The traditional way of selling your home has revolutionised with disruptors like Own My Home
who allow you to reap all the benefits a typical real estate agent will provide you—without the
pressure to hand over tens of thousands of dollars at the end of the transaction. The general
consensus for many years now has been—that real estate agent commission fees are very
unfair and can in some cases be quite financially detrimental to everyday homeowners looking
to sell.
The future of selling your home is selling privately—by purchasing all-inclusive real estate
packages that allow you to keep those unfair agent commission fees in your own pocket. Read
on for more information on how you can sell your property privately for a fixed-rate price and no
hidden fees.
How much agent commission fees will I pay to sell my home?
The average real estate agent commission rate in QLD is 5% on the first $18,000 then 2.5% on
the remainder of the sale price. Depending on your sale price this can easily be in excess of
$25k. It’s also not uncommon for real estate agents to charge in excess of $2k for a simple
marketing campaign for a one-bedroom apartment plus additional costs for ‘extras’ that should
come standard.
How can I avoid paying real estate agent fees?
You can avoid paying commissions altogether by opting to go with a company that sells
fixed-rate real estate packages which include everything you need to successfully sell your
home. Own My Home has fixed-rate packages that are substantially less expensive than your
neighbourhood real estate agent and include everything you need to successfully sell your home privately. See package details here.
Is selling my property privately a difficult task?
Not at all. Own My Home packages have been professionally curated to include every element
you need to have a successful selling journey. The step-by-step approach championed by Own
My Home is easy to navigate and execute even if you don’t have any industry experience. The
entire purpose of these real estate packages is to streamline the process of selling your home
and to make this accessible to all. All barriers are broken down by Own My Home so rest
assured you won’t lose any sleep over selling your home privately. This process actually makes
your selling journey much faster and less painful in comparison to the traditional way of selling
your home. You will be provided all the information you need, professional advice/services and
you will receive a market leading advertising campaign for your house that will set you up for
success.
What’s the difference between selling your home privately and selling through a real estate agent?
Selling your home privately simply allows you to cut out the middleman—meaning you will undoubtedly have more profit in your pocket upon selling your home. When using Own My Home to sell your property you have access to a dynamic team of specialised professionals such as photographers, videographers, copywriters, consultants (property and legal) and more.
How do home buyers find their dream home?
95% of potential buyers look for their property online. Visiting the local real estate agent is a thing of the past. Therefore, allowing Own My Home to equip you with all the elements needed to sell your home online for a fraction of the price is both cost-efficient and convenient for you as a seller.
Are market costs higher in regional areas?
A regional area is any town, small city or area that falls beyond Australia’s major capital cities of Sydney, Melbourne and Brisbane. With the ongoing ‘race for space’, regional areas in South East Queensland have shown a steady incline of market costs meaning selling your property privately has never been a better option for you. It’s a good idea to avoid inflated real estate fees by opting to sell your house privately using Own My Home.
What are tiered commissions?
Tiered commissions are a form of sales commission structure that helps encourage reps to
continuously improve their sales performance to meet and exceed quota. Tiered commission
rates are the real estate agents equivalent of a bonus system. In short, the rate of commission
that you pay depends on the price your property ends up selling for. Basically, money matters
when it comes to real estate agents and if you don’t pay enough or the incentive isn’t there,
often they will lose motivation to secure you that higher sale price at the contract of sale. This is
why private sale with a fixed-rate package allows you to have control over the entire sale
process.
In summary, the average commission rate for local agents is high and comes with very little
wriggle room which will undoubtedly impact your bottom line. However, agent selling fees are a
thing of the past. Don’t be fooled into handing over tens of thousands of dollars to your real
estate agent who is notorious for making a living off unfair commissions. Selling your home
online with expert guidance will undoubtedly allow you to keep more proceeds from your sale.
