For years now certain vested interests in the real estate industry have either been acting dumb or truly missing one of the most transforming trends within the real estate industry.
Recently the Australian real estate industry has underone a subtle yet still significant shift. This shift had already begun in earnest many years earlier in the Unites States, Great Britain and many European nations such as Scotland and others. The shift was in the way real estate sales are made and the shift is now beginning to gather quiet momentum in Australia.
With each successful private real estate sale that is made another voice is added to the cry for change in property sales within Australia. The country lags well behind several nations in the amount of private sales as a percentage of overall sales. There are few figures available from the Australian Bureau of Statistics however with several companies having been created solely to cater for the For Sale By Owner market, you can be sure it’s a flourishing new market segment.
Companies such as PropertyNow have marketed over 400 FSBO properties to a succesful private sale conclusion. This website ( private sell ) is part of the overall PropertyNow network and forms one of the most powerful real estate marketing avenues available on the internet.
The owner of PropertyNow, Andrew Blachut, recently stated that his company had already saved it’s clients over four million dollars in real estate agents commissions. With results such as that it’s no wonder that the no agent sale systems are achieving ever greater prominence. The most interesting thing about PropertyNow is that it is actually owned by a real estate agent of long standing and that it enjoys Google rankings that surpass many of the household names that together make up the vanguard of real estate in Australia
The PropertyNow firm is based in Coffs Harbour on the North Coast of NSW and is involved in both traditional ( discounted ) sales of Coffs Harbour real estate as well as private sale across Australia.