Selling your house privately can be a great way to save money, as you avoid paying real estate agent commissions and other related fees. However, it’s important to understand exactly how much do you save selling your house privately compared to hiring a realtor. Sale by Home Owner Australia can help guide you through the process of selling privately and highlight the potential savings involved.

1. Avoiding Realtor Commission Fees

One of the biggest advantages of selling privately is the savings on realtor commission fees. Typically, when you hire a real estate agent, they charge a commission, which can range between 1.5% to 3% of the sale price, depending on the market and the agent. For example, on a property sold for $500,000, you could end up paying $10,000 to $15,000 in commission fees.

By choosing to sell your house privately through Sale by Home Owner Australia, you eliminate this cost. Instead, you only need to cover the costs of listing your home online and any associated marketing fees, which tend to be much lower than agent commissions. This can result in significant savings, especially for high-value homes.

2. Additional Savings on Advertising Costs

When you work with a realtor, they typically handle advertising, which might include professional photography, listings on real estate websites, and other marketing expenses. These services are often included in the agent's commission but could be costly if you choose to pay for them separately.

However, selling privately with Sale by Home Owner Australia allows you to choose the level of marketing you want and only pay for the services you truly need. We offer marketing packages tailored to suit your needs, including professional listings on popular real estate platforms, yard signs, and social media promotion. This flexibility lets you control your budget and avoid paying for unnecessary extras.

3. Control Over the Selling Process

Selling privately gives you complete control over the entire process. You can choose the best time for showings, schedule open houses, and decide how to negotiate with potential buyers. When you hire a realtor, they generally take charge of these tasks, which means you may lose some control over the sale timeline and terms.

By being actively involved in the sale process, you can ensure that every decision aligns with your goals. This control allows you to make decisions that may help close the sale more quickly, ultimately saving time and money.

4. No Hidden Fees

Real estate agents may charge hidden fees beyond their commission, such as administrative fees, marketing costs, and transaction fees. These additional costs can add up quickly, impacting your overall savings. When selling privately, there are fewer hidden fees involved. You pay for specific services you select, and the process tends to be more transparent.

5. Understanding the Trade-Offs

While selling privately saves you money on commissions, it’s important to acknowledge the trade-offs. Realtors offer professional expertise, market knowledge, and negotiation skills that can be valuable in complex or competitive markets. Without an agent, you take on these responsibilities, which may require more time and effort on your part.

Additionally, some buyers may prefer working with agents as it provides a layer of security and professionalism. However, with Sale by Home Owner Australia, we provide the tools, guidance, and support to help you navigate the selling process effectively, even without an agent.

Conclusion

The answer to how much do you save selling your house privately depends on your property value and the services you choose. However, the potential savings can be significant, especially when you avoid paying realtor commissions and other associated costs. By selling privately through Sale by Home Owner Australia, you gain full control over the sale process, save on fees, and can ensure that the sale aligns with your needs. Whether you are selling a high-end property or a modest home, selling privately can provide you with the opportunity to save thousands and keep more of the sale proceeds.