Can You Really Sell Your Property Without An Agent's Help?

From successfully marketing, selling and handling all the paperwork of your property transaction... sounds like a tall order to most of us! According to a property portal MOGUL.sg, yes, it's totally possible for sellers to DIY. The question is: can you, and should you?

For most of us who want to sell our property, we’d almost definitely hire a real estate agent, even though it will cost us a pretty penny.

Commission to an agent for a successful transaction is 1% to 2% of the transacted price. That’s $10,000 to $20,000 for a $1 million property. If you are feeling cheap and want to save yourself the commission, you could advertise for buyers on your own, either through word of mouth, taking out an ad in the Classifieds in the Straits Times, or in recent years, posting it on property portals.

We’ve even heard of extreme cases where sellers sign up for the Real Estate Salesperson course, so they could handle their own transaction. One got his license to handle all his property sales and purchases, but doesn’t actually practise as a real estate agent to serve clients. “It will save me tens of thousands, maybe hundreds of thousands, in commission over the years. So, why not?” he chuckled.

The problem is, how many of us have the head knowledge to know how to price your property fairly, market it properly, and settle all the paperwork efficiently? More importantly, how many of us have the time to manage all the enquiries, arrange viewings and negotiate with low-ballers? How do we know what’s the right price and time to make that sale?

A PORTAL THAT "DEMOCRATISES PROPERTY SELLING"

According to MOGUL.sg’s CEO and founder Gerald Sim, his property portal will transform the way the real estate industry has operated for decades. Touted as Southeast Asia’s most advanced property portal, it aims to “democratise property selling by giving users free digital tools that empower them with rich data insights and providing a property concierge who delivers a full range of personalised services for no sales commission.”