I would not say there are many dangers but there are certainly many negatives. There are better online sites to use to sell your property privately.
Is Gumtree the best site to advertise my Private Sale?
Let's look at Gumtree first. It is a great site. It is visited by probably many, many people each day. I do not think there is a person who has not visited the site at least once. It is free. It is probably the best site if you want to purchase or sell a second hand item such as white goods, furniture, personal items etc. It has a reputation of being a bargain hunter's paradise. There is nothing wrong with that. But is it the site you would visit to buy a car? Probably not, you would probably look on carsales.com.au. Likewise, it would not be the first site to visit to buy a property.
The ReDIY site has many benefits for Buyers looking to buy in Victoria.
Firstly, when you sign up, you can chat directly to the Seller, through our Chat function on our website. The site also allows you to submit your offer. You can negotiate directly with the seller, without the face to face interaction. This makes it more comfortable for both the seller and the buyer.
Have you ever seen a Real Estate Agent's advertisement for a property sale on Gumtree? I doubt it. Real Estate Agencies use dedicated Real Estate Sites to advertise properties for sale. Buyers are very aware of this. Buyers seek properties for sale on dedicated Real Estate Sites.
Gumtree has its place in the market and has a huge following. It's just not property seekers. The big attraction is that it is free which is why some private sellers consider the site. They are trying to minimise the cost of selling. No commission payable to an agent. Consider this, if you only advertise on Gumtree, you don't pay anything but if you don't sell you don't get anything either. Visit ReDIY, to sell your home privately using online advertising on the major real Estate sites.
Where can I advertise, online, my Private Sale?
When selling a property, the first thing you need is enquiries. If no one enquires, no one inspects and then no ones buys. A small outlay on advertising can put more dollars in your pocket.ReDIY can advertise your private sale on all the major Real Estate online sites.
We are not suggesting that you don't try to sell it yourself. However, it is sometimes wise to spend a little to gain a lot. It does not cost very much to advertise with ReDIY on Realestate.com.au, domain.com,au and other dedicated real estate sites. Yes, save on the commission but consider carefully where your property should be advertised. The property needs to be advertised where genuine buyers will find it so that you will save even more, at the time of negotiating the highest possible price, from the interested buyer.
Newspaper advertising is no longer necessary. It is all about the Internet. Online advertising for Private sales is easy with ReDIY. The two major Real Estate sites are Realestate and Domain.com.au. Herein lies a problem. Private Sellers cannot have direct access to Realestate.
Advertising with ReDIY on Realestate.com.au
Realestate market themselves as Australia's #1 place for property with over 1,000,000 visits every day. However, to advertise your property for sale on Realestate, you need to hold a registered real estate licence. Note: Private listers (owners or vendors) cannot advertise property directly on Realestate. (This is taken directly from their website.) Keep reading, ReDIY can list your property online on Realestate and Domain
Advertising with ReDIY on Domain.com.au
Domain market that they can give exposure to 5.9 million property seekers each month and up to 3.4 million in another page on their website. Whatever the number, it is a lot. Private Sellers can advertise directly on their web site. However, the costs range from $600 to $700 in increments of either 8 weeks or 12 weeks. So, if you do not find a buyer within the time frame, you pay again. ReDIY can list your property online for sale on Domain and Realestate for a lot less, half the price. You only pay once, for all sites, and it remains there until sold. There are other dedicated real estate sites, such as homesales, allhomes property,homely, and more. With ReDIY, your advertisement will be listed online on Realestate, Domain and these other dedicated real estate sites, all for one low price, until sold.
How long will it take to receive enquiries from ReDIY?
Once you have the property advertised on the major Real Estate Sites, the enquiries will come in. Because of the policy of Realestate, the initial enquiry must come to us. We forward it on to you in two ways. An email and in your own dashboard on our web site. The emails enquiries are always forwarded on immediately. The phone enquiries that come in between 8am and 10pm Brisbane time, 7 days a week, are forwarded immediately to you. Phone enquiries that come in after 10pm will be forwarded first thing in the morning. Once you have made the initial contact with the prospective buyer, you can then deal directly with them. During this contact, it is a good opportunity to ask some qualifying questions. "How long have you been looking?', "What other properties have you looked at? " "What was wrong with them?" "Have you seen the bank?" The answers to these questions will give you a good indication as to whether they are a genuine buyer.
ReDIY tips for conducting smart Open for Inspections.
You can conduct the inspections by either a Private, one on one appointment or an "Open for Inspection." If you choose opens, consider setting a time on a weekday evening or Sunday afternoon. These are times when people tend to be more relaxed. It is also an opportunity for all the decision makers to be present. There is nothing worse that a husband inspecting for a long period and then saying he will have to make a time for his wife to have a look, and you never hear from them again. Most Real Estate Agents conduct their opens on Saturday mornings. This requires pre planning on the buyers' behalf. They have to determine which they will inspect and which they will not.
What should you know about Negotiation.
As much as possible. The most important part of the entire process, is the negotiation. Read some books on Negotiation. There are many good ones available. Do not let emotion cloud the negotiation process. Another option is to enlist a trusted friend or relative to conduct the negotiations on your behalf. It is a lot more difficult to negotiate when you have an emotional attachment to the item.
Who should prepare the Contract of Sale?
Once you have found a buyer, engage a good conveyancer to act on your behalf to take over the legal documentation.
Advertise your private sale, online, for a low, one off fee, with ReDIY.
We want to assist you to advertise your property where it will be seen by genuine buyers. This is not Gumtree. We will advertise your property online on www.Realestate, Domain and 8 other sites for just a one off, low fee. It will remain on all sites until sold. We do not want to sell it for you. We give access to private sellers to advertise online.
That is a job that you have taken on. We wish you all the best and hope that your private sale sells quickly and you achieve a great price. ReDIY is here to offer assistance with your online advertising of your private sale.