Private Real Estate Sale with a Virtual Buyer

Private house sales and for sale by owner ( FSBO) real estate property sale can be performed with no agent or no commission through the private real estate sale website Privatepoint.

If you are for sale by owner selling an apartment for private sale in a CBD location then don’t be surprised if you never get to meet the purchaser of your property. What is known as buying without viewing, is a trend which is starting to pick up speed in the way real estate is purchased across Australia. It refers to the situation where the property buyer of an investment property (usually units and apartments in the CBD) will search real estate across the internet and if a property ticks all the investment boxes they will purchase the property unseen and without ever meeting the real estate for sale by owner.

It is not a bad strategy as it saves a lot of time and means the property buyer’s judgement of the property can’t be clouded by any emotions they have when they inspect the property. It is simple in that the property buyer makes a decision to purchase the property from an investment/business point of view rather than looking at it from the prospective of a property owner / dweller.

Things a property buyer will use to assess whether a property is a good real estate investment include:
 - Number of bedrooms
 - Number of bathrooms
 - Secure Parking
 - Secure Storage
 - Floor the apartment is located on
 - Size of the apartment
 - Location of the apartment in regard to transport, shops, schools and CBD.
 - Views from the apartment
 - Strata and sinking fund fees

This is a good reason why real estate agents and a real estate for sale by owner need to make sure they create accurate property descriptions when preparing their property advertisement for the internet.