Going Direct benefits over Agents
More Money in your Pocket
The Australian real estate market is becoming more and more attractive for investors, which is spawning more development companies into greater action. Property development companies are looking to start more projects as soon as possible. For home owners like yourself, this is a great opportunity to get in on the action and get a slice of the pie. Because you are dealing with a specific type of buyer, you can expect to receive 5-10% above market value provided there is flexibility in development specific conditions such as extended settlement terms, allowing for soil testing, allowing for development applications to commence, and so forth.
Whilst a property development company can purchase your home on the market through a local real estate agent, this process has a lot more hurdles involved. Having a local agent list your property would then have them engage in traditional marketing and advertising (additional cost), waiting for prospective buyers to enquire, then try bringing up low offers to match the market price. You may strike gold and have a developer view your property, but the way your property is positioned by your local agent will heavily deter a developer to buy.
Cheaper to Sell
Not only does marketing and advertising your property take up valuable time, it’s also going to cost you. Additionally, in order to get your home truly ‘market ready’, many home owners face the dilemma of pre-sale maintenance and renovation. It is not uncommon to see home owners drop tens of thousands (sometimes hundreds of thousands) of dollars into renovating their kitchen or bathroom, or on much needed maintenance on roofing or decking. By selling direct to property development companies, you are able to save on these expensive, upfront costs. These buyers are not looking to live in your home, they are looking at what can be done to the land and at what feasibility.