Hi, I am looking to sell a unit in North Perth and the agent that is my property manager is quoting me 3% commission on the sale.
Hiya goddessk,
North Perth is a good area. I imagine the unit is worth a bit, especially after what has happened in Perth over the past cuppla years.
Instead of giving 3% to an agent, why not pay $ 400 or thereabouts for a certified valuation of the property, (something a REA cannot give you) with plenty of relevant up to date comparative data thrown into the mix.
Then ask yourself the question, who knows the property the best. I reckon you would. If you do employ a REA, s/he is going to make you sit down and fill out copious forms to get them half ar$ed up to speed 'cos they have no clue about your place to start with.
If it's worth say 300K, why not step up to the plate and pocket the $ 9,000 tax free dollars yourself. Sales contracts by solicitors are cheap as chips, and you can tie the Buyers up with a whole bunch of clauses favourable to you as Seller, that currently are not listed in the "standard" REIWA contract of sale pro-forma. I reckon it's still a Seller's market at the moment over here. Yours might be particularly attractive to the FHB group who have just had their stamp duty on purchase price eliminated. I reckon you're in the hot seat with your asset.
If you do employ a REA, they are not authorised to warrant one word or write one word on your behalf anyway. Their agency's principal will not allow them to say or write anything legally binding on your behalf.....so what exactly are you employing them to do ?? Everything they say or write is not worth a cracker in a court of law.
Paying someone who doesn't know the asset half as well as you do, who is legally gagged from uttering or writing a single word......hmmmm, doesn't seem like a good deal to me.
Ask your well researched and fully valued price and stick to your guns. At least in the ads you place you can actually advertise the property, rather than pay for 2/3rds of the ad to be a big banner of the RE agency logo and a big mug shot of the uninformed gagged suit.
But then, maybe I've been diddled by REA's before, and know most of their charades. I also like answering direct questions about the property I'm selling, rather a lame "I'm not quite sure about that, I'll ask the Owner and get back to you..." Naaaahhh, sale opportunity lost right there.