3 bedrooms house with downstairs self contained bedsit for teenager or in laws. Henderson area. Room at back section for sleep out or single dwelling.Not sure how private sale works and if its worth it to save on agent fees.

Edited by omaria at 9:05 pm, Mon 29 Mar

omaria - 2021-03-29 21:04:00

I will buy it if its cheap enough.

ash4561 - 2021-03-29 21:12:00

Workout a realistic price. Get your lawyer to check the sale & purchase contract BEFORE signing. Make sure the buyer pays a deposit. Go for it. Not harder than selling anything else.

pcle - 2021-03-29 21:17:00

This message was deleted.

domy2010 - 2021-03-29 22:05:00

Hmmm... how do I say this gently? Judging by other questions you have had on various parts of this forum on various topics over the years I would strongly suggest that you use an agent.

cinderellagowns - 2021-03-29 22:06:00

Unless a private seller is willing to really do some research and homework, and knows how to negotiate for a good price, an agent is advisable. It's not hard to sell a home as such - but sometimes it is still more profitable to pay the agent's fee than settle for a lower price doing it yourself. Individual decision, but don't kid yourself that it's automatically more in your favour to sell privately.

kitty179 - 2021-03-29 22:18:00

domy2010 wrote:

Why do buyers want to provide bigger prices to real estate agents rather than private sellers?

Negotiating a house sale isn't easy. I've done it once and I won't do it again. House buyers can be a right pain in the proverbials to deal with, and an agent will have likely seen it all before.

apollo11 - 2021-03-29 22:28:00

This message was deleted.

hooserat - 2021-03-29 22:32:00

You might get a valuer through, they are pretty cheap compared to the price of a house.

tygertung - 2021-03-29 22:53:00

cinderellagowns wrote:

Hmmm...-
how do I say this gently? Judging by other questions you have had on various parts of this forum on various topics over the years I would strongly suggest that you use an agent.

OP - I looked up your old RE threads after Cinders said this ^^^ and I remember you now and your 'to rent' thread. I tend to agree with Cinders - some people can sell privately no problems, but based on your other thread, you seem really lovely, but honestly I don't think that you would be doing yourself any favours going the private sale route.

desi1969 - 2021-03-29 22:54:00

are Arizito working in your area and if so check them out. Their fee's are good and the agents I have met are "on to it"

hammer23 - 2021-03-30 00:17:00

Do not let the only reason you are selling privately be so you can "avoid" real estate agent fees !!
It is generally perserved that because a seller is selling privately, and therefore do not have any real estate fees, so we will offer less !!
Selling a house / property is a really big transaction, it requires a skill set that some people have and some people do not have.. Importantly if you decide to try selling privately, you must have the time and energy to do it... you have to have a job / employment that allows you to basically "drop everything" and attend to property selling matters.. no potential buyer is going to want things delayed because the seller has to apply for annual leave from their employer so they can show you through the house or wait a couple of days until you can find time to slip out of work to get some paperwork down to the lawyer etc... selling your property is basically like have a second job, which needs the first call on your time!!

onl_148 - 2021-03-30 10:27:00

desi1969 wrote:

OP - I looked up your old RE threads after Cinders said this ^^^ and I remember you now and your 'to rent' thread. I tend to agree with Cinders - some people can sell privately no problems, but based on your other thread, you seem really lovely, but honestly I don't think that you would be doing yourself any favours going the private sale route.

I do have very clued up family members helping, I would never sign anything without my lawyer looking at it. We bought this house privately 30 years ago but so much has changed. All above comments are appreciated :) Just wondered if it is worth going that route.

Edited by omaria at 4:29 pm, Tue 30 Mar

omaria - 2021-03-30 16:28:00

onl_148 wrote:

Do not let the only reason you are selling privately be so you can "avoid" real estate agent fees !!
It is generally perserved that because a seller is selling privately, and therefore do not have any real estate fees, so we will offer less !!
Selling a house / property is a really big transaction, it requires a skill set that some people have and some people do not have.. Importantly if you decide to try selling privately, you must have the time and energy to do it... you have to have a job / employment that allows you to basically "drop everything" and attend to property selling matters.. no potential buyer is going to want things delayed because the seller has to apply for annual leave from their employer so they can show you through the house or wait a couple of days until you can find time to slip out of work to get some paperwork down to the lawyer etc... selling your property is basically like have a second job, which needs the first call on your time!!

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 :)

omaria - 2021-03-30 16:32:00

Put all your energy into negotiating the commission rate with the agent.

superdave0_13 - 2021-03-30 16:50:00

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 :)

I saw some agent the other day had 40 groups of people through an open home, in 45 minutes. That would just do my head in. I would want viewing by appointment only (and verification of who they are as well).

lakeview3 - 2021-03-30 16:54:00

lakeview3 wrote:

I saw some agent the other day had 40 groups of people through an open home, in 45 minutes. That would just do my head in. I would want viewing by appointment only (and verification of who they are as well).

