Property 24 – 10 October 2024
Selling a property can be an emotional time, especially if the seller needs a certain price, or feels that it is worth a lot more than what a real estate agent might advise. This makes it tempting for the seller to try and sell their own home, especially if they believe it is as simple as listing it online.
Do it yourself home selling, or “for sale by owner” as it is commonly known may appear easy, but in reality, it comes with many pitfalls, according to Samuel Seeff, chairman of the Seeff Property Group.
In reality, there is a lot more to selling a property than what most people realise, especially in view of the many regulations and laws in place. Aspects such as building, and installation compliance are just some of the challenges.
Ensuring you are dealing with serious buyers, and not chancers is another challenge for owner-sellers, he says. The end result is often that after trying for a few weeks, and even months, the seller ends up having to call in the help of an estate agent.