Going Solo: Selling Your Home or Investment Property Yourself

By: Jason Loucks

The time has come and your decision's final; you're going to sell your home or investment property. Now all you have to do is figure out the best approach to do so.

You need to consider the advantages and disadvantages of going solo as your own real estate agent. To sell successfully and accomplish the sale in the shortest possible time, you'll need to do your homework.

Let's face it; your biggest fear is that you will be stuck with a home or an investment property that won't sell. You fear you will have to continue to make payments that you can't afford. Alternately, you fear you will have to continue to make payments you can afford but don't want to continue to make.

You want to sell fast. You don't want to see bills for taxes, property insurance, and maintenance constantly coming your way. You don't want the continuing mortgage payments on your investment property. You want to sell and do the selling yourself to avoid real estate fees.

Consider these points when deciding to sell your home or investment property on your own:

* Do you have the time available to sell the property yourself?

* Do you know how to draw up a proper purchase and sale agreement? If not, do you know where to get assistance to help you to do so?

* Are you prepared to pass real estate fee savings onto the buyer, who is well informed, and knows there are no real estate fees in this deal?

* Can you get the necessary exposure for your property to facilitate its quick sale?

* Do you have the money to pay for the exposure?

These are all things to consider when you decide to bypass a real estate service.

Part of doing your homework when deciding to sell your home or investment property on your own, is investigating the help available on the web. Here you will find:

* Web seminars, systems and tutorials on how to go about being your own real estate agent

* Sites where you can advertise your private sale

* Resources on how to effectively promote your property through proper advertising

* Examples of purchase and sale agreements and places that will help you draw them up

* Real estate market information: trends and prices

There is no shortage of information available to the seller who wants to go it alone. There's no need in, today's information age, to be without the knowledge needed to sell your home or investment property on your own. Take the time to do your research and you will reap the benefits.

You've heard the term 'buyers beware' and the reasoning behind that maxim. There is also the term, maybe not as familiar, "sellers beware", with reasons for that maxim as well.

A seller who decides to go it alone in the real estate market has to be aware of the current market. They have to identify buyers' expectations against their own expectations so they do not short change themselves price wise. Some perceptive buyers, who've done their homework, will take advantage of a novice seller. It's the nature of a free competitive market.

It's your job to make sure they don't.

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