Should You Sell Your Home Yourself?
Are you thinking about selling your home? Would you like to sell it by yourself instead of hiring a real estate agent? If so it would be beneficial to review the pros and cons of selling your home by yourself before hanging out the sign.
Selling your home without an agent means More Money. If that’s not an incentive, what is? By selling it yourself you save the fees or commissions (thousands of dollars) that you would have to pay an agent.
You are able to decide the times for open houses and showings as well as where you want to advertise. Because you are only selling one home - unlike an agent who is working with many buyers and sellers – you will always be focused on the selling of your home. You will have more interest in the sale than a real estate agent who may be looking for bigger commissions elsewhere.
Real estate agents are paid good money for a reason. Selling a home takes a lot of time and energy. Open houses, dealing with potential buyers, closing sales and dealing with the legal issues are familiar turf for these people and their experience can impact the sale.
Be realistic about what you are willing to do. Will you drop everything to make a showing? Are you able to ‘close the deal’ and ask for an offer? It is not everyone who can take on such a big project or can handle the tension of dealing with buyers.
However, if the challenge excites you and if you are ready for hard work and willing to learn then it is not impossible for you to manage alone. With a little know-how and a lot of energy, you can sell your home without the help of a real estate agent and reap the rewards!
Where do you begin?
Start with evaluating your home – how much can you ask? What work needs to be done? How do you decide how much your house is worth without asking too much and scaring buyers off or too little and not making what you should?