Kiwis sold on idea of DIY home sal

The recession is thought to be behind a sharp increase in the number of homeowners selling their properties privately.

Inquiries to private sale company HomeSell are up 65 per cent this month compared with July 2008.

Managing director Kirsty Gillespie said vendors battling through the downturn were trying to avoid paying huge commissions.

And she claimed her clients achieve similar success rates as agents - about 72 per cent.

Nationwide, HomeSell increased its listings by 10 per cent between June 2008 and 2009, with the largest regional rises in Auckland and the Bay of Plenty.

"Most people will sell privately because they don't value what an agent offers them, they think they get paid too much to do too little work," said Gillespie.

To read the full NZ Herald article click here

Posted: 26 Jul 2009

News articles