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For Sale By Owner
Selling any piece of real estate without an agent
is an option that a lot of people take advantage
of. The bottom line is that you can sell real
estate without an agent if you know what you are
doing. There are many advantages that go along
with keeping away from a real estate agent, but
at the same time there are some drawbacks as well.
It is up to you to decide if you are up to selling
your real estate without the assistance of an
agent. There is nobody who can make this decision
for you; it is up to you based on your personal
situation.
Save Money Selling by Owner
The biggest advantage of selling real estate
by owner is that you will be able to save money.
When you hire a real estate agent to help you
sign your home they are going to take a commission
based on the total selling price of the home.
In many cases this can equal several thousands
of dollars. But if you decide to sell your home
by owner, you never have to share any of your
money with a real estate agent. To some people
selling by owner is well worth their time; this
is especially true if the real estate agent is
going to take a large chunk of the profits due
to a highly valued home.
Downfalls of Selling by Owner
Even though you can save a lot of money by selling
your home by owner, there are also many areas
that will test your patience. When you have the
help of a real estate agent you will not have
to worry about all of the small details that go
into selling a home. But when you decide to sell
on your own, you will be responsible for every
last detail.
For some people, the money that they have to
pay a real estate agent is well worth it. They
do not want to have to deal with showing their
home on their own, and then taking care of all
of the money issues when a seller is found. They
would much rather pay the real estate agent to
do their job, and sit back and relax during the
process.
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Checklist for Selling by Owner
1. Have all of your property records in hand.
This includes everything from the title to the
mortgage to the homeowner’s insurance. Anything
that the buyer may need to see is helpful.
2. A profile of your home is important. This
will include information on the home itself as
well as the lot. This information is what potential
buyers will need to see to make an informed decision.
3. Keep cost of ownership records. This includes
monthly bills as well as insurance.
4. Make a list of what you need to do to your
home, inside and out, before you list it. Repairs
may be necessary.
5. Plan for marketing costs such as signs, ads,
flyers, and postage.
6. Have a lawyer who can help you with the contract
when you are ready to sell. This is very important;
you do not want to attempt to handle this on your
own.
There is no right and wrong way of selling your
home. If you think that you are up to doing everything
on your own you should get started right away.
You will be glad that you did in the end because
you will save a lot of money. But at the same
time, if you feel that you need help hire a real
estate agent to work on your behalf. Sure, they
are going to take some of your profits, but they
will give you a lot of help as well.
The choice selling by owner or with a real estate
agent is yours. Look into both options so that
you end up making the right decision in the end.
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