Why No Agent? 5 real estate myths busted

Many vendors are putt off a no agent property sale because of some myths that exist concerning real estate agents and what they do. Let us look at each of these myths and see why a "no agent" sale makes sense!

A real estate agent values my property

Real estate agents claim that they can’t be held to the value they give your property, as it is an estimate. A qualified professional valuer is legally accountable for the price they quote you. Use a professional to value your property

An estate agent will get me a higher price

Using an agent can actually reduce the value of your property. There is evidence that no agent sellers achieve higher prices than vendors using real estate agents. Our guide to selling helps you to negotiate the best price for your property.

The real estate agent’s fees are justified by their professional qualifications

Virtually any one can become a real estate sales person. The qualification can be gained after a 40-50 hour course at an institution similar to TAFE (depending on which state you study in). Calculated on an hourly rate, agents’ fees are far higher than lawyers or accountants who undertake years of professional study.

A real estate agent takes care of the legal side of selling my property

Real estate agents have no legal qualifications. Whether you sell "no agent" or through an agent you will need a legal professional to carry out the conveyancing for you. If you feel comfortable with your legal knowledge you can do the conveyancing yourself

A real estate agent provides security by vetting buyers

Although agents claim that they vet buyers this often isn’t the case. Open house inspections are also very risky, as it is difficult for the agent to monitor large groups of people. Our no agent guide to selling tells you how to vet buyers and show your property safely..

To sell your property "no agent", please visit the smartvendor no agent site.