How to make savings when selling your home

Home loan customers looking to sell their property can save fortunes by avoiding costly estate agents.

With official figures released by the Australian Bureau of Statistics earlier this month indicating that the uptake of mortgages was at an eight-month high in December 2011, it is clear that people are on the hunt for new homes.

While this is good news for those hoping to move out of their current abode, there are still a number of obstacles facing sellers.

According to president of the Real Estate Institute of Australia Pamela Bennett, it is well worth searching for the best estate agents, as there are more than 80,000 operating throughout the nation, News Limited reports.

She added that a growing number of Aussies are saving cash by cutting out estate agents altogether and selling their property themselves, although the amount of people doing this is still small.

"There is still a very small percentage of people that sell their homes themselves, however there has certainly been an increase in them in the last five years," Ms Bennett remarked.

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