Should I Sell a House On My Own?
Many people are struggling with the question of selling their house on their own or giving the job to a professional. Some think that wasting money for professionals is nonsense, and some think that they should sell a house on their own because that's the best way to do it.
Of course, both have pros and cons. It's more like a preference whether you should do it by yourself, or hire a real estate agent. Here are some ideas about what's good and what's bad about selling your house by yourself.
When you try to sell a house on your own, you have the complete freedom of negotiating with potential clients. You can make appointments based on your time and give the buyers a tour of the house. When an agent presents the house, they don't know the true positive and negative sides of it. You, on the other hand, the person that lived or still lives in that home, know every detail of every corner of it. You can explain everything the client needs to know and with it, show to the buyers the real value of the property.
Another very important aspect is - money. Real estate agencies charge a percent of the sum of the deal. That means if you sell a house that's worth over $400.000 the agency will charge you a lot of money. Selling it on your own means you'll save all this money for yourself. Also, a lot of people think that agents don't always sell the properties at the highest possible price. When you negotiate, you have the control over the price range and you can make the final decision if you want to sell for a certain price or not.
When you sell by yourself, you'll have a firsthand look at the new owner. Some people spent a lot of time building their home and when they sell it, they want to know who are they selling to. They want to meet the buyers and get to know them so they can make a decision if the new owner deserves their home.
The negative aspect on this is that there's a lot of work in selling a property.
There's a lot of paperwork that often people are not very familiar with. Real estate agents know this part perfectly and are able to finish this without a problem.
Also, time is a problem too. A person that is selling some property is usually a person that is working. It's impossible to be at two places at the same time, and that's the main reason why people hire professionals to sell their house and other properties.
When an agent is hired, they will usually suggest a small investment in the house in order to make a better price. Real estate companies have a team that will make the best of this. A small renovation of $5-10.000 can make a difference of over $50.000. Of course, if you think you can do this by yourself, then you don't need professional help. The choice is up to you.