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Real Estate Information |
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Should You Sell Your Home Yourself?
Are you thinking about selling your home? Would you like to sell it by yourself instead of hiring a real estate agent? If so it would be beneficial to review the pros and cons of selling your home by yourself before hanging out the sign. PROS Selling your home without an agent means More Money. If that's not an incentive, what is? By selling it yourself you save the fees or commissions (thousands of dollars) that you would have to pay an agent. You are able to decide the times for open houses and showings as well as where you want to advertise. Because you are only selling one home - unlike an agent who is working with many buyers and sellers ? you will always be focused on the selling of your home. You will have more interest in the sale than a real estate agent who may be looking for bigger commissions elsewhere. CONS Real estate agents are paid good money for a reason. Selling a home takes a lot of time and energy. Open houses, dealing with potential buyers, closing sales and dealing with the legal issues are familiar turf for these people and their experience can impact the sale. Be realistic about what you are willing to do. Will you drop everything to make a showing? Are you able to 'close the deal' and ask for an offer? It is not everyone who can take on such a big project or can handle the tension of dealing with buyers. However, if the challenge excites you and if you are ready for hard work and willing to learn then it is not impossible for you to manage alone. With a little know-how and a lot of energy, you can sell your home without the help of a real estate agent and reap the rewards! Where do you begin? Start with evaluating your home. How much can you ask? What work needs to be done? How do you decide how much your house is worth without asking too much and scaring buyers off or too little and not making what you should? How Do You Evaluate Your Home? Choosing the right price for your home is crucial to making a sale. You risk everything if your price is too far off the current market. You don't want to discourage buyers because you are pricing too high and you don't want to throw away equity because of a low asking price. Preparing Your Home for the Market Now it's time to look as objectively at your own home as you did to other peoples' homes. Your prospective buyers will be scrutinizing your home; has it been taken care of or neglected? Will there be expensive repairs or are they hiding something? Taking the time to clean up and make repairs will repay you with confident buyers anxious to make an offer on a home that has been properly taken care of. How to Advertise Your Home Don't worry. You've already done the hard work. Your research has been conducted, your home has been cleaned and prepared and you have all the vital information necessary to offer prospective buyers. Now you need to get the word out! How to Show and Sell Your Home You've done your research. You've priced your home, cleaned and freshened it up. Your sign is hung out and you've worked hard on creating an intriguing ad. You told everyone you know that you're selling your home. Now you wait for the phone to ring. How do you handle calls from buyers? What do you ask? How do you get them to come visit? Legal Issues Selling and buying homes requires legal paperwork. Writing contracts to sell your home is tricky business and you do need a lawyer to help you. Find one by asking for recommendations from family or friends or by looking for one in the phone book. Ask for a consultation before deciding. This article is excerpted from our new ebook "For Sale By Owner". To download your copy, visitebooks.sagedot.com/fsbo.htmlThe ebook includes a seller checklist and sample legal forms. Tim Robinson is the publisher of "For Sale By Owner".
