Articles

  1. For sale by owner, FSBO and other private sale real estate terms.

  2. I cant show the home myself, the agents need to handle everything.

  3. I tried selling my own home privately and it didn't work, do I need a Real Estate Agent?
     
  4. Buying A Property

For Sale by Owner,

Most Real Estate Agents charge a huge amount of commission when selling property. Save On Commission offer both a
no commission and low commission real estate service for the home seller.

With Save On Commissions no commission service, not only do you NOT pay a commission, you also receive the benefits of a fully qualified real estate agent who will market your property on Australias top 2 real estate websites, realestate.com.au and domain.com.au. We are there solely to help you sell your home and save you many thousands of dollars in commission.

We have helped many home owners save literally thousands of dollars when selling their home, for a small upfront fee and an administration fee when sold each homeowner has saved an average of $12,000. We will market your property on realestate.com.au and domain.com.au we can supply you a Free Property Report as well. Stop wasting your money on private sale websites, you need to be on these sites to get the best results for your home. 

Now vendors have an alternative to private for sale websites, with the save on commission system, especially our No Commission Service you are guaranteed to receive more enquiries which as everyone knows, should result in a higher sale price and a faster sale. If you would like to know more about our no commission nand low commission service Contact Us Now.

Prior to Save on Commissions, no commission service, for sale by owner sellers or FSBO as they are sometimes called, was a popular method to sell a house. The only choice available was to pay to list your property on private sale websites where some sellers were lucky and sold there home. We provide a system where you can reach up to 85% more buyers for only slightly more than you would pay to be on an obscure private sale site.Now with the affordable service that we provide, the for sale by owner is better off letting us list and sell their home. See our testimonials for feedback from satisfied customers.

By utilising Save On Commissions No Commission Service, not only do you save a huge amount of money, but you also receive the professional advice and negotiating skills of qualified Real Estate Agents plus have your property marketed on the top 2 real estate websites in Australia We have been able to bridge the gap between the traditional Real Estate Agent and the for sale by owner.
 

DIY Selling

DIY Selling refers to a do it yourself real estate sale and is a term used to describe when a property owner chooses a private real estate sale instead of using a real estate agent to sell their property. Prior to Save on Commissions, no commission service, private house sales and diy selling was a popular method to sell a house Now with the affordable service that we provide, the diy seller is better off letting us list and sell their home.
The major reason a property owner may choose to sell real estate privately using DIY Selling is to avoid paying a huge commission to a real estate agent, wich can be as high as 3.5% of the sales price of a property. This is a huge amount of money out of your sale of your home. With Save On Commissions no commission service not only do you NOT pay a commission you also receive the benefits of a fully qualified real estate agent who is there solely to help you sell your home and save you many thousands of dollars in commission.
Normally when DIY Selling, the home owner must organise their own contracts through their solicitor and collate all the buyers details and conditions etcetera.
This all seems to be too much work for what you will save. At Save on Commission we do all the hard work for you; we will arrange all inspections, negotiate your sale and arrange all the contracts with your solicitor to ensure a smooth process from listing to selling.
By using the Save On Commission system you will receive the full benefits of a real estate agent without the huge commissions

