In NSW, are you allowed to sell a property yourself?
and save thousands in agents commission
YES, every home owner has the legal right to sell their property privately regardless of which State they live in but there may be some particular points that apply specifically to a certain State.
Following are the key points you need to know when selling a property in New South Wales:
* The first thing you need to know is that a residential property cannot be 'advertised' for sale in NSW until a Contract of Sale has been prepared. It is important that you consult your solicitor or conveyancer about preparing the contract to make sure that everything is in order.
* As of 1 January 2016 the following new rules apply regarding the displaying of sale prices:
New language guidelines with terms such as the following can no longer be displayed: "offers over"; "offers above"; or any symbol must not be used in your advertised listings (e.g. $500,000 "+" ).
Accurate price ranges: the upper end of the range should be no more than 10% higher than the lower price figure (e.g. $500,000 - $550,000) which thus helps to provide a more accurate guide on the expected sales price.
Australian Institute of Conveyancers, NSW
The Law Society of NSW
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