Choosing the agency to handle the sale of your home is an important decision.
Just because you have bought through an agent, you do not have to sell through them when the time comes. It is important to look around and to ask your friends and family for recommendations.
In the end, it is probably best that you choose an agency with whom you personally feel comfortable, who respects your decisions and who gives you the most supporting evidence for the sale price quoted.
There are a number of agreement structures available when buying or selling, and we think it pays to be informed.
You deal exclusively with the agent of your choice, whom you appoint for a set period of time. All other agents introduce their buyers through your agent on a conjunctional basis (where the commission is shared). They are acting as a sub-agent and have to act on your behalf, because you are paying the commission.
Where an agent other than your agent has a possible buyer for your home. They ring your agent who grants them a conjunctional which means they will share the commission if that buyer then purchases your home. The other agent does this, because if they do not ask for a conjunctional then it is highly likely that the buyer will ring your exclusive agent off the next advertisement or website and then the other agent will not be able to share the commission.
Some sellers think they are best served by giving non-exclusive agency to several agents. The pitfalls are:-
If potential buyers see three adverts in the same paper for the same property, they often think the owners are desperate.
After the initial flurry of advertising most agents will stop advertising as they do not want to waste their time and money when it is possible that another agent will make the sale and they then receive nothing.
This is where the buyer signs up with the agent to find them a house. When a suitable house is found that agent does not share in any of the commission paid by the seller, but is paid separately by the buyer. The agents responsibility in this case is to represent the buyer and purchase the home as cheaply as possible for the buyer.
This is where the seller appoints 2 agents as joint exclusive agents. The pitfall here is that one agent may leave the other agent to do all the work. This problem can be overcome by paying the agent who sells the property 80% of the commission. The seller should also ensure that any other 3rd conjuncting agents are paid their normal commission not a reduced amount.
We would be happy to answer any questions you may have, so contact us if you would like some advice or to discuss your options.
If you are selling, you need to be aware of the costs including:
This may include painting, gardening, maintenance, de-cluttering, tidying and cleaning so that the property is presented in an optimum manner. Work carried out is at the owner’s expense. We will provide you with a checklist to help you dtermine what preparation needs to be done.
The scale of fees charged by Gordon Davies Real Estate is negotiable and therefore can be designed to suit your individual requirements. They are G.S.T inclusive. An approximate guideline is 2.2%.
When selling your property will be advertised in the West Australian, Post Newspaper, Gordon Davies Real Estate Website, realestate.com.au, reiwa.com, domain.com.au. We have a marketing schedule which we go through with you to decide what specifically you want to do. We will offer advise as to what will work best for your particular property.
Auctions more often involve higher costs.
In both the sale and purchase of a property it is recommended that a legal representative (settlement agent or solicitor) carry out the conveyance of the property. (See standard conveyancing charges sheet from The Australian Institute of Conveyancing Western Australia).
A White Ant Clearance Certificate is generally made a condition of purchase and is paid for by the buyer. Should treatment or repair work be necessary, the costs are borne by the seller.
Provision should be made for removal charges, mail redirection charges and other sundry items.
Many buyers pay a builder to do a significant defects report to make sure there are no surprise repairs or problems after settlement.
There are a number of methods of sale and marketing choices to consider when planning on selling your property.
The two most common methods used in the Western Suburbs are Private Treaty and Auction.
We are happy to have an obligation-free discussion on methods of sale and marketing to help determine the best option for you and your property.
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