Your opinion please. My situation is: two houses on one 3 1/2 acre block (dual occupancy). Not subdividable. Main house 4 BR 2 bathroom, smaller house 2 1/2 BR, one bathroom. Semi rural NSW south Coast. Views beyond to-kill-for. Valuation from three agents about $1.200,00. Marriage split (after 49 years!). Imperative I remain in the smaller house. My home for 20 years. Need about $700,000 to buy wife out. Propose to offer the entire property for sale at about $700,00 with legally binding stipulation that I remain in the smaller house, and have use of the immediately surrounding ground, until I die. I am 74-years-old. My question: Does this sound possible? The obvious attraction being a $1.2M property for $700,00. One house to use immediately or rental return about $480 PW, second smaller house to house poor old geriatric for on average another 15 years. I would be appreciative of your thoughts, please.
How about renting out your property through here? Is it advisable? Thanks in advance.
I can absolutely recommend FSBO as a helpful and trustworthy company to use to sell your property. If you have any reservations about showing people through your home yourself speak the a staff member for advice and guidance. I enjoyed showing my lovely home to people and most responded that they preferred dealing with the owner. The couple who purchased our home told us on numerous occasions that they were pleased to talk to us and not an agent. And it was a great saving on regular agent's commission!
Thanks Diane. But about the Rental Agreement? How do we make sure that they will follow the rules?
Hi
Could I please ask what the process is when you actually get an offer on your property. With the agents they provide a contract that has the 48 hour cool down period clause.. How is this incorporated into the sale with For Sale by Owner.? This is the part of the process I am a little confused over.
many thanks
Hi Penny. Even when using a traditional real estate agent, vendors still need to engage their own conveyancer/solicitor/settlement agent to handle all of the paperwork apart from the contract itself. When selling yourself it's recommended that you also get your conveyancer/solicitor/settlement agent to oversee the signing of the contract. Laws vary from state to state across Australia and we recommend that you have the contract prepared by a professional. Feel free to give us a call should you wish to discuss in more depth.
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