Is it a Good Idea to Sell Your Home Yourself?

Are you thinking about selling your home? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages that will come from selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision read the pros and cons below to see if you are ready to sell your home yourself.

The most important pro for selling your home yourself is money. Selling your home without the help of an agent, in theory, means more money in your pocket. By selling it yourself you could save the commissions and fees associated with a real estate agent. Another advantage is that you will be able to set the times for open houses and showings. It will be completely up to you where and when you want to advertise your home.

There are also disadvantages in selling your own home. Real estate agents are paid for a reason. Selling a home takes a lot of time and energy. Dealing with potential buyers, open houses, advertisement, taking phone calls and of course dealing with legal issues can take time and experience. Your agent may also take on all of the marketing expenses associated with your home. Real estate agents are familiar with all the items above and their experience can impact the time it takes the home to sale. Finally, research shows that REALTORS can help you obtain a HIGHER selling price in a shorter amount of time.

Be realistic when making a decision! Will you drop everything to show your home? Do you think you are indeed a good negotiator when dealing with a potential buyer? Are you 100% sure you are able to close a deal? Do you understand the contract and know what forms are needed? Selling a home is a big job! Everyone is not able to take on such a big project. Not everyone can stay professional when dealing with buyers.

Selling your home is not impossible, but it is a challenge. Consult a REALTOR to discuss your particular situation and how they can help you!