Selling your property yourself, without using the services of a real estate agent, is known as a private sale.
The obvious advantage of a private sale is not paying a real estate agent’s fee, which may be a substantial saving, particularly an agent’s fee calculated as a percentage of the sale price (commission) being the traditional pricing model favoured by most real estate agents.
The obvious disadvantage of private sale is the time and effort you must spend advertising and presenting the property for sale, including hosting home-opens, negotiating and preparing the sale contract. You may lighten the burden of these tasks by engaging the services of businesses that provide marketing resources and advice for people who make the choice to sell privately. There is a trend towards unbundling real estate services in this way, allowing property sellers to select and pay for only the services they require.
If you are selling privately, we recommend you: