Private real estate for sale?

I see you can now list your property privately on http://www.homes247.com.au for $29.95. They may not have the exposure of the other real estate websites, but at the same time, they’re not charging the earth to list.

The price of Allhomes private listing has gone up quite a bit recently! :- (

I found there are few agencies around charging very reasonably though. For example;

Golden Key Property Group http://www.gkpropertygroup.com.au $4,888

Ethics Real Estate http://www.ethicsrealestat.com.au $$5,990

Go Gecko http://www.gogecko.com.au $6,950

The agent is doing all the hard yards and save you from all the hassles dealing with problematic “potential buyers”, I see no problem to pay for their work, as long as the commission is not as heavy as 2-3% charged by the Canberra oligopolies!

thatsnotme said :

watto23 said :

It used to be $350 to list a property.

It’s now $1,295 for a private seller. Quite the price hike!

Yowsers. It was $1000 only 18 months ago.

Maybe they could just make it $6000 for private sellers, and $500 for real-estate agents and see if they still get lots of private sellers? 😛

In relation to the original inquiry, what would you gain by buying privately? Agents want to move properties and in today’s buyers market they’re just as likely to talk the owner into a cheaper deal if you make an offer and stick to it. We recently bought a unit in Downer that was in pretty average condition (basically unreadable due to kitchen and bathroom and had been empty for 4 years) Agent was keen to get it off his books and as we’d been the only people to show a real interest he didn’t seem to waste any time in getting our rather low offer accepted.

I’d say Allhomes is still owned by the Blackshaw’s why would you let a cash cow like that go? well fully anyway 😉 But who really cares about owner speculation. The site works and is really the only place to list with or without an agent.

You could also check this out for ideas if you aren’t used to Canberra laws and stuff.
http://www.ors.act.gov.au/publication/view/1666/title/the-renting-book-a
although it looks like it is due for an update.

toriness said :

not just sewn up but stitched up. who owns it now? one of the real estate agents? a friend of mine considered selling privately and went to place an ad on allhomes only to find out the price of listing as a private seller was WELL higher than the charge applied when listing through an agent.

Probably because the agents buy their ads wholesale (i.e. in groups of 50+ ads, so a significant discount – akin to wholesale prices). I would also imagine that they would get little if any customer service support if they had issues with the ads.

But yeah, $1250 is a bit steep, considering there was a thread here on RA a while back ago on how to sell a house – and at $350, with a bit of time and discussion with your solicitor you could save yourself a tidy sum and DIY the whole process (either in a lower asking price = selling faster; retaining the normal agent fee = higher wealth extraction).

Its now $1295 to list a property on allhomes. I doubt too many agents are that cheap, they obviously offer a service though.

watto23 said :

It used to be $350 to list a property.

It’s now $1,295 for a private seller. Quite the price hike!

toriness said :

Holden Caulfield said :

You can also try Canreps, although it’s pretty limited: http://www.canreps.com.au

AllHomes pretty much has this region sewn up.

not just sewn up but stitched up. who owns it now? one of the real estate agents? a friend of mine considered selling privately and went to place an ad on allhomes only to find out the price of listing as a private seller was WELL higher than the charge applied when listing through an agent.

It used to be $350 to list a property.