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musings and machinations regarding realestate, small business, FOSS and other things
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As a small agency in Canberra it becomes very frustrating when our clients are continually told by other agencies that by choosing us, a low cost agency they will get a lower selling price. We have proven time and time again that this is not the case and not only do we equal the average selling price for comparable homes in a suburb but regularly better it. Here is one of our recent clients experience:
Recently, on a major real estate sales website they quoted a list of things to look for in an agent. One of the comments was to beware of 'cheap agents' who advertise low commissions. Speaking to a principal of one of the largest agencies here in Canberra we received the comment that people would only 'get what they pay for' with cheap agencies, implying that with a cheap agent you don't get much. What is our take on this?
We are certainly cheap BUT our major aim is to provide a service that rivals the most expensive agencies in Canberra, and from the testimonials of our clients we feel we are well on the way to achieving that. As with anything there are cheap agents out there some people may not recommend just as there are agents that charge astronomical fees who you wouldn't refer. Use your gut and look at what your agent is including in their service and for what price.
Remember that sometimes industries need shaking up, house prices have increased hugely in Australia but commission rates haven't been reduced at the same rate.
'Record sales' mean that a property sold for a high price in a local suburb. That does not necessarily mean that the owner themselves received a record amount in their pocket for their home.
We advise people looking to sell to ask prospective agents how much owners received in their past sales. If a home sells for $10,000 more than another equivalent in the neighbourhood but the owner has a $15,000 commission and advertising bill rather than a $3,000 bill the record sale has benefited no one but the agent and done nothing for housing affordability.
| House A | House B
(:row:) |
|
| ||
| Owner gets: $461,280 | Owner gets: $461,000 |
This to us, is just another reason as to why we should all push for more transparency in real estate costs. Yes, the market is changing and more agencies are beginning to advertise "flat rate" costs. But real estate would have to be one of the few professions left in which agents seem at times embarrassed or perhaps secretive about costs upon initial contact. These costs must of course be fully disclosed before an agency agreement is signed but until then be sure to ask about costs that may be incurred in addition to commission such as advertising.
Real estate commission rates in the ACT are largely an unknown. Typically agents charge between 2% and 3.3% with a minimum charge of $10,000. All we can suggest is that you ring a few and ask, be careful as some will include advertising costs in their rate and some don't. Some agents at this stage will request to do a sales presentation before telling you about their rates, you will have to make your own judgement as to what to do here. Consequently many people elect to sell their property privately in Canberra. If you do want to sell privately below is list of things to consider and costs associated:
Other things that you would prefer not to think about but should include:
General information about preparing your property for sale can be found on our Selling section.
When it comes time to sell, you want your property to look it's best. There are a number of things you can do to ensure this:
We use Nokia E71's with three for mobile email + web access. Problem is the gmail app (and IMAP access to gmail via the nokia mail thing) just died the other day. When I tried to use the gmail app it would present me with this nice message:
But I knew the web connection was working as the web browser worked. To make things even more confusing when I used the inbuilt nokia mail app it would say "connecting" and then just stop. No feedback, no nothing, just dumped you back to the inbox with no new email goodness. So after digging about a bazillion different posts on forums and fiddling with the app settings and connection settings all to no avail, it finally dawned on me. Perhaps the certificates had got corrupted or they changed as part of this gmail -> mail.google.com thing? So:
menu->Settings->General->Security->Certificate Management->Trusted site certificates
I deleted anything that looked like gmail and tried again. aaah, gmail happiness again.
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