Private sale or real estate agents
Real estate agent or private sale? The eye-opening truthYou may have heard friends or neighbours talk of ‘good luck’ stories about selling their property privately and saving tons of real estate agent commission. But is this always the case? The benefits of real estate agents’ local market savvy, their individual industry experience and that of their agency, along with their existing networks and knowledge base cannot be underestimated, and it’s impossible to know whether a private sale ever reaches the figure to which a professional real estate agent may be able drive it, so you may end up saving commission only to sacrifice it for a lower sale price. In NZ, just 14% of real estate sales were concluded privately in 2020, so you can feel confident you’re in the majority when you hire a real estate agent to do the job for you.
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