Are you ready to sell your home? Have you been toying with the idea of foregoing a real estate agent? While you can potentially avoid agent commissions and be in complete control, there are some major factors you need to consider when you thinking about taking on this endeavor.
You are going to work harder than you ever imagined.
Selling your home is more than just putting out a few yard signs and waiting for the doorbell to ring. You have given up a key component of a successful marketing plan – the exposure that a local Multiple Listing Service provides. You will have to create an online presence for your home through classified ads and FSBO sites. Being available to show your home at any moment is also important to getting showings that could turn into offers.
You need to do know basic real estate rules like fair housing and anti-discrimination laws.
There is a lot of paperwork that comes with buying and selling that can be exhausting if you haven’t done this before. Knowing some laws will help with any confusion and help with any legal problems that may arise. An alternative is to hire a real estate attorney to assist you.
Selling your home can be emotional.
This is where realtors come in handy. They can be objective, which is important when it comes to major decisions. Emotions can make or break a sale. When it comes to appraising your home, it may be hard to separate your emotional ties with your home from what the house will actually appraise for.
If you find it to be too much, go ahead and hire a real estate agent.
There’s nothing to be ashamed about. However, if you know just a little about real estate, and you can put forth the effort to do a good job, you can save a tremendous amount of money by selling your own property. While this process can be daunting, it can also be really rewarding.