Monday, June 16, 2014

For Sale By Owner: The Pros And Cons

By Merv Carlson


When its come to selling your house, you have two options to choose from: Have a realtor do the job for you or you sell the home on your own. There are many home owners decide to accept the challenge and manage to sell the homes themselves. In this post we're going to discuss the pros and cons of selling your home on your own.

We're going to talk about the advantages of for sale by owner home first. The very first reason urging the home owners to decide to sell homes on their own is that they would save thousands of dollars by not hiring a real estate agent. The fee you need to pay the realtors is varied depending on where you live, but it is often ranging from 2% to 3%. By selling the home yourself, you could save a "fortune".

The next benefit is that, you have the full rights as a seller. You can determine how much you want to sell, when and where you can arrange time to meet your buyers. Dealing directly with the potential buyers lets you know if they are serious about buying the home. What's more, information is exchanged directly so there will be no confusion between you and the potential buyers.

One more advantage is that, you have no or little pressure when deciding to sell your home. You do not sell homes for commissions. You do not need to rush. As a result, you are not under pressure to sell a home for less than its true value. You can invest your whole time and energy into marketing your property and spread it over the Internet. You have only one home to sell so you can concentrate totally on it; it's less stressful than the realtors who have a list of homes need to be sold.

Now we're looking at the drawbacks of selling your house by yourself. There are clear reasons why realtors are paid with great commissions once they successfully complete a transaction. Selling a house requires skills, marketing experience and time. Experienced realtors own strong marketing tools and the ability to deal with legalities that surround the sale.

One more problem is that, most home owners do not have experience in selling homes, so setting the wrong asking price is a common mistake. They can set a lower or higher price compared with the true value of their property. They lose money if the asking price is lower; and they can not sell home if buyers come to see the house and realize its actual value does not match the price set by the owner. Therefore, if you want to sell your home yourself, you have to do some research on the local real estate market.

If you want to try selling your home privately, you can get the help from any quality marketing companies. You do not have to spend much in order to advertise your property using their marketing tools. If you live in Canada, there is Uppgroup Inc. who provides the quality for sale by owner advanced marketing service.

Selling your own home is a challenging task if you do not know any thing about online marketing. With the for sale by owner service provided by marketing companies, selling your own home will become much easier.




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