Selling your Own Home: Fsbo and Beyond

By: Webmaster

If you are looking to sell your home, you will find that there are many options open to you. One option that will be quite tempting to you is the option to sell it yourself rather going through a real estate agent. Before you take this step there are many things consider; there are advantages and disadvantages to it, and there are options that you may not have considered.

One of the largest advantages of selling your own home is that you will receive all of the profits. When you get a real estate agent involved, he or she will often end up taking a hefty cut. The commission that a real estate agent will earn from the sale of your house can be quite a lot of money. For example, 6% is an extremely common commission that a real estate agent might take, and for a house that sells for 200,000 dollars, you will find that the agent receives 12,000. Ask yourself if it is possible that you would spend 12,000 dollars in time and resources when you go to sell your house yourself. It is important, however to keep in mind that that 12,000 dollars will buy you not only the real estate agents time, but also her resources. Your real estate agent will be able to offer you her skills and her expertise as well as whatever contacts she has to make sure your house sells. If your house is a tricky property (in a bad area, has a bad reputation, etc.) this is something to consider.

Another factor to think about is speed. If you need to sell your house quickly, getting a real estate agent involved can make things a little more complicated. A real estate wants to get you the most money for your house because then his commission will go up. Of course, the real estate agent isn't the one pay for some of the things that he is pushing, like investing a lot of money towards repairs. Repairs take time and money and depending on why you are selling your house, you might not have a lot of either. In addition, due to their training, there is a good chance that your real estate agent will overprice your house, and this is a trick that is known to many home buyers. This leaves you in the position of waiting for someone who will want to buy the house as it is, accepting a counteroffer that is designed to knock down your own price, or spending time bargaining with prospective buyers.

Experience is another thing to consider if you are trying to decide how to sell your house. While a real estate agent ha a lot of experience selling houses, no one knows your house as well as you do! You know many of the selling points and many of the weaknesses, and you will be able to explain them in detail to prospective buyers. On the other hand, a real estate agent has experience on how to present them, something that, unless you have had training in presentation and speaking, you might not be able to do as effectively.

Something that you should keep in mind, however, is that when you are looking to sell your house, you may be able to bypass all of this! A real estate investor is a buyer who is looking at your home in a different way than most; he will be interested your property as an investment rather than a home to live in, and this can work to your advantage. Instead of needing to make extensive repairs, there is a good chance that you will be able to sell your property as is. You will not need to pay a commission as you don't need a realtor to make contact with a real estate investor, and you will be able to sell your property quickly and with only two people involved. You will also find that a real estate investor will be able to make an offer very quickly. Rather than waiting on a family that needs to consider many factors before moving in, you will be able to have an offer often within a week.

There are many things you will be thinking about when you need to sell your home and many decisions that you will need to make. Think about what your situation is and remember that there are many options available to you!

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