It can be expensive to sell your home, especially when you factor in the cost of your real estate agent. Although an agent can be a valuable asset when navigating the complicated world of real estate, they typically charge around 2% to 2.5% of the total sale price as commission.
Of course, if your real estate agent is able to use their skills to secure an outstanding deal, the commission will pay for itself. However, the system is not designed to benefit the agents who squeeze every last possible dollar out of a buyer it’s designed to benefit the agents who can close a transaction as quickly as possible.
That certainly doesn’t mean that no agent will fight for you. But it doesn’t change the fact that, in some cases, it would be more beneficial for them if they didn’t.
It is possible to sell your home without an agent, and many people do it. Ultimately it’s your decision to make, but if you’ve decided that hiring a real estate agent isn’t the right call for you, here are a couple of things to consider:
Web services
There are websites you can use to sell your home without the help of a real estate agent. One example would be For Sale By Owner, a service which helps you list on realestate.com.au and other services.
Using a web service is great if you have limited time, want to sell fast and don’t want to use an agent. In addition to For Sale By Owner, there are many other such services operating in Australia.
Saving money elsewhere
Of course, if money is an issue, you might be able to save enough to pay for the agent’s commission by conducting a health check on your mortgage. Shop around for the best available mortgage package right now, and consider refinancing if it makes sense. You can contact Mortgage House about refinancing if you think you can get a better deal on your home loan.
Mortgage House
At Mortgage House, we’re no strangers to the homeowner’s journey. It’s a long (but rewarding) one.
But don’t worry, we can help with that.
If you’re thinking of buying a home, you can contact us for advice about the best options for you when it comes to your mortgage. The cost of your mortgage can drastically affect your financial planning, so it pays to speak to the experts about it.
