Introducing Estatespace: Australia's Newest Hybrid Agency
For the second consecutive year, the Roy Morgan's Image of Professions Survey 2016 revealed that 9 out of 10 Australians did not trust real estate agents. Yet staggeringly at the end of this financial year, Queensland’s real estate industry is predicted to record an eye watering $597M profit, as Queenslanders continue to entrust agent services to sell their property.
While selling one’s own home is not a new idea, the concept is not widely practiced across Australia. Much like the Taxi Industry's response to ride sharing platforms such as Uber and Lyft, real estate agents and their third-party partners do as much as possible to discourage people from selling their own home, and instill fear and distrust in those buying from "for sale by owners".
Traditional agents claim that selling privately will significantly reduce the number of buyers your property is exposed to without their extensive database of active buyers. However, research has found that 86% of potential buyers use the internet as their main tool to search for property.
Given this, the reality is that similar to selling a used car, most Australians do not need a real estate agent to sell their own home and in turn, can save themselves tens of thousands of dollars.
To assist them with this process is, Estatespace; Australia’s newest all-inclusive hybrid agency. For a fraction of the cost, sellers can appoint Estatespace who will carry out all marketing on the sellers' behalf, appraise the property's value and provide a highest and best use analysis of the site’s development potential. Unlike other “for sale by owner” agencies, Estatespace will also be on hand throughout the selling process to answer all questions and regularly provide feedback on results of the online marketing tools used to market the seller’s property. Finally once the seller has found their perfect buyer, Estatespace will take care of the conveyancing and legals. All for a low, fixed fee.
To find out how you can have more play money by selling your own home, register your interest today at www.estatespace.com.au.
- IBIS World, Real Estate Services in Australia Industry Report, January 2017
- Residential Consumer Property Seeker Report, January 2015.