Request an appraisal

Yes. An agent can provide an estimated selling price, but it must be supported by recent comparable sales or other relevant information. The estimate must also be included in the sales agency agreement as a single figure, not a range.

An appraisal is an estimate of market price that is provided to you by a licensed real estate salesperson. This appraisal should be conducted using the latest sold statistics, based on like property in the same or similar area. Data is collected from multiple sources and analysed against the property being appraised. The summation method can also be applied which is land plus improvements less depreciation. A valuation is an estimation of a home’s market worth that is completed by a licenced valuer. Their valuation is a legally binding assessment.

A sales agency agreement must include key terms such as the method of sale, agreement duration, commission, marketing costs, estimated selling price, acceptable selling price, and whether the agent can accept offers on the seller’s behalf. Legislation requires an agent to furnish a copy of the fully executed agency agreement within 48 hours.

No. In South Australia, a residential sales agency agreement cannot exceed 90 days.

It depends on the property, market conditions, likely buyer demand and the seller’s objectives. Auction can create urgency and competition, while private treaty may suit properties where price certainty or a more measured campaign is preferred. Your agent will guide you through the pros and cons for both.