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Would you pay $5.5 million for this house?

AN intriguing house is being advertised on property sites with dimly-lit pictures of a Queenslander, some of them with flare from the camera.

It’s described as a three-bedroom, two-bathroom house wrapped around with verandahs and decks.

Equally intriguing is the heading, and perhaps the price tag: “Are you prepared and ready to pay $5.5 million for this Queenslander outdoor entertainer house?”

Zoran, the owner selling the house, said it wasn’t for everyone.

But it would be worth every penny to the right buyer.

He said he didn’t want the hassles of selling through an agent, and wanted people to appreciate the potential of the house as a bed and breakfast, wedding and party venue, doctors’ surgery, or any other “endless possibility”.

Asked whether he was confident of achieving the price, he said: “That’s what could happen because this is very different to any other property. It’s incomparable.”

“It’s really up to the future owner to decide what they want to do with it,” he said.

The house is on 841 square metres and overlooks Tygum Park and Tygum Lake.

“This area is under Logan City Council flood management, but flood never came close to this property like the last one six years ago, and before that 1974 (sic),” the property’s ad says.

Agents were supportive of the notion that people might want to sell homes themselves.

Local Property Team principal Peter Mitchell said some people were happy to embark on the journey of selling their own properties – and some were quite good at it.

“But some people are too emotionally connected with their homes, which can hinder the negotiation process,” he said.

“We negotiate the price of homes all the time, so it’s something we’re accustomed to. We see that we are often able to attract better offers if the owner is removed from the sale process.

“It can get awkward during a negotiation, particularly for an owner.”

Mr Mitchell said there were a number of traps for first-time sellers. Agents were able to add an element of professionalism to the sale.

Mandeep Singh from Belle Property agreed.

He said the right person, with the right level of professionalism, would definitely be able to sell their own house.

“There is nothing wrong with that at all,” he said.

But he warned that selling your own house shouldn’t be seen as a cost-saving measure.

“If you’re trying to save money, it’s more than likely you’ll end up losing money,” he said.

“The way I put it is like this: Are you going to go to the doctor, or are you going to do your treatment at home?”

 

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