Selling your house yourself

[Autech]

Hi KBers

Just wondering if anyone on here has gone down the route of a private sale.

Mrs and I are looking at relocating to the mainland (north island for you confused South Islanders) and are in no particular hurry to sell.
I would think that with Trademe these days and a decent lawyer (which we have) there's no real downside to it.

The commission that agents take in my mind is pure extortion, particularly in a market like Chch where for a long time there all they had to do was put up the sign and the place sold. If I could save myself 20k I'm all for it!

Basically wanting some pro's and cons from someone who's been there and done that.

[Voltaire]

My sister sold her house on Trade Me last year, arranged photos to be taken, did the open homes herself and negotiated the sale with some assistance from her Solicitor.
I was surprised as she had zero experience.
Got more than they were expecting and would do it again.

Probably easier in a sellers market. Agents in theory have a better idea of what you will get and the 3.5% they charge is reflected in this.

[swarfie]

Get the agents in to do the "free no obligation appraisal" and go for it. Got no problem shafting those thieving mongrels. Your right...it's extortion the fees they charge for sometimes very little actual work.

[jasonu]

Hi KBers

Just wondering if anyone on here has gone down the route of a private sale.

Mrs and I are looking at relocating to the mainland (north island for you confused South Islanders) and are in no particular hurry to sell.
I would think that with Trademe these days and a decent lawyer (which we have) there's no real downside to it.

The commission that agents take in my mind is pure extortion, particularly in a market like Chch where for a long time there all they had to do was put up the sign and the place sold. If I could save myself 20k I'm all for it!

Basically wanting some pro's and cons from someone who's been there and done that.

I always thought the 'Mainland' was the South island.
Good luck with your sale.

[Swoop]

Two very close experiences with private deals.
My Mum purchased her new home as a private deal through "Green Door" where private sellers advertise their home. Lawyer to take care of the transaction. Very happy.


My very good mate sold up and moved to Australia (fuck knows why you'd want to move there...) and sold privately. He paid a few hundred for professional photos to advertise and then lawyers took care of the rest.
Interestingly he sold to people moving OUT of the brand new "wonderful Hobsonville Point" development. They were not happy at all with living there.

TardMe prices to advertise a house has become a joke (of the EXPENSIVE type). Even the real estate companies abandoned ship and set up their own website as an alternative to being arse-raped by BetradeMe.

[Mike.Gayner]

We purchased our home from a private seller 6 years ago. Found it on Trademe. Very easy deal.

[AllanB]

Some tight Scotish cunts I know sell themselves.

Buyers usually come in a bit lower knowing you are nit paying a rude agent fee.

Really hard to tell if you are ultimately better off.

I have found agents fees can easily be negotiated down (even arse-wipe Harcourts) at least a quarter of what they originally tell you.

[jim.cox]

It is not that hard to sell or buy a house

3.5% of 1 mil is $35K

I know how hard I have to work to earn that figure

Make sure you get your $$$ worth if you do through an agent

[neels]

Have known a couple of friends who have sold privately with no issues, if its a house with no issues at the right price it will sell.

Having said that, as above buyers will expect to pay less, and a good agent will do a lot of leg work on your behalf and can potentially save quite a bit in lawyers costs sorting stupid little details

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[pritch]

My next door neighbour sold his house on TradeMe. He didn't tell me any details and I didn't ask.

Locally a valuer will cost about $600.00.

You could save the estate agent's fees that way, but I wouldn't advise trying to save on the lawyers fees.

[awayatc]

Sold private more then once....
And bought private twice as well.

Last house we sold private we got a valuation done and we pretty much asked and got that price...

Easy quick and stress free affair all round

[ruaphu]

I always thought the 'Mainland' was the South island.
Good luck with your sale.

Fook it......... here's me thinking it was a cheese ffs.

Yeah same here, go for it, go private and keep those scum sucking real estate tossers from thieving a single fuckin cent from ya. The money saved could well get a half decent ride, errr holiday for the family [emoji106].

All the best with the sale.


