAddress platform compliments NextReality3d by automating all the other processes. From ordering photos and signboards to managing inspections. All these advances are significantly lowering the cost of selling your own home.
2. You can do the research - it's not hard!
It is a natural process to find out how the local market is performing in your area. There are free online property price research tools, as well as many companies offering free reports. The mainstream real estate marketing portals provide a sound starting point for your research as well.
It is also important to remember that over 65% of us move less than 5 km from our current Address. So do your research on what is selling locally, and you will have a solid understanding of your own home.
Next Address provides you with a comprehensive report on your properties potential value. Just reach out to us, and we will have one in your inbox within 24 hours.
2. Your knowledge is king!
Another reason you should consider selling your own home is you know your suburb inside out. From where the best cafes are located, the best local parks and schools, to the neighbourhood events.
You are the one who truly knows your home. Not just the practicalities of how much storage there is or how good the water pressure is in the shower, but the little things that create the moments and emotional attachments that we make and cherish when we create a home.
And while knowing the practicalities are very important to your potential buyers, really giving them a feeling of what it's like to live in a home is what will get them over the line.
3. You control the process - the choices are your
Selling your own home means you experience a higher level of control over the process. You can influence the photographs used, the description of your home for the marketing and even the way the inspections are conducted.
With Next Address, we give you a choice. You can have as little or as much input and control over the whole process as you want.
Presenting your home online for sale is entirely in your control. From the words you use, and the picture you want to paint of your home for potential buyers is at your fingertips!
You can open your home yourself and greet potential buyers, or you can engage a facilitator who will. You can also engage specialists consultants to manage the negotiation process, including offers and contracts.
Services like Next Address provide sellers with a range of choices from complete DIY to choosing the services you need. You decide what level of support you need. From managing open house events through to arranging the property styling- it's all about choice.
4. You save time and money
Selling your home yourself will save you many thousands of dollars in commissions. The average commission charged by real estate agents ranges from 2.5% for a lower-priced home to 1.75 % for a higher-priced home. This actual cost can be anywhere from $15,000 to up to $80,000r more. That's a considerable amount of money.
If you do decide you want an accredited Next Address property consultants, we offer a commission rate significantly lower than most agencies.
A recent Next Address seller believes she saved over $40,000 when she sold using the platform.
Watch the interview with Kaitlyn here.
5. Finally Control and Choice Are Yours
Over the past ten years, we have seen a massive change in the range of our personal choices and options from how we commute home at night, to the dating and accommodation apps we use. The sell my home privately idea is taking shape here in Australia, and we will all see and reap the benefits
We now have a choice about how we sell our own home. Embracing the new online property marketplaces will see you relish the opportunity to enjoy control, use smart technology and save you and your family a lot of money in the process.
Julie O'Donohue
Founder
NextAddress
Rewritten 15.7.20