Why would it do your head in? Are you there? Isn't having 40 groups through in one go better than 40 individual viewings?

sparkychap - 2021-03-30 17:09:00

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 :)

In this market, there's nothing like a packed open home to encourage offers and loosen wallets. You don't have to auction, and I'd recommend against it in most cases, but a Tender or Deadline sale provides the impetus to get best offers on the table.

sparkychap - 2021-03-30 17:10:00

You'd think that in the current market, people would be selling privately left right and centre, but they aren't. I haven't seen so few private sales in years!

sparkychap - 2021-03-30 17:11:00

sparkychap wrote:

Why would it do your head in? Are you there? Isn't having 40 groups through in one go better than 40 individual viewings?

I would want them to pre register, get some ID and take them all at once. None of this nosy neighbour/type kicker/getting ideas for my home BS for me thanks.

I am not saying 40 is bad so much, just that likely many of them aren’t there for genuine reasons.

Edited by lakeview3 at 5:17 pm, Tue 30 Mar

lakeview3 - 2021-03-30 17:17:00

sparkychap wrote:

You'd think that in the current market, people would be selling privately left right and centre, but they aren't. I haven't seen so few private sales in years!

I had noticed that too actually.

Overall the number of listings is still down though.

lakeview3 - 2021-03-30 17:19:00

sparkychap wrote:

You'd think that in the current market, people would be selling privately left right and centre, but they aren't. I haven't seen so few private sales in years!

Uncertainty over pricing perhaps? I wouldn't feel comfortable trying to put a price on my place, it would be some ridiculous sum that I wouldn't feel comfortable asking for.

apollo11 - 2021-03-30 17:26:00

omaria wrote:

3 bedrooms house with downstairs self contained bedsit for teenager or in laws. Henderson area. Room at back section for sleep out or single dwelling.Not sure how private sale works and if its worth it to save on agent fees.

Well, anyone can sell a house, so skill at all required????. If however you want to get a good , or above good price, are good at ”handling objections”, know the local market and what sold for what and maybe,,, you have a background in sales? , what the heck- go for it ! If not, m as bye it’s best to let someone sell it for you, that knows what they are doing ( an experienced realestate sales person) with a few years under the belt , you may even get more for it at the end of the day ?

argentum47 - 2021-03-30 17:27:00

Could always do a tender or one of those private deadline treaty things.

Probably an auction is the best way to get the best price. Hire your own auctioneer???? Just a thought. What do others think?

lakeview3 - 2021-03-30 17:31:00

sparkychap wrote:

You'd think that in the current market, people would be selling privately left right and centre, but they aren't. I haven't seen so few private sales in years!

Kiwis love having 'My Agent'

funkydunky - 2021-03-30 17:32:00

lakeview3 wrote:

I would want them to pre register, get some ID and take them all at once. None of this nosy neighbour/type kicker/getting ideas for my home BS for me thanks.

I am not saying 40 is bad so much, just that likely many of them aren’t there for genuine reasons.

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.

sparkychap - 2021-03-30 17:36:00

apollo11 wrote:

Uncertainty over pricing perhaps? I wouldn't feel comfortable trying to put a price on my place, it would be some ridiculous sum that I wouldn't feel comfortable asking for.

Yes quite possibly. Pretty much everything is selling around here within a couple of weeks, even the shit pits. But I can't remember the last private sale (and have all new listings on email alerts).

sparkychap - 2021-03-30 17:39:00

This message was deleted.

kittycatkin - 2021-03-30 17:44:00

kittycatkin wrote:

How about character references and police checks ?

It's common sense to put valuables like jewellery out of sight 'just in case', of course.

Is the agent supposed to take mug shots and check references ?

Also probably put down a deposit - say $ 2K each?

sparkychap - 2021-03-30 17:45:00

This message was deleted.

kittycatkin - 2021-03-30 17:49:00

This message was deleted.

kittycatkin - 2021-03-30 17:51:00

This message was deleted.

kittycatkin - 2021-03-30 17:53:00

The member deleted this message.

kittycatkin - 2021-03-30 17:56:00

kittycatkin wrote:

I can only speak for myself, but when we were looking, having the people there was a turnoff. I couldn't have a really good look with them there, it felt intrusive, and left quite quickly. The house we bought was not one of those.

It's fun - you just point at stuff and mutter "that'll need fixing" or "that will be costly".

sparkychap - 2021-03-30 18:07:00

I go to neighbours open homes, how am I supposed to keep up with the Joneses unless I now what they have?
Seriously though I bet a lot of homes have been sold to people simply having a nosy.

heather902 - 2021-03-30 18:16:00

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.

well the last time we had an open home one of the neighbours apparently stood our walk in wardrobe for about half an hour......so yeah there are some weirdos out there I don’t really want in our house, Eg the people next door on one side. Even if they wanted to buy it I wouldn’t sell it to them. Same with my parents neighbour, he just wants to buy up all the surrounding land and make it into one big area. So no, he’s not getting that either.