MORE RESOURCES: Real estate transactions — Jan. 30 – Feb. 5 Steamboat Pilot & Today ‘Riviera of the Middle East’: How Trump sees Gaza as a real estate deal The Washington Post A Sore Spot in L.A.’s Housing Crisis: Foreign-Owned Homes Sitting Empty The Wall Street Journal Inside Nick Sirianni’s $3M NJ home — and the real estate battle that almost cost him - New York Post Keep up with South Shore real estate. See what the new neighbors paid The Patriot Ledger 2025 Lansing area real estate forecast: Demand remains high, and so do prices Lansing State Journal What’s the Impact of Hybrid Work on Commercial Real Estate? The University of Chicago Booth School of Business Keith Largay Appointed Head of Bain Capital Real Estate Capital Markets Boston Real Estate Times Winston & Strawn Grows London Office with Addition of Real Estate Finance Partner Aparna Sehgal Business Wire Real Estate: John M. Lee Richmond Review/Sunset Beacon Real estate transfers in Hancock County for January 2025 Muddy River News East Cobb residential real estate sales, Jan. 27-31, 2025 East Cobb News David Lemon has built a real estate business on Instagram buzz St. Louis Magazine REIT Market to Grow by $350.2 Billion from 2024-2028, Driven by Global Demand for Warehousing, with AI Redefining Market Landscape Boston Real Estate Times Q&A: NAI Glickman's newest executive on how to market commercial real estate Worcester Business Journal Top 10 Hottest Housing Markets Where Home Prices Are Soaring Norada Real Estate Investments Informer: Lecture by real estate broker Jen True slated Mankato Free Press The week's top commercial real estate transactions in Charlotte, Collier, Hillsborough, Lee, Manatee, Pasco, Pinellas, Polk, Sarasota Business Observer India’s Cyril Amarchand Bolsters Real Estate Offering, Hires 7-Lawyer Team From Luthra and Luthra Law.com International Police say Alabama real estate agent was abducted, warrants obtained for 5 in investigation WKRN News 2 Top Senate Stories: The Real State Of The State The Chattanoogan Today’s Mortgage Rates February 10, 2025: Rates Rise Slightly Norada Real Estate Investments $730 Million Real Estate Broker Commission Class Action Lawyer Monthly Magazine High costs, low inventory, but Charlottesville real estate market 'keeps plugging along' The Daily Progress Fidelity Real Estate Income Fund Q4 2024 Review Seeking Alpha Michael Jordan Might Regret $9.5 Million Chicago Mansion Sale as Real Estate Agent Drops Bold Claim EssentiallySports Wall Street's Most Accurate Analysts Give Their Take On 3 Real Estate Stocks With Over 6% Dividend Yields Benzinga India Dozens more Alexander brother accusers come forward as real estate tycoons plead not guilty Fox News Body of Queens real estate broker found on side of Clearview Expressway, police sources say CBS New York Interview with Roxanna Ahlbach: A Deep Dive into Berkeley Real Estate CEOWORLD magazine Pinellas Beaches Real Estate February 3-7 The Gabber Newspaper Handsome three family in Taunton sells for over $700K: Weekly home sales Taunton Daily Gazette Reluctant Sellers and Shaky Demand, The Current State of America’s Real Estate Market - UCW Newswire Lauder’s Palm Beach Play, Billionaire Heir Sets Record in Sizzling Real Estate Market - UCW Newswire A New Perspective: Get a JOB | Real Estate Insights Piedmont Exedra European shares inch higher, led by energy, real estate stocks; US tariffs eyed -February 10, 2025 at 04:59 am EST Marketscreener.com Popular real estate entrepreneur insists US is still suffering through a 'difficult' market Fox Business Sacramento advocates in dispute with major real estate company over homeless aid events Sacramento Bee Housing Market Predictions for 2025 Ramsey Solutions How to Negotiate a Real-Estate Deal, and Actually Get What You Want The Wall Street Journal Association - Real estate price slump over - but no rapid increase -February 10, 2025 at 03:48 am EST Marketscreener.com 'Beautiful' South Yarmouth house offers comfortable one-floor living and spacious backyard Cape Cod Times Donald Trump says US will ‘own’ Gaza, calls it a ‘big real estate site’ The Times of India Moroccan Real Estate SMAP Road Show Kicks Off in Brussels Morocco World News Comforting cape on half an acre in New Bedford sells for over $600K: Weekly home sales SouthCoastToday.com How Do Real Estate Commissions Work? Real Estate See five Wisconsin homes for sale with indoor pools Milwaukee Journal Sentinel Logistics real estate rents drop in US, Canada in 2024 Supply Chain Dive Trump sees US takeover of Gaza as ‘real estate transaction’ Voice of America Real Estate Agent Fees And Realtor Commissions Bankrate.com |
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