Kittycatkin, kitty179 and catwoman.... ????⬛

sparkychap - 2021-03-31 11:44:00

catwoman1974 wrote:

Why would you sell privately? Go to auction through a real estate agent. Property in Manurewa that a GV of about $700K sold for about $2M. Don't be fooled about "saving money" going privately, might cost $50K through a real estate agent, but you will get the maximum money that someone is willing to pay for it

Doesn't follow at all, I hate auctions wont go near them (they are not that popular in Wellington)

I can think of 2 occasions where I would have payed more than the property sold for and another where were not told about being in a multi offer situation so there's 3 where a vendor could have sold the house for more.

Although of course had I bought the first house the second 2 probably wouldn't have happened!

Edited by magicroundbout at 1:39 pm, Wed 31 Mar

magicroundbout - 2021-03-31 13:39:00

sparkychap wrote:

The thing about Open Homes is that they are generally organic in nature. Registering in advance is a bit silly really - do you think the agent is really going to stand there at the door turning away last minute punters. And who gives a shit about the nosy neighbours and tyre kickers? If they add to the perceived demand, they can nose all they like.

plus, if you are selling, generally you have already moved out in your head. The buyer might be a current neighbour or have a friend or family who is looking.

princess52 - 2021-04-01 15:49:00

omaria wrote:

I work from home so no issues there. The reason i'm considering a private sale is not just saving on agent fees, but considering open homes and auctions, do my head in. We have some very good and professional advisors behind us :)

You don't have to have open homes or an auction. But the open home is at a set time and gives many buyers the opportunity to view at that time. Would you prefer a buyer ringing you at an unsuitable time saying they'll be over in 5 minutes!

committed - 2021-04-01 17:39:00

Well we tried selling privately for a year and then signed up with an agent and then she sold it after 6 months. Seriously so many low ball offers, so many tyre kickers, so many hopefuls who could not afford it. You are better off with an agent.

kamo631 - 2021-04-01 17:51:00

committed wrote:

You don't have to have open homes or an auction. But the open home is at a set time and gives many buyers the opportunity to view at that time. Would you prefer a buyer ringing you at an unsuitable time saying they'll be over in 5 minutes!

I doubt any agent would want to give that little notice. When I am working I dont answer my phone, but i get your point.

omaria - 2021-04-01 22:11:00

omaria wrote:

Even if we sell privately we always work via our lawyer and experienced professionals for advice and guidance. These days things are changing so quickly. We are not as naive as some may think, we did run 2 very succesful businesses but have always employed accountants and professionals when needed. Its just that now we are elderly and brain cant keep up with today's technology. We have different skills.

So you understand the value is employing professionals and taking their counsel, but you don't want to employ the very person who is the most skilled to sell the asset. Now there are good and poor agents, so the choice is important, but its not hard to ask around, do some research and secret shop possible candidates before asking them to provide an appraisal.

sparkychap - 2021-04-02 09:21:00

omaria wrote:

I doubt any agent would want to give that little notice. When I am working I dont answer my phone, but i get your point.

I wasn't talking about an agent, I was talking about a private buyer phoning you at short notice. And how on earth do you expect to sell when buyers will get frustrated at you not answering your phone?

Edited by committed at 10:33 am, Fri 2 Apr

committed - 2021-04-02 10:30:00

committed wrote:

I wasn't talking about an agent, I was talking about a private buyer phoning you at short notice. And how on earth do you expect to sell when buyers will get frustrated at you not answering your phone?

When a message left I always return the call. We are not in a hurry to sell and have a few appraisals.

omaria - 2021-04-02 17:19:00