Article by Ross Joughin
Warning…Read This Before Even Thinking Of Selling Your Home Privately! – Real Estate
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If you have chosen to sell your home privately, without the help of a real estate agent, most likely it’s because you wanted to keep the money for yourself.Research has shown that a private sale can save nearly nine thousand dollars during the home selling process however, that shouldn’t keep you from using one though.
A good agent is pricey because because they have a great deal of experience in the market and are more likely procure the best price for your home. A real estate agent is also good with networking by maintaining a list of people who are looking for a house, or can help selling one.
Selling a home privately can adversely affect your marketing because if you sell your home without hiring of a real estate agent then most likely you will not that you will be able to access to the Multiple Listing Services a comprehensive database full of hundreds of listings given out to home buyers.
You might need to locate buyers in some other way, like holding an open house or advertising in the newspaper. Furthermore, when a buyer sees that you are selling your home privately, they’ll offer less money because they knew you’re already saving money by not involving an agent in the process. On the other hand, it is understandable some don’t trust other people to sell their home. Selling your home privately means being in total control of the transaction.
You know that you will always have time to answer any questions or do home showings. When you make a mistake it’s your mistake, and you’re the only one who can take the blame – trust me, a mistake that costs you nothing will be a lot better than an expensive one. When you’re sure that you want to sell your home privately there are a few preparations that you should do such as taking extra measures in preparing your house for showing.
Keep in mind that you’ll be in competition with with real estate agents as well as their clients – so make sure you’ve got a chance to stand out! Look for sites that provide a ‘selling by owner’ kit to get as much exposure you possibly can. You also need to learn about the legal side of it including contract design which can take a lot of time so hire an attorney and begin researching way before you sell.
Making a private sale is a tricky business and some people believe that the only way you’re able to sell your own house if you have three free hours every last day of the week. However, with a little bit of work, you can save a lot of money.
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