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Advantages and Disadvantages to Selling a House on Your Own
As with any business transaction, there are pros and cons to selling your own home. Many people are intimidated by the whole process, but if you know what you are up against, and if you are aware of what needs to be done, you will be more effective at selling on your own, or you will be better at making sure your agent does what you prefer. No matter how you decide to sell your home, involvement in the process is important to ensure that you get the best deal possible. ADVANTAGES You do not pay commission. This is the biggest advantage people who sell their own homes receive by not hiring a real estate agent. Some agents charge a flat fee while others take a percentage of what the selling price. By selling on your own, you could save anywhere from $4,000 dollars to more than $13,000 dollars. Whether you want to use the proceeds to purchase another property, invest or save, creditunionrate.com can help you make the most of the every dollar you save. Home showings take place around your schedule. You can set up scheduled home showings and have open houses to fit the needs of your life, rather the needs of a real estate agent. Additionally, you know that you are home for the showings, and you do not have to worry about someone entering your house when you are not there. Full concentration on your house. Real estate agents often have multiple homes they are selling at once. This means that you do not have your agent's undivided attention. When you sell your own home, you know that full effort and attention is going into getting your home sold for the best possible rate. You control the transaction. Nobody else is in charge of negotiations. You decide when to sell for less, and whether to hold out for more. You can make sure things are done your way, and you do not have to consult an agent before closing the deal. Plus, you "own" your mistakes. At least you do not have to worry about whether the agent is making a mistake on your behalf. DISADVANTAGES You are responsible for all of the necessary legal and financial paperwork. This is one of the most intimidating parts of the home selling process. If you sell on your own, all of the transfer of deed, bill of sale, escrow, assessment, and other paperwork is your responsibility. The only thing the seller should have to do is sign. You need to make sure that you have everything in order so that sale of your home is legal and binding. All listing and advertising costs must be paid by you. The Multiple Listing Service (MLS) that realtors have access to can be pricey. If you want your home advertised, you are responsible for all of the associated costs. Flyers, newspaper ads, online classifieds, and other means of marketing your home can get expensive. Limited free time. In order to get the best possible price for your home, you must be willing to invest the time. You may that you do not have time to participate in leisure, as you must concentrate on selling your home. And you do not want to be away when potential buyers want to look at the house. Negotiating skills may not be good. Some people have good negotiating skills, while others do not. If your negotiating skills are questionable, you may find yourself out a few thousand dollars. Be aware that many buyers feel that if you sell on your own, the savings received because no commission is paid should be theirs. Likewise, if you do not do your homework on home values, you may find yourself lacking the confidence you need to effectively negotiate. After evaluating your strengths and weaknesses, and determining how much time you can devote to the process, you should be able to figure out whether or not advantages of selling your own home outweigh the disadvantages. Nicole Soltau is the President and Founder of CreditUnionRate.com. The Leading Credit Union Directory.Search, Find, Join.http://CreditUnionRate.com
MORE RESOURCES: Altadena’s rough real estate market: Slower sales, lower prices, lottery winner plucking up properties Los Angeles Times Real estate magazine reports Les Wexner as Blue Heron buyer The Martha's Vineyard Times Real estate expert warns socialist mayoral candidate could trigger massive NYC exodus - Fox Business Canadian psychologist Jordan Peterson sets up shop in the Valley, records show The Business Journals Bedrock flexes its real estate portfolio to grow Detroit's tech ecosystem - Crain's Detroit Business Bedrock flexes its real estate portfolio to grow Detroit's tech ecosystem Crain's Detroit Business ‘Taken advantage of’: Real estate agent ripped off friends, church, and federal government - WSOC TV Experts predicted Minnesota real estate agents would quit, 5 INVESTIGATES found a different reality 5 EYEWITNESS NEWS Office real estate wide open in Denver as vacancy rate hits 36 percent Colorado Public Radio 5 Essential Tech Tools for Real Estate Agents National Association of REALTORS® Vail Valley real estate inventory is on the rise VailDaily.com