Also know as real estate for sale by owner or FSBO a private real estate sale where the property owner of a property performs all process of a property sale without engaging the services of a real estate agent.

There are a variety of processes involved in a private real estate sale which the property owner must complete if the private real estate sale is going to be a success. Before a property owner decides to sell privately through a private real estate sale they must consider each of these processes.

Preparing the Contract of Sale for the Private Real Estate Sale - Each state across Australia has a law which requires all property owners conducting a private real estate sale to have a Contract of Sale available for potential property buyers to view during a private real estate property showing.

Preparing the Property for the Private Real Estate Sale - First impressions count so the property owner needs to make sure the property is neat and tidy and ready for the private real estate sale. Things a property must do before a private real estate sale include clean the inside and outside of the property, remove rubbish and clutter, fix anything which is broken, trim the lawn and garden and perform other small tasks which will the private real estate sale succeed.

Estimating the Market Value for the Private Real Estate Sale - A property owner needs to make sure they have estimated the correct market value for their private real estate sale. The market value of a private real estate sale can be estimated by looking at similar properties for sale in your neighbourhood and performing a comparative market analysis.

Creating Marketing Material for the Private Real Estate Sale - The success of a private real estate sale can be contributed to how well the marketing material has been prepared for the private real estate sale. The Privatepoint blog has some excellent tips about preparing marketing material for a private real estate sale.

Marketing the Private Real Estate Sale - Any successful private real estate sale needs to have a good marketing strategy in place. The success of a private real estate sale will be limited if the property does not reach a large audience. The best way to reach a large audience is to advertise the private real estate sale on for sale by owner websites like Privatepoint. Also, don’t forget the importance of a For Sale sign as these are a 24 hour private real estate marketing tool.

Property Inspections for the Private Real Estate Sale - During a private real estate sale interested property buyers will want to view the property. Open homes are a convenient and easy way for property buyers to view a property during a private real estate sale but are not for all everyone. An alternative when conducting a private real estate, is a personal viewing which is a one on one meeting between the property owner and the interested property buyer.

Negotiations for the Private Real Estate Sale - Negotiations can make or break the private real estate sale. A property owner needs to stand firm as it is always the case that the potential property buyer will make a low offer at first during the private real estate sale.

Settlement for the Private Real Estate Sale - There are two important things a property owner should remember at settlement during a private real estate sale. Make sure the property owner has delivered on everything they agreed to for the private real estate sale. Secondly, for any private real estate sale the property owner needs to make sure the property buyer settles the property with a bank cheque not a personal cheque.

If you are a property owner and thinking of performing a private real estate sale than make sure you check out Privatepoint.