Private Real Estate Sale

Also known as real estate for sale by owner or FSBO a private real estate sale where the property owner of a property performs all process of a property sale without engaging the services of a real estate agent.
There are a variety of processes involved in a private real estate sale which the property owner must complete if the private real estate sale is going to be a success. Before a property owner decides to sell privately through a private real estate sale they must consider each of these processes.
Preparing the Property for the Private Real Estate Sale - First impressions count so the property owner needs to make sure the property is neat and tidy and ready for the private real estate sale. Things a property must do before a private real estate sale include clean the inside and outside of the property, remove rubbish and clutter, fix anything which is broken, trim the lawn and garden and perform other small tasks which will the private real estate sale succeed. At Save On Commission we can give you all the ideas and recommendations in the correct way in presenting your property to achieve the maximum price for your sale.
Estimating the Market Value for the Private Real Estate Sale - A property owner needs to make sure they have estimated the correct market value for their private real estate sale. The market value of a private real estate sale can be estimated by looking at similar properties for sale in your neighbourhood and performing a comparative market analysis. This is where Save On Commission can offer you a huge advantage that the private websites cant. We can prepare an up to date property report that compares your property to ones that are currently on the market in your area and recent sales in your area.
Also, don’t forget the importance of a For Sale sign as these are a 24 hour private real estate marketing tool. Our for sale sign includes our 1300 number and a mobile number making it easy for prospective purchasers of your home to contact us. If conducting open homes an open home flag will draw more buyers to your inspection.
Property Inspections for the Private Real Estate Sale - During a private real estate sale interested property buyers will want to view the property. Open homes are a convenient and easy way for property buyers to view a property during a private real estate sale but are not for all everyone. An alternative when conducting a private real estate, is a personal viewing which is a one on one meeting between the property owner and the interested property buyer.
Negotiations for the Private Real Estate Sale - Negotiations can make or break the private real estate sale. If conducting open homes it is wise to have an open inspection flag these will help attract buyers to your inspection.A property owner needs to stand firm as it is always the case that the potential property buyer will make a low offer at first during the private real estate sale. By utilising Save On Commission we can maximise the price that you could achieve we have many years experience in negotiating and have sold well in excess of a 1,000 properties. Settlement for the Private Real Estate Sale - There are two important things a property owner should remember at settlement during a private real estate sale. Make sure the property owner has delivered on everything they agreed to for the private real estate sale. Secondly, for any private real estate sale the property owner needs to make sure the property buyer settles the property with a bank cheque not a personal cheque. Once Save On Commission has sold your home we arrange with your solicitor to pprepare and execute all documentation. We then ensure a smooth process right up until settlement.
 

Sell Real Estate Privately

A property owner can sell real estate privately using online private real estate sale marketing companies to advertise their property over the internet. For sale by owner or FSBO websites are now a real part of the real estate market, especially given the importance of the internet in any successful marketing campaign for real estate.
However with Save on Commissions low commission and no commission packages, you have the option of the added expertise of qualified real estate agents marketing and selling your home.
There are a large number of for sale by owner and private real estate sale websites which a property owner can use to sell real estate privately through. Most of these for sale by owner and private real estate sale websites charge a property owner a fixed fee for the property owner to list their property.
With our service there is no need to sell privately as we can sell your home and receive more enquiry than the private for sale websites, as you know the more enquiries you receive the more likely you are to achieve a highe price and a quicker sale.
Web developers know a property owner does not want to use a real estate agent to the sell their property and rather want to sell real estate privately with no agents. make sure you go to custom flags and banners for your open home flags. This has led to the development of a large number of for sale by owner and private real estate sale websites that target a property owner who wants to sell real estate privately.
These no agent sales and private real estate sale websites provide only a limited amount of exposure for a property owner and are not worth paying a property listing fee.

By using the professional real estate services of Save On Commission you have the advantage of having your home marketed on Australias top 2 property websites plus the added advantage of our negotiating skills.

Private House Sales

A private house owner can sell their house privately through private house sales. Prior to Save on Commissions, no commission service, private house sales was a popular method to sell a house because a house owner can perform all the marketing and advertising that a real estate agent would normal do.
Outlined below are the marketing and advertising tasks a house owner would need to perform to successfully complete a private house sales.
Photos for Private House Sales - It is essential the house owner has photos included in all internet and brochure marketing for their private house sales. The house owner will need to take both interior and exterior photos of the house along with any special features the house has, including views. For the private house sales to be successful the house owner needs to make sure the photos are of good quality and promote the features of the house. You supply us with your photos and script and we will upload it to Australias top 2 property websites.
For Sale Sign for Private House Sales - A For Sale sign is another important tool used when marketing a house for private house sales. A For Sale sign is working 24 hours a day for the private house sales, reaching many people from where the house is located. There is a huge benefit in using the Save On Commission for sale sign. We have a freecall 1300 number plus a mobile number for the salesperson handling your property and we are contactable 7 days a week
House Inspections for Private House Sales - House inspections are one of the best ways to market a house for private house sales as they give house buyers the opportunity to physically inspect the house. House inspections for private house sales allow the house owner to develop a relationship with potential house buyers by asking questions and allowing the house owner to gauge the seriousness of attendees during the private house sale inspections.
Open Inspection Brochures for Private House Sales - These brochures are handed out to potential house buyers during private house sales inspections and provide details of the house and its features. The brochure will continue to market house for private houses sales once the viewing is complete as the potential house buyer can look back at the brochure at a future date. We can design and email you brochures for your open homes.

Now there is an alternative to using private sale websites, with our system and the service that we provide, you are guaranteed to receive more enquiries which as everyone knows should result in a higher sale price and a faster sale.