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[R650R]

As a buyer I'd love to be giving my ALL money to seller and not real estate scum. Hopefully with cheap access to photos these days and electronic sales sites they will be a dying profession.
All they are after is their commission so really they are not concerned if your 300-500k house sells for 20-40k less than it could have....
The only benefit I see is if you want to sell fast at good price and then it makes sense as they will have lots of serious buyers to bring through quickely.

[F5 Dave]

Yeah I've done it before tradeMe houses got up to speed.
The salesperson you use will be more competent and focused on the best sale outcome . Ie; you.

The very best advice I can give you is pay for an independent valuation. This can be used to help with the marketing and helps people feel like they aren't paying over the odds. Also stonewalls the lowballers.

Also get a sign made up from a printer that does real estate boards. Will have pictures details and not the faces of some agent.

Pm me if you want to pick my brains over the phone.

[skippa1]

Done it 6 times over the last 15 years (i know.....move around a lot)....never got a valuation, did our own photos. Advertised on Trademe, always got what we wanted, once got a lot more.
Went down this track after we sold a house in Thames.....the agent did nothing for 2 months, we ended doing our own sign out front with pictures. A passerby saw the sign, came in and offered the asking price with settlement in 7 days...unconditional. Agent stung us for the commission as they had sole listing. Cost us $18k at the time for fuck all. Never again.

these days buyers scan Trademe, in my view an agent does nothing really now.

[jim.cox]

in my view an agent does nothing really now.

Not quite true

They pressure you to sell at below your asking price

They charge you extra for advertising

They rip you off

They fuck you over

Scum indeed

[Zedder]

Interestingly he sold to people moving OUT of the brand new "wonderful Hobsonville Point" development. They were not happy at all with living there.


I wouldn't be happy living at Hobsonville Point either.

[caseye]

I wouldn't be happy living at Hobsonville Point either.

Been in there? It's a fucking rabbit warren! Tracks too narrow, boxes too close together, over priced cheap as materials building and building practices, wouldn't see me in there ever.

[Autech]

Cheers for all the feed back guys.

Think I will give it a shot! Worth it to save throwing away 20k on something I am capable of doing myself.


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[mashman]

My sister sold her house on Trade Me last year, arranged photos to be taken, did the open homes herself and negotiated the sale with some assistance from her Solicitor.
I was surprised as she had zero experience.
Got more than they were expecting and would do it again.

Probably easier in a sellers market. Agents in theory have a better idea of what you will get and the 3.5% they charge is reflected in this.

Word......

[Zedder]

Been in there? It's a fucking rabbit warren! Tracks too narrow, boxes too close together, over priced cheap as materials building and building practices, wouldn't see me in there ever.


Unfortunately I have been there, my first reaction was WTF??? It got worse from that point on...

[Laava]

We have listed two properties on TM ourselves and would have to agree it is the best deal for you if you sell. My opinion, spend time and or money getting amazing photos and a fly around video. Price is usually obvious based on local listings and sales.

[BigB]

Hi Sold our house though home sell, they did the pictures & arranged at the advertising signs/flyers cost about $1k all up. Sold the house in 2 days buyer saw it on TM, but I also had an asking price on it made it a lot easier as didn't have time wasters.

cheers

[Akzle]

Been in there? It's a fucking rabbit warren! Tracks too narrow, boxes too close together, over priced cheap as materials building and building practices, wouldn't see me in there ever.

fucken ehh. all of auckland is shit. and the fucking cunts have started building their gay shit up here and all.
shit ass house on shit ass ground, 3 feet from their neighbours identical shit ass house.

did the original demo and some cuts at hobsonville clearing out the old navy houses (native timber and shit, pah! and quarter acre sections! who'd have THAT when you can have plaster board and paint and barely a fucken mowers' width around you)

fucken homos the lot of em. should be stacked in little concrete boxes... or chained to their desks.



..or kill them all.
vote akzle.

[Voltaire]

fucken ehh. all of auckland is shit. and the fucking cunts have started building their gay shit up here and all.
shit ass house on shit ass ground, 3 feet from their neighbours identical shit ass house.

did the original demo and some cuts at hobsonville clearing out the old navy houses (native timber and shit, pah! and quarter acre sections! who'd have THAT when you can have plaster board and paint and barely a fucken mowers' width around you)

fucken homos the lot of em. should be stacked in little concrete boxes... or chained to their desks.