Here’s a funny story for you. I know some people who live in a lovely waterfront spot, their neighbours were awful apparently and so when the neighbours wanted to sell, money being no object, the people I know bought the house, then demolished it and turned it into a garden! ????????

lakeview3 - 2021-03-30 18:20:00

kittycatkin wrote:

I can only speak for myself, but when we were looking, having the people there was a turnoff. I couldn't have a really good look with them there, it felt intrusive, and left quite quickly. The house we bought was not one of those.

i agree. If there are so many people then you can’t ask good questions or have a decent look.

I mean if someone is selling a really nice property in a good area then it should almost sell itself. We were very lucky to get this place, I had done some work for the people who were selling it and we needed a place to rent while we decided if we were going to build or even find a place that suited us which at the time was proving difficult. After 2 weeks of renting it we offered to buy it and they agreed as they had moved out of town. So lucky.

lakeview3 - 2021-03-30 18:24:00

heather902 wrote:

I go to neighbours open homes, how am I supposed to keep up with the Joneses unless I now what they have?
Seriously though I bet a lot of homes have been sold to people simply having a nosy.

I knew this lady who actually did do that every weekend. She used to drive around looking at open homes.....once I found out she did that, I distanced myself from her! Lol ????

lakeview3 - 2021-03-30 18:26:00

kittycatkin wrote:

How about character references and police checks ?

It's common sense to put valuables like jewellery out of sight 'just in case', of course.

Is the agent supposed to take mug shots and check references ?

yes I would be wanting people to show ID. Maybe I am paranoid but you never know who is casing the place!

lakeview3 - 2021-03-30 18:27:00

lakeview3 wrote:

yes I would be wanting people to show ID. Maybe I am paranoid but you never know who is casing the place!

Is your house special?

heather902 - 2021-03-30 18:30:00

lakeview3 wrote:

Here’s a funny story for you. I know some people who live in a lovely waterfront spot, their neighbours were awful apparently and so when the neighbours wanted to sell, money being no object, the people I know bought the house, then demolished it and turned it into a garden! ????????

Why is that funny?

sparkychap - 2021-03-30 18:32:00

heather902 wrote:

Is your house special?

not really. I mean I love living here, but the house is nothing special. I could make it look prettier but that would cost money and make more maintenance so I can’t be bothered.

It’s low maintenance and warm, all one level and in a nice area so gets the big ✅ from me.

lakeview3 - 2021-03-30 18:34:00

sparkychap wrote:

Why is that funny?

well I thought it was. I don’t think they saw eye to eye. Probably is a bit spiteful to buy someone’s house that they thought was so special and bulldoze it. Oh well.

Oh dear I must have warped humour! ????

lakeview3 - 2021-03-30 18:37:00

lakeview3 wrote:

not really. I mean I love living here, but the house is nothing special. I could make it look prettier but that would cost money and make more maintenance so I can’t be bothered.

It’s low maintenance and warm, all one level and in a nice area so gets the big ✅ from me.[/quote

then yes you are being a bit paranoid. nothing to suggest you are harbouring anything other than bog standard possessions.

heather902 - 2021-03-30 18:37:00

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.

Edited by omaria at 8:39 am, Wed 31 Mar

omaria - 2021-03-31 08:37:00

This message was deleted.

andrew697 - 2021-03-31 09:02:00

omaria wrote:

I do have very clued up family members helping, ....

There is a BIG difference between a 'clued up family member that can help you upload and change photos on TM', and someone with knowledge and experience in marketing, sales, negotiation, etc etc.

When you mention 'doing your head in' honestly I would recommend getting in an agent, and (at the moment and as a fellow Westie) having a campaign that has more set time line to it, like an auction or a deadline sale - will be far less stressful for you to have someone else handle it all for you and know that you've got a (eg) 4 week campaign.

I think travelling the private sale route for you, will cost you more in terms of stress and likely dollars.

(Note; not saying that's true for everyone before people jump on the 'you're just pro-agent' bandwagon, I'm not, some people can absolutely sell privately, and they will LOVE the process - I just don't think OP is one of them :).

desi1969 - 2021-03-31 09:54:00

Why worry about neighbours if you will be moving away from them?
A crowd at an Open Home could suggest that it is a desirable property.

amasser - 2021-03-31 10:31:00

kittycatkin wrote:

I can only speak for myself, but when we were looking, having the people there was a turnoff. I couldn't have a really good look with them there, it felt intrusive, and left quite quickly. The house we bought was not one of those.

It is always possible to arrange a private viewing outside of open home times if you want a quieter atmosphere and a closer look. When we had our house on the market that happened quite a lot.

kitty179 - 2021-03-31 10:35:00

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

catwoman1974 - 2021-03-31 11:26:00