For Sale by Owner

Real estate for sale by owner is exactly that, real estate which is for sale on the market offered by the property owner. The reason a property owner may choose a private real estate sale through real estate for sale by owner or FSBO is because of the substantial benefits received by not using a real estate agent to conduct the sale of the property.
Of course the most notable benefit of a private real estate sale through real estate for sale by owner or FSBO is the commission the property owner will save because they are not required to pay a real estate agent.
Most Real Estate Agents charge a huge amount of commission when selling property Save On Commission offer both low commission and no commission packages offering a choice to the home seller.
A real estate for sale by owner or FSBO knows their property better than anyone else so instead of a real estate agent showing their property it makes perfect sense that the real estate for sale by owner or FSBO is the best person to show a potential buyer their property.
 The real estate for sale by owner or FSBO can decide what tasks involved with the sale and at what time things are done. The real estate for sale by owner or FSBO is not at the mercy of a real estate agent and does not have the added pressure which real estate agents usually apply. Get your open home flags teardrop flags and banners.

Now there is no need to use the private sellers websites to sell privately  any more, with our system you are guaranteed to receive more enquiries which
as everyone knows should result in a higher sale price and a faster sale.

No Agents Real Estate Sale

Selling real estate privately through a no agents real estate sale has become extremely popular as it means no commission is paid to the real estate agents for performing
a sale.
A property owner can easily perform a no agents real estate sales through many of the private real estate sale and for sale by owner or FSBO website across the internet. If a property owner is considering a no agents real estate sale then the private real estate sale property owner must make sure they set the correct property price for the no agents real estate sale.
Setting the correct listing price for a property is an extremely important and strategic part of selling a property. A private real estate sale property owner must decide the
best price for a property without overpricing or underpricing the property.
This is where the private seller is better utilising the service of a real estate agency like Save On Commission as we can provide the necessary help in determining the correct price that your home should be listed at.
Determining the correct property price for a no agents real estate sale is critical because:

At Save On Commission we will keep you up to date with market trends and advise you of any changes to your property price that may be required to maintain that your property is correctly priced for the current market

Owner Sale

Many sellers nowadays choose an owner sale of their home or property to save on real estate agent commissions, however with an owner sale there are many features to consider. An owner sale is one where the private home seller chooses to sell their own home without the use of a real estate agent, however with an owner sale you need to be aware that most buyers find their home on websites.

With an owner sale the seller does not have access to Australias number 1 property website realestate.com.au. Whilst the owner sale websites do attract a number of lookers, this cannot be compared with realestate.com.au. To increase your chances of selling quickly and usually for a higher price an owner sale must be marketing where the buyers are looking.

With Save On Commissions no commission service an owner sale can be a thing of the past. We offer a full real estate service and your home will be marketed on realestate.com.au. Now an owner sale has an option, try and sell your home yourself or sell your home privately or use our full real estate no commission service. So before you consider an owner sale, contact us first.

Article 2 I can’t show the home myself, the agents need to handle everything.

These days in Australia most people don't have much time to do anything but work their two jobs, raise the family, run the household, be a spouse, volunteer, run their business etc.

Think about this, start by multiplying your homes selling price by on average 3%, take this figure and calculate how many months it will take you to earn this figure and then how long it would take you to save this amount. Now ask yourself, is it worth giving this same figure to an agent, while you are slaving at a job/business to bring that figure back into your family to pay the bills and save a little for holidays and the like. Not to mention it is always your responsibility to keep the house clean and tidy, remove the clutter, mow the lawns, take the dogs and the kids out for an hour in the middle of a Saturday, disrupt YOUR day based on the agents diary just for an inspection.

Your agent is making this figure just for showing the house!! In some cases the total hours put in by the agent are less than a days work!!! If you are able to show your home yourself you can potentially save thousands of dollars that would normally be in real estate agents pockets. In this current market it could definitely be safer for your price if you are discussing it with buyers as they are shown through the home as opposed to a desperate real estate who is only hungry for a sale at all costs.

Showing the home is enjoyable and as you are the owner you are in the best position to answer any questions about the area and the home itself and is also an extremely well paid part time job whilst the home is for sale.

Our online marketing package for $495 is the perfect alternative to marketing with a 3% listing agent. We provide everything necessary to drive buyer interest to your property, and help you complete all the paper work for your sale!

