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For sale by owner selling is on the increase. For sale by owner of FSBO is becoming increasingly popular as people look at ways to reduce the heavy cost burden of selling their home. People are selling their own home for a variety of reasons such as:- Save agents commission Sense of accomplishment Privacy surrounding the sale Feel they can do a better job of selling Would like to get to know the new owners
This isn't an exhaustive list of reasons why people may wish to sell their own home and you may have other reasons. Obviously the savings because of having no agent commission is at the top of most people's lists. To illustrate the potential savings let's look at the scenario of a person selling a $500,000 property in Sydney. The commission at a 3% rate would be a staggering $15,000. Now,lets put that $15,000 into perspective. To save fifteen thousand dollars would mean that the average person (depending on their marginal tax rate) would need to first earn something like $23,000... and that's assuming they didn't spend any of the $23,000. Remember that when you are selling a home you will inevitably encounter a great many other costs as well, such as:- Conveyancing or solicitior fees Moving costs ie your removalist Disconnection and reconnection of services Mail redirections Furniture changes or upgrades Stamp duty or Capital gains ( for investment properties ) ...and so on. The poor old seller cop's it on both sides of the equation - when selling ( you pay commissions ) and when buying ( you pay stamp duty ). For many sellers there's also the cost of remortgage or otherwise early pay out costs on an existing mortgage. From start to finish...it's entirely possible to lose $50,000 or more when selling and buying again. For people with very expensive homes eg in the one million dollar category, just the commission alone, at say 2%, would equate to $20,000! Why people should pay more just because they have a more expensive home is another of our pet hates about the industry. With our system you don't pay more because your house is worth more. With all the above digging deep inside your pocket it's small wonder then, that people are seeking other solutions in selling their home to avoid agents fees. The question isn't really whether it's a good idea to private sell, but rather whether you can do it effectively... and that's where the PropertyNow Network comes into it's own. To understand how simple and powerful the PropertyNow For Sale by Owner system is check out our How it Works page. You'll recognise that we have built the most effective FSBO selling system in Australia. If you're a For Sale by Owner candidate then your journey has ended since you've now found the finest FSBO system and tools anywhere in Australia....... right here at PropertyNow !
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