Sell My Retirement Village Unit
How To A Retirement Unit Privately
Sell My Retirement Village Unit
In Australia, you can sell your retirement unit privately yourself without an external agent or the village retirement operator. For Sale By Owner provides retirement unit owners with the same tools and websites that previously were only been available to real estate agents.
We have assisted many retirement village owners to sell their units themselves, thereby saving many thousands of dollars. Please get in contact with us to see how we can help you sell your retirement unit privately, without the costs that are usually associated with using a traditional real estate agent.
1. You Don't Need To Use A Real Estate Agent
In Australia, there is no legal requirement to use a real estate agent to sell a retirement home. Most retirement villages will have an agent who can be used for the sale of a unit, but this is not a requirement. You can also elect to do this yourself, thereby saving a lot of money on real estate commissions. In addition to that, your advertising costs will often also be lower when using our services compared with most agents.
2. You Can Access The Main Real Estate Websites
Two of the most prominent real estate websites in Australia are realestate.com.au and domain.com.au These sites do not accept directly listings from members of the general public. They only allow licensed real estate agencies who hold a subscription with them to list properties for sale. For Sale By Owner is one such agency. We hold a subscription with these websites and are able to advertise your retirement unit on their sites. Both sites have separate and specific categories for people who are searching for retirement units.
3. You Can Advertise Anywhere In Australia
For Sale By Owner is licensed and operates in all States and Territories of Australia. No matter where your retirement unit is, we can advertise your property for sale. In addition to this, we can support you throughout the entire process and help you with any assistance you may need. Whether you would like feedback about the description or photos of your property or would like help in terms of an offer you may have received, we can assist you.
Will I be liable to pay any fees or commissions to the Village/Estate Operator when I have sold?
Once you sell your retirement unit without the village operator being involved, you will not be liable to pay the operator of the village any sales commissions, saving you thousands of dollars.
However, we advise you to aware of your contractual agreement with Village Operator of any clauses such as a share of any capital gains; deferred, departure or exit fees or other charges drawn from the proceeds of the sale. We advise having your own legal practitioner go over this with you.
What kind of help can I expect to receive from For Sale By Owner?
We promote your retirement unit on the two biggest portals, realestate.com.au and domain.com.au, along with a number of other real estate sites. This gives your home the best exposure. Also, our customers love the ability to create their own advert.
In many cases, we’ve had customers who don’t feel entirely comfortable using computers so we are only too happy to create your ad for you, as well as with making changes to your ad along the way. Our friendly staff here at For Sale By Owner are there to assist you with this 7 days a week.
What are the kinds of things I should think about before I sell my retirement living unit privately?
Knowing the market value of your property is a key factor before considering the preparation of your marketing strategy. Doing some research on recent sale prices in your estate is essential. Also, attend some local open homes in yours or other villages in the area.
This will help you get a feel for what buyers are looking for and the price you may attain. Be sure your unit is well prepared, spring cleaned and de-cluttered, this will show the unit as clean and easy to maintain.
Am I obligated to give priority to buyers on the Villages waiting list?
No, you are not legally obligated to source the buyer from the villages list and vice versa, they are not obliged to provide you with the list. You will find that the savvy retiree demographic will be undoubtedly looking for a property on realestate.com.au under the property type “retirement living” so your listing will be found without going through the village’s list.
Does the Village Operator need to approve the buyer to be a resident before both parties sign the Contact of Sale?
Yes. There are obligations and criteria that buyers need to fit, there may be clauses such as “pet free” or “over a certain age”. If the buyer is not approved or qualify for residency then this is obviously going to affect the sale, knowing the requirements of the village yourself can help you ascertain whether to spend time with an enquirer in the first place.