Article 3 I tried selling my own home privately and it didn't work, do I need a Real Estate Agent?

Trying to sell your own home with a few private seller test ads in the classifieds that cost a fortune or by using free or costly Private Sale websites rarely results in success, because put simply no buyers are ever looking there. Most private sellers will try a few classifieds first, if you are advertising for a garage sale or have a home to rent or are selling a car, the local classifieds are a good place to run a tiny classified ad for $30 a day, or post a free ad on a classified website.

However, when you are selling a property in the hundreds of thousands of dollars or millions you need market exposure to where the majority of buyers are looking for their new home.
No you don’t need a typical Real Estate company to achieve results and pay huge commissions as long as you are being marketed on the correct websites, they are realestate.com.au and domain.com.au because the majority of buyers (90%+) are searching there for homes. Save on Commission is a licensed Real Estate company that provides your home exposure on these websites with a full real estate service and does not charge a commission saving you many thousands of dollars.

The idea is not to see how little money you can get away with on advertising...the idea is to get the greatest market exposure. Use the classifieds in addition to our marketing services.
Be careful however, a homemade flyer pinned at the laundry mat or the local Supermarket or stapled to a telegraph pole may have worked in the 1970's, but it won't work today. We aim to bring you advanced internet technology with signs to bring you a marketing system worthy of 2009. Remember, we provide more than just marketing/advertising.
 

We offer a complete system that includes all  paper work necessary for you, including support throughout the course of your sale. With the amount of money saved by working together you will feel like being a Private Seller, Diy or For Sale By Owner with the help of a Licensed Real Estate company
REINSW

Article 4 Buying A Property!

Step 1 - Do your research

OWNING property has always been the great Australian dream. Whether you are a first-timer or an experienced homebuyer, you need to ask yourself why you want to buy.

Will you want to live in it or are you buying it as an investment to rent it out and pay it off. Do you want a house or apartment, large or small, townhouse or land to build?

Whatever your answer, the more real estate market research you do, the more likely you are to effectively define your goals and understand what’s affordable.

Get onto mailing lists and develop good relationships with real estate agents in the area in which you are looking. Keep in regular contact with them. They can alert you to properties about to come onto the market in your price range.

 Step 2 - Work out how much you can afford

Calculate how much you can spend, say one third or less of your pre-tax income in loan repayments. The amount will vary with different lenders, so if you don’t get the deal you want from one, try another.

The loan to value ratio (LVR) is the percentage of the purchase price that lenders will agree to lend. Some lenders will insist you have as much as 10 per cent of the purchase price in a deposit.

Don’t forget to factor in the following costs: legal fees, loan establishment fees, government charges (stamp duty and GST), property and pest inspection fees, moving costs and building and contents insurance.

First home buyers may be eligible for grants and exemptions on stamp duty (see www.firsthome.gov.au ).

Step 3 - Find a lender

Look for your loan at the same time or before you start looking for property.

Do some research online to see who is offering the best mortgage interest rates, then approach them in person to get approval “in principle” for your loan. This means if you need to buy at auction, you have the money organised ahead of time.

Banks, building societies, credit unions, solicitors and mortgage originators all offer home loans. A mortgage broker can help you find the best lender and the best rate for you.

There are many loans on offer, so you will need to do more research to understand the terms: a honeymoon rate offers a cheaper interest rate for the first 12 months; a standard variable rate rises or falls when interest rates rise or fall; fixed rates are fixed for a certain period; a redraw loan means you can pay it off, then reborrow that money – you may have to pay a service charge of say $25 every time you redraw.

Step 4 - The buying process

You’ve found the property you want to buy and arranged building or pest inspections. They are good, you make an offer, negotiate the price and the final offer is accepted.

Contact your solicitor or conveyancer to do title or body corporate searches, draw up a contract, then arrange to exchange it with the seller.

Once you exchange contracts you are legally bound to go ahead with the purchase. This is also when you pay your deposit of around 10 per cent of the purchase price.

Sign the contract if you and your solicitor are satisfied that everything is in order. Often there are six weeks between exchange and settlement. During this time, you can arrange building and contents insurance on the property, and income protection insurance for yourself.

On the day you are due to settle, before your solicitor passes over the final cheque (or makes the transfer online) you should ask to inspect the property.

You need to check that no damage has been done to it in the intervening period and that all fixtures and fittings that appear in the contract are still in place.

You don’t have to settle on the property until all these conditions have been met.