..or kill them all.
vote akzle.

Translation: No I have never sold a house myself.

[Moi]

... at Hobsonville clearing out the old navy houses...

No naval housing at Hobsonville - it was RNZAF... originally the flying boat base and then in later years the helicopter base...

[Akzle]

No naval housing at Hobsonville - it was RNZAF... originally the flying boat base and then in later years the helicopter base...

yeah well that would make more sense, what with the air base and all. but, y'know. beersies.

[Moi]

yeah well that would make more sense, what with the air base and all. but, y'know. beersies.

I'd have thought you'd be into lightly chilled pinot gris...

[Akzle]

I'd have thought you'd be into lightly chilled pinot gris...

the only fucken "pin not greased" are the ones on my fucken digger. but i'm guessing you're too drunk to spelling.
my other pin is very well greased. by whores. warm whores.

wait, what was the question?

[jafagsx250]

Translation: No I have never sold a house myself.
You're being far too generous. You're implying that he's bought a house.

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[Akzle]

You're being far too generous. You're implying that he's bought a house.

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i think what your faggotry means to imply is "have i ever assumed the role of a legal person holding fee simple title to property"



.. but y'now. jews and shit.

[Mully]

I was keen to have a go myself, but the wife was a bit nervous. (we're currently listed).

Pay for the photos yourself, and choose a good provider. Most are shit photos. Dress the house well.

We're on track to pay $30k to the agent, and I'm sure we could have done it ourselves.

[F5 Dave]

Sfunny how people get conditioned by convention.
I had an agent call me up and (this was when it wasn't common) incredulously ask if I was trained in the legal aspects of house sale. I admitted, No. But my lawyer was and was a lot smarter than him. (Agents do like a 4 day course).
Got a bit huffy. Inferred I'd get a lot less money or not sell and the conversation ended. He was wrong on both counts.

[neels]

But my lawyer was and was a lot smarter than him. (Agents do like a 4 day course).
Been there and done that, had our lawyer call and tell us a purchase was off because the agent had fucked up the contract, I ended up having to explain what he'd got wrong.

Since then I've learned a bit, and pretty much every time buying and selling have had to tell the agent how the contract should be written up so it actually works.

[Laava]

There is a lot of people that do not want to go down the private purchase route and will approach a real estate agent instead of the owner direct. We had a property for sale and listed it privately about 8 yrs ago when the market was a bit slow and depressed. In the end we listed it with LJ's and the lady that bought it almost straight away said she had seen it advertised privately but didn't want to purchase without a land agent. End result, she paid the same price and we lost out on the commision. Meh, that is how it goes with some folk!

[Mully]

End result, she paid the same price and we lost out on the commision. Meh, that is how it goes with some folk!

Mmm, some friends of ours, who weren't even on the market, got a knock at the door from an agent with someone who wanted to buy.
And she'd put them in touch as long as they signed a contract with her...

[Autech]

House is almost ready so will be listing soon. Convinced wife to give it a try, anyone wanna buy a house? Lol


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[russd7]

House is almost ready so will be listing soon. Convinced wife to give it a try, anyone wanna buy a house? Lol


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naaaa not in CHCH, don't know what yous fellas have one up there but somit goin off, fire an brimstone an all.

mind you, seems to have fixed the problem with all them mountain bikers that were tryin to keep up that cost us ACC payers

[speedpro]

There is a lot of people that do not want to go down the private purchase route and will approach a real estate agent instead of the owner direct. We had a property for sale and listed it privately about 8 yrs ago when the market was a bit slow and depressed. In the end we listed it with LJ's and the lady that bought it almost straight away said she had seen it advertised privately but didn't want to purchase without a land agent. End result, she paid the same price and we lost out on the commision. Meh, that is how it goes with some folk!

Whatever price you were asking you didn't get while trying to sell privately. You DID get it with the agent, minus commission. I wonder if you could have sold privately for the asking price minus commission.

I haven't seen an unhappy vendor in our office yet after a sale has gone through. I'm not selling, I'm on the property management side and sit out front.

