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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
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Declares $0.47 Quarterly Cash Dividend for Q3 2025 Quiver Quantitative 261-unit River House along River Walk sold Texas Real Estate Research Center Brand-new, million-dollar home in Clive features fitness area, contemporary style The Des Moines Register 374K-sf logistics warehouse breaks ground in Pasadena Texas Real Estate Research Center Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Third Quarter of 2025 GlobeNewswire The Rise Of Branded Residences: A Global Real Estate Trend With Local Impact - Harlem World Magazine The Rise Of Branded Residences: A Global Real Estate Trend With Local Impact Harlem World Magazine Industry First: Regions Bank Launches Convenient, Seamless Digital Portal for Real Estate Banking Clients Business Wire 250% Dividend Increase: Lead Real Estate Boosts Shareholder Payout to $0.07 from $0.02 Last Year Stock Titan On the Move: Strategic Retail Advisors Partners with CCP Real Estate Advisors Orange County Business Journal Assessing Primaris Real Estate After Strong Q1 Results and Recent Stock Price Rebound sg.finance.yahoo.com Ivory Innovations Brings Affordable Housing to Utah's Most Expensive Real Estate Market Yahoo Finance Mortgage Rates Predictions for Next 90 Days: October to December 2025 Norada Real Estate Investments Floor Space: What You Can Buy for About $850,000 Flathead Beacon See inside this newly-built house for sale for $1.1M near Clive featuring a fitness area The Des Moines Register Compass’s Exclusive Inventory Finally Drops Mike DelPrete - Real Estate Tech Strategist Wilton Real Estate Report: Sept. 5-11, 2025 — $2.6 Million Tops Seven Sales Good Morning Wilton Flagship Communities Real Estate Investment Trust Announces September 2025 Cash Distribution GlobeNewswire Florida Real Estate Florida Trend First Half of Real Estate Taxes Are Due KCII Radio Best Real Estate Projects 2025: Sugar Pine Village Phase I The Business Journals Revolutionary Real Estate Platform: Linkhome Enables Direct US Property Purchases with Cryptocurrency Stock Titan Apple and Citadel Fuel London Office Boom The Wall Street Journal Incredibly spacious custom-built two-family in Dighton sold for almost $1M: Weekly home sales Taunton Daily Gazette EXCLUSIVE: Bill Cosby Lists His Second New York Townhouse for $29 Million as Foreclosure Looms Realtor.com Tulum Government Issues Urgent Warning: 26 Real Estate Developments Illegally Selling Property Cancun Sun Homebuyer slams real estate agent for opinions on house's solar panels: 'He was rather negative' yahoo.com U.S. Commercial Mortgage Delinquencies Rise in Q2, CMBS Loans Lead the Surge The World Property Journal Serafin Real Estate Announces Historic Wheatland Farm in Loudoun County Va Going to Auction October 14 markets.businessinsider.com Dodgers star Shohei Ohtani seeks dismissal of lawsuit, claims he is victim of NIL misuse - USA Today Homes in Lubbock County sold for higher prices recently: See how much here Lubbock Avalanche-Journal South Florida real estate buyers, development hotspots revealed (Podcast) The Business Journals $5.3 million home sells on Anna Maria Island Tampa Bay Times $1.88 Annual Dividend: Chicago Atlantic Real Estate Finance Maintains Strong Quarterly Payout for Q3 2025 Stock Titan Firm connected to Arte Moreno buys Phoenix land for $11M KTAR News 92.3 FM How Compass’s (COMP) New Chief Legal Officer Could Shift Its Competitive Edge in Real Estate simplywall.st Today’s Mortgage Rates – September 15, 2025: Rates Jump Across the Board Norada Real Estate Investments Cottonwood Group receives $1b in commitments for U.S. real estate special situations investment strategy Institutional Real Estate, Inc. Tu Casa En Leon – Inmobiliaria en Leon Named Best Real Estate Agency in León at the 2025 Regional Awards Barchart.com Keva and Axiom form Finnish real estate joint venture Green Street News Homes in Knox County sold for higher prices recently: See how much here Galesburg Register Mail Boston? Too expensive. Quincy as well. But for many homebuyers, South Coast is just right. Boston.com Mortgage advisors association: Surge in mortgage volumes The Jerusalem Post Ohtani's lawyers claim he was victim of likeness misuse in real estate deal, move to dismiss lawsuit The Independent Top 10 property sales in Marion County recorded July 14-20, 2025 Ocala StarBanner Ohtani's lawyers say he was victim of likeness misuse in real estate deal, move to dismiss lawsuit Northeast Mississippi Daily Journal GO RESIDENTIAL REAL ESTATE INVESTMENT TRUST ANNOUNCES SEPTEMBER 2025 CASH DISTRIBUTION Financial Times |
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