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Posts Tagged For Sale By Owner Series

FOR SALE BY OWNER SERIES – Inspection day

Mar 21

Posted by NoAgentSales.com.au in For Sale By Owner Series | 3 Comments

Here are some questions you may wish to ask on inspection day.

  • How long has the property been on the market?
  • Why are you selling ?
  • How long have you lived here?
  • Have any renovations been completed?
  • What are the current issues with the property?
  • Do you have a rates notice?
  • Is the area serviced by public transport?
  • How do you find the surrounding region?
  • What infrastructure is in the suburb? This may include but is not limited to restaurants, shopping centres and recreational facilities.
  • What schools are in the area?
  • How does the sun affect the property?
  • What chattels/fixtures or fittings are include in the sale of the property?

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FOR SALE BY OWNER SERIES – Property condition.

Feb 14

Posted by NoAgentSales.com.au in For Sale By Owner Series | No Comments

What should you be looking for when you inspect?

Firstly, walk around the property to see if you can see any physical defects. Look for any structural problems such as cracked or leaning walls, rotten or damaged timber, evidence of termites in both the structure and gardens.

Ensure you inspect the wiring and plumbing of the property. This particular applies to older properties where  traditional methods of construction have been used and repairs can be rather difficult.

If you are serious about a particular property, conducting a building inspection is highly recommended. This can be included in the contract of sale.

Lastly, use your common sense when inspecting the property and ask the owner any questions you may have.

What do you look for when you inspect?

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FOR SALE BY OWNER SERIES – How to negotiate successfully.

Jan 24

Posted by NoAgentSales.com.au in For Sale By Owner Series | 4 Comments

Negotiating – how to achieve the best price for you.

When we negotiate we want to achieve the best price for both parties. When a real estate agent is not involved you don’t have to worry about a middle person interrupting and you can deal directly with the owner.

Step 1:

Generally speaking, a potential buyer will sign a contract offering a price and the seller will either accept that figure or provide a counter offer. This process may continue for a short or long period until both parties can agree upon price and any conditions.

Step 2:

When both parties agree upon a price they will be willing to sign the contract. The vendor will then contact their legal representatives to prepare a formal contract of sale.

Step 3:

The buyer will be required to deposit the agreed amount into the solicitors trust account and will hold that amount until settlement occurs.

How did your negotiation go? What steps did you go through to ensure you had the best outcome?

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