Property vendors are using DIY services and avoiding real estate agent commission fees

and says she would happily do it again, but industry figures say the traditional sales model has staying power.

Morgyn Bostock eschewed real estate agents and sold her two-bedroom Canberra apartment on an alternative platform that doesn’t charge commission, saying she preferred the extra freedom it provided.The agent told Ms Bostock the property would need considerable “decluttering”, as well as cosmetic but costly improvements, such as new curtains, blinds, and a paint job., and about $1000 in advertising fees.

“It takes some level of trust on both sides of the transaction, but if you’re a DIY-minded person, there’s really not much legwork, and you can save $10,000 to $20,000 on commission fees.” “I don’t understand why real estate agents are necessary because there are two websites in this country, right?” he told“So, it confuses me, the idea that these people are necessary, and they need to get 2 per cent of the sale because, like, what do they do?”SQM Research director Louis Christopher says that while DIY-types like Ms Bostock and Mr D’Souza could be successful, others would be turned off by the prospect of discussions with buyers that can be emotionally charged and confrontational.

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