Stephen Knight

But if we think about when private sales maybe don't work quite as well, if you're in a slower market or if you've got like a standard suburban property where agents might have a big database for your sort of property.

And I think the other one is if this is your first ever time selling a home, as in you've bought a property, you've never sold it though through a real estate agent before and

If this is your first ever sale, I think it's probably a good idea to use a real estate agent.

And the other thing you've just got to keep in mind is there's a lot of legal stuff and responsibility when you're selling a house yourself, and you really can't skip this.

And I'm really talking about your disclosure obligations.

Like you have to tell buyers no in issues, leaks and weather tightness or any meth history, unconsented work.

If you hide any of that,

you could be sued even years after the sale.

Whereas if you use a real estate agent, they're going to know what to look for and what to ask and then therefore know what to tell the buyers to make sure that you don't have people come after you years later.

And over the last 15 minutes, you've learned about private sales.

Do they save you 25 grand or cost you 90?

Should you fire the real estate agent and sell your home yourself?

And when private sales actually work and when they just create problems?

Right, let's wrap it up there.

But please don't forget to rate, review and subscribe to the podcast.

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Thanks for listening to the Property Academy podcast.

I'm your host, Tim McKnight.

We're going to be back here tomorrow with even more daily strategies, tactics and insights to help you get the most out of the New Zealand property market.

Until next time.