Tuesday, April 29, 2014

The Pros and Cons of Selling Your Home on Your Own

One of the decisions that needs to be made about selling a home is how you are going to do it. Will you take care of everything on your own or do you want to hire a real estate agency to represent you? More people are leaning towards selling their own home though and that makes sense. Yet it isn't the right decision for everyone. Learning the pros and cons of this option will help you decide which road you should take.

One of the main reasons why people choose to sell their home on their own is to save money. They may find that with the market being tight they aren't going to get what they really want for their home. By not having to pay for the commission of the involvement of a real estate agency they may be able to accept a lower offer. If they owe money on the home then this becomes even more of a battle to keep things in check so that they can get out from under the loan.

However, there is a great deal of paperwork involved with selling a home. When you have a real estate agent on your side they take care of it all for you. Basically you go over it, they answer any questions you may have, and then you sign it if you agree with it. Selling your home on your own means you are responsible for all of the paperwork involved.

You also have to answer questions of potential buyers, schedule appointments to see the home, and take care of anything else that comes up. Even if you have the ability to do all of this, the time involved can be consuming. If you have children to take care of or a job then you may find it hard to sell your home on your own. You simply may run short in the day due to time restraints.

It can be uncomfortable too having to bring strangers into your home when you are the only one there. With a real estate agent there as well it can help to make everyone more comfortable. Let's face it, in our society you just can't be too careful. There are plenty of honest people out there looking for a home. Yet there are also con artists out to take advantage so being on your toes is important.

When you sell your home on your own, you may feel more in control of the process. Not everyone is comfortable working with a real estate agent. It can be one more person to make happy and to have to answer to. When you are on your own though you get to call all the shots. You can accept offers that are different then what you originally would have as well. For example you can give the new buyer possession of the home in a week or two if you want even though closing hasn't yet occurred.

If you aren't confident in your ability to sell your home on your own you don't have to. You may decide that if you don't sell it within six months on your own you will turn to a real estate agency. You may decide it is going to best for your to go that route in the beginning. Your situation is different from that of other people so don't feel forced in to doing what you aren't comfortable with. The goal here is to sell your home so take actions that will help you to achieve it.








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