[haydes55]

My parents just sold 2 houses in Auckland privately, just 2 trade me ads and 2 months. Saved themselves about an average annual income.

Every man and his dog seems to be training to be a real estate agent. Easy short course and potential to make silly amounts of money doing fuck all. The real estate agent who I bought my house through probably put in less than 10 hours work to sell the house. We were the second people to view, we saw the house on trade me, we phoned her off the trade me ad. They vendor could have done it himself and saved thousands.

[YellowDog]

Lots of predators out there looking for dumb private sellers to screw over. They'll say anything to buy as cheap as they can and they are not always agents themselves. Some have done well with private sales, particularly those able to express themselves and whom don't mind talking to people. Many however really screw it up and end up going to an agent, after a few months of failure. 'Buyers are Liars' is the phrase banded about. The problem is that 90% of homeowners (some agents too) don't understand why their house is or isn't sell-able and rely on being lucky, which they sometimes are. Sure, it may well be better than the $1.2m Hobsonville Point rabbit hutch, where you can hear your neighbour taking a dump, but it still may not be sellable. Also, get one thing wrong and you can have your arse sued off. Even 20 years down the line, you can have your arse sued off. There are some very complex areas of law involved and provided you declare everything to the agent, the screw up becomes their problem.

If you are going to do it yourself, make sure you get a lawyer approves every word of your advert. There's a dumb bitch in Torbay, who advertised her 174sqm dwelling on a 585sqm section, as a 220sqm dwelling on a 750sqm section. Apparently the agent, whom failed to get the listing, provided the new owners with all of the information they needed.

There are many desperate agents around willing and able to provide a low commission fee and help avoid the potential of a future time-bomb :yes:

[jafagsx250]

naaaa not in CHCH, don't know what yous fellas have one up there but somit goin off, fire an brimstone an all.

mind you, seems to have fixed the problem with all them mountain bikers that were tryin to keep up that cost us ACC payers

I'm surprised Brian tamaki hasn't said something controversial about gays n them causing divine intervention on our sinful as society haha.



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[F5 Dave]

I can't imagine paying someone stupider than I am, which let's face it, is pretty stupid, to be responsible for the sale of my biggest asset.

Fuk off.

[Grumph]

naaaa not in CHCH, don't know what yous fellas have one up there but somit goin off, fire an brimstone an all.

mind you, seems to have fixed the problem with all them mountain bikers that were tryin to keep up that cost us ACC payers


I'm surprised Brian tamaki hasn't said something controversial about gays n them causing divine intervention on our sinful as society haha.


The problem's the Canadian Anglican Bishop. She's holding up the rebuild of the cathedral. As a one -eyed cantabrian born and bred - and an unbeliever - I'm well aware how integral the cathedral is to the wellbeing of the area....
I've heard that she's doing a bit of a land agent act too - wants a new admin center for the Anglicans rather than a cathedral.

I'd be checking where Cassina was when the fire started....

[Ocean1]

I can't imagine paying someone stupider than I am, which let's face it, is pretty stupid, to be responsible for the sale of my biggest asset.

Fuk off.

Aye. A friend once dabbled as a pro, having already had all the requisite paperwork, etc. Only for as long as it took him to get a proper job, understand.

One of the reasons he gave for the temporary nature of his effort was, (and this was '95 odd, having been redundified) that the number of registered agents in major cities had long since exceeded the number of properties sold per year.

He did OK, but his level of effort was all that made it pay decent wages. The average agent is in the game because it's close to a substantial stream of cash and they didn't stay at school long enough, (or did so involving underwater basket weaving) to earn as much for as little effort anywhere else.

[Grumph]

House is almost ready so will be listing soon. Convinced wife to give it a try, anyone wanna buy a house? Lol


Well, someone's got to say it....Surprised you're not listing with Mike Pero - at least he's putting money into something you're interested in....

And for those of youse who haven't been to a MP sponsored meeting, there's a mobile real estate office set up at them, never let a chance go by eh....

