Selling Your Home
What should you consider before selling?
Want to Sell Your Home?
A few homeowners think that selling their own home will save money. Before you do, here are a few reasons why using a real estate professional is the best:
You will be drastically limiting your exposure to potential buyers, which means it can take between 10 and 15 times longer to sell your home. Houses that take a long time to sell usually sell for less because buyers believe there must be something wrong with them.
Many buyers find negotiating with sellers extremely awkward, and therefore avoid For Sale By Owner situations.
The majority buyers use a Realtor in their home search, and most buyers’ agents will typically not work with FSBOs because they will not be paid. This means you will have to offer a selling commission to attract buyer’s agents, which will cut into your expected “savings.”
Lack of negotiating experience can result in a lower selling price, or worse, a bungled contract and possible lawsuits. It is probably unwise to match your negotiating skills against those of an experienced professional.
If you plan to use a lawyer to help you negotiate, your lawyer’s fees could be considerably higher than a Realtor’s commission.
You only pay a commission to your Realtor if they successfully sell your home at a price you are happy with.