Even though the common idea about real estate agents is that they will only charge you for something that you can do by yourself, this is not really true. Real estate agents in Australia is proven to make a profit to almost everyone that trusted them with selling a property of any kind. You might ask yourself is this true? It seems not logical giving someone money to do something you can do. Well, statistics show that's exactly what you should do if you want to make profit. Here's why.
Real estate agents in Australia know the market and the customers. They are trained to sell the property and they know how to make the property look more attractive. You might think that no can show your own house or your apartment in a better light than you can, but this is simply not true. Agents are professionals and they sell stuff every day. They know what to highlight and to put in the dark in front of the eyes of the buyer.
Another very important thing that agents will save you time and with it save you money is paperwork. There's a ton of paperwork when you're selling and buying properties. There's also paying taxes and all this is something no person can know better than the people involved in the matter every day. Agents fill up forms and deal with the bureaucracy apparatus every day and will surely handle things better than you. If you think that you can do this on your own, you'll just end up with lots of time wasted, and in the end, you'll have to pay for professional help. You'll lose both time and money.
Giving the trust to an agent means you have someone covering all the bases. Professionals know the market, they know what's hot at the moment and what will drop the value of your property. They know when is the right time to sell and when it is better to wait. Also, you'll get valuable advice on how to increase the price of your place. For example, some areas in Sydney are known as places where intellectuals like to live. Agents know these things, and they might advise you to make a large library room that will attract potential buyers. With an investment of just a few hundreds of dollars, you can increase the value of the property for more than $5.000.
Real estate agents in Australia charge around 3% of the sale. So, if you price your house on 300.000 and they manage to sell it for 350.000, you'll earn $45.000 more than you expected. Of course, the agents will also make more profit, but that's why hiring an agent is a win-win situation for both.
In the end, don't forget that the agents' job is to sell at least 8 hours a day. You probably don't have this time. They also have connections and communicate with buyers daily, so they have way more chances to offer and sell your place.