Real Estate Partners Dollar Tree Let's Talk Business: June residential real estate sales lagging, heritage grants and more Pueblo Chieftain A New Perspective: Here Comes the Groom | Real Estate Insights Piedmont Exedra Dawson County weekly real estate transactions, July 18 Central Nebraska Today State lawmaker joins Westport commercial real estate brokerage as vice president Hartford Business Journal Boston Real Estate Times Unveils 2025 Excellence Award Winners: Honoring the Visionaries Shaping New England’s Future Boston Real Estate Times Private Credit Surges in 2025 as Real Estate Developers Bypass Banks The World Property Journal Real estate news: Senior apartments in Tustin sell for $83M; Fullerton Metrocenter snares $118M Orange County Register NAR Real Estate Forecast Summit National Association of REALTORS® New York Housing Market Trends 2025: Is the Tide Turning for Buyers? Norada Real Estate Investments Today’s Mortgage Rates: The States Offering Lowest Rates – July 18, 2025 Norada Real Estate Investments Los Angeles Water & Power commits $100 to real estate debt Pensions & Investments Property management with an owner’s mindset J.P. Morgan Real Estate Market Report (June) highlandscurrent.org Corcoran McEnearney Announces Evan Lacopo to Lead the Number One Real Estate Office in Alexandria, Virginia Alexandria Living Magazine Licking County real estate transfers for June 30-July 4 range from $200,000-$14.6 million The Newark Advocate SRS Real Estate Partners Arranges $4.53 Million Ground Lease Sale of Walmart Property in Deltona, FL citybiz Banner Real Estate Group Breaks Ground on 334-Unit The Faywell Multifamily Development in The Heart MultifamilyBiz Bridgemarq Real Estate Services® Declares Dividend Yahoo Finance Moon Becomes Next Real Estate Frontier, NAR Reports Higher Foreign Investment In US Huntsville Business Journal Gravelle advises on current real estate market in Grant County Columbia Basin Herald CBRE Announces Strategic Leadership Appointments Across U.S. & Canada Advisory Business Boston Real Estate Times Mapletree Sells Sun Belt Warehouse Portfolio to EQT Real Estate for $241M Commercial Observer Operation Pawssible: Greenbrier Humane Society gets a boost from local real estate company Mountain Messenger GenesisM Breaks Ground on 154,000-Square-Foot Biomanufacturing Facility in Bedford, MA Boston Real Estate Times Frederick Ford, real estate executive and first Black Union League Club president, dies at 98 Chicago Tribune AGC MA Announces 5th Annual Building Advancement Externship to Bridge Educators with STEM Construction Careers Boston Real Estate Times What's the most expensive property sold in Rhode Island? July 18 real estate transactions The Providence Journal The Pipeline: Commercial real estate roundup for 7.18.25 Richmond BizSense Home Buyers: Stop Freaking Out After the Home Inspection National Association of REALTORS® LOCAL REAL ESTATE TODAY 7.18.25 KQEN News Radio Tips on spotting real estate investment opportunities and avoiding risks, from experts at GR Property Group Community Impact Home Buyers May Have Accepted a New Norm on Rates National Association of REALTORS® July Economist Snapshot: What Will the Big Beautiful Bill Mean for Commercial Real Estate and Housing? Urban Land Magazine SRS Real Estate Negotiates $4.5 Million Sale of Walmart-Anchored Property in Metro Orlando Shopping Center Business Top Stocks for Real Estate Investment Elite AI Stock Forecasts - Massive wealth growth Jammu Links News Miami-Dade’s self-storage surge a boom for real estate IslanderNews.com Hunt Companies Acquires Controlling Interest in Carter, Strengthening Real Estate Development Platform Business Wire Stage Point Europe Launches Its RWA Token $SPET, Setting it up as a Bridge Between Crypto and Real Estate Morningstar Vend Leans Into Verticalisation As Real Estate Revenue Grows 11% In Q2 onlinemarketplaces.com New plans unveiled for Water Street’s second phase Tampa Bay Times Is Apollo Commercial Real Estate Finance Inc. a good long term investment - Explosive market performance Jammu Links News Real Estate Transfers ~ June 25, 2025 The Bedford Citizen Drake Real Estate Partners closes largest fund yet after pivoting to institutions Private Equity Real Estate | PERE Cary Grant’s widow has listed the estate they shared for $77.5M — featuring a complete overhaul New York Post Real estate sales in Jefferson, Bullitt and Oldham counties for Jan. 2-5, 2025 - The Courier-Journal Real estate sales in Jefferson, Bullitt and Oldham counties for Jan. 2-5, 2025 The Courier-Journal Wood County Recorder reports on second quarter real estate activity BG Independent News CCI Real Estate Obtains $67M in Construction Financing for Mixed-Use Community at University of Georgia REBusinessOnline Real estate transfers: Lake Township condominium complex sells for $5.61 million - Canton Repository Manitowoc's real estate transfers include a sale of nearly $1 million to Riverside Dairy Herald Times Reporter |
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