[jafagsx250]

The problem's the Canadian Anglican Bishop. She's holding up the rebuild of the cathedral. As a one -eyed cantabrian born and bred - and an unbeliever - I'm well aware how integral the cathedral is to the wellbeing of the area....
I've heard that she's doing a bit of a land agent act too - wants a new admin center for the Anglicans rather than a cathedral.

I'd be checking where Cassina was when the fire started....


The administration center maybe a better use of money but the cathedral is iconic and is a part of Christchurch and it's cultural heritage. Maybe she's waiting for the after shocks to go away.

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[Grumph]

The administration center maybe a better use of money but the cathedral is iconic and is a part of Christchurch and it's cultural heritage. Maybe she's waiting for the after shocks to go away.

Better she went...The church has spent all the money they got from the insurance on suburban and outlying churches post quake on I understand, running costs and the "temporary" cathedral...How St Barnabas got repaired I surmise is down to a rich flock....possibly a high lawyer content too.
Local to me we have a very historic stone church which according to the bish will never be repaired.

[Swoop]

The problem's the Canadian Anglican Bishop. She's holding up the rebuild of the cathedral. As a one -eyed cantabrian born and bred - and an unbeliever - I'm well aware how integral the cathedral is to the wellbeing of the area....
I've heard that she's doing a bit of a land agent act too - wants a new admin center for the Anglicans rather than a cathedral.

So long as the church is paying for the rebuild, they can go for it.
Their tax-free, rates-free status means they shouldn't expect ratepayers or taxpayers to contribute one single cent to their House of Imaginary Friends.

[jasonu]

So long as the church is paying for the rebuild, they can go for it.
Their tax-free, rates-free status means they shouldn't expect ratepayers or taxpayers to contribute one single cent to their House of Imaginary Friends.

Yep their land and money so they can do what they want (within the local rules of course) but don't be surprised if or when the hand goes out and their coffers are filled with yours and other tax payers cash.

[neels]

don't be surprised if or when the hand goes out and their coffers are filled with yours and other tax payers cash.
Funny you should say that...

http://www.stuff.co.nz/national/89571654/government-church-at-odds-over-offer-to-restore-christ-church-cathedral

Interesting that the majority of comments suggest that people are sick of the whole thing and don't care if it's bulldozed, so quite correctly they can knock it down and do what they wanted to 5 years ago on their land, before the moaning pricks stopped them.

[Autech]

Well, someone's got to say it....Surprised you're not listing with Mike Pero - at least he's putting money into something you're interested in....

And for those of youse who haven't been to a MP sponsored meeting, there's a mobile real estate office set up at them, never let a chance go by eh....

Haha funny you should say that as he's hooked me up with tickets to museum opening... That and someone I know has just got licensed n is selling houses for him.

Buttt...


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[Autech]

http://www.stuff.co.nz/business/89839790/real-estate-clients-dont-like-flashiness

Topical article in stuff today... Really hammers home the point doesn't it?

[Paulo]

Yes sold my first house earlier last year. I couldn't stomach giving cash to some slimy agent. some info if that at all helpful)

I took the photographs and wrote the blurb for the advert on Trademe.

Provided a lim report and had as much info available for the buyers at the open home so they were in the know about coucil compliances etc. We were as transparent and honest as possible about everything as this is my biggest issue with agents hiding things and being generally deceitful.
We ran the open home over 3 weekends and allowed people to bring builders in for check etc on the last week before asking for the expressions of interest.

had a set date and time to receive offers (expressions of interest) once those were in we let everyone know what the best offer was and gave them a chance to match it ( in a final round two where there best offer was put down on a sales and purchase agreement)
we were open about the process so everyone who put in an offer knew the process before starting.
we received the second round of offers and went with the one that was best.

We were happy, the buyer was happy and I got another bike with the money I saved not paying a realtor. Perhaps a realtor may have gotten a bit more but fuck it it was worth it just turning away the multiple phonecalls and uncsolicited emails from agents desperate to sell it for me (we still got more than any of the realtors had promised whilst trying to get some business)

All up it cost a lot of time and energy you have to be prepared to answer emails and phonecalls and be polite and helpful , The legal fees came to about $900 all up and a couple of hundred for the trade me ad from memory. It was a lot of work but I still feel it was worth it and very satisfying not using an agent.