Private sales good strategy or not?

I understand why people will give it crack selling privately,and in most cases its to save on paying an agent commission.

But the question is "is this the best strategy?" Generally people start by putting a sign out the front of their property & then list on the trademe website. Some people do manage to sell – others start to get annoyed very quickly with tyre kickers or ridiculously low offers. Even those that did sell, you have to ask the question – did they end up getting the very best price possible for their property.

For those whom manage to sell did they save money or did it cost them in thousands $$$ by not getting the best price the market had to offer. Our aim at Bayleys is to always achieve a premium price for your property,exposing it to a broad audience then creating a competitive environment from those interested buyers.

At present properties are selling within just a couple of weeks(Buyers are generally more interested in property new to the market)this is all done with the minimum of stress and with vendors ending up with more money in their pockets – even after paying a commission.

Anyway – let me ask you – when people look at buying a used car privately, what do you think there expectations are – that’s right they are looking for a bargain and not to pay the best price.

THE SAME APPLIES TO REAL ESTATE

Barry McKean
Bayleys Residential Specialist