Thursday 19 June 2014

Advantages And Disadvantages Of Selling The Home Yourself

By Merv Carlson


When it comes to selling their homes, most of people will get the help from local real estate agents while there are some will manage to sell the homes on their own. Selling the home on your own bring certain advantages and disadvantages at the same time.

First we're going to look at the bright side. Financial advantage is the very first thing which urges home owners to sell the home themselves. Selling homes is a hard task and that's why the realtors take up to 3% commission out of each sale. Choosing to sell the home yourself means you'll save thousands of dollars if you sell the home successfully. Selling your home privately can help you cut costs and save your pennies.

The second benefit is that, you have the full control over the price and the sales process. You can set the price as you wish, then decide when to meet the buyers, when to negotiate. You can even decide the schedules to open houses and viewing. You have the full right to choose where and when to advertise your house.

The next benefit is, since you own the house and you only market that house, you will be more dedicated to the marketing job. Realtors often have many house listings to market at the same time, so each listing can not receive enough dedication as your house can get. You house will receive much more ongoing optimization.

Every coin has two sides. The pros sound so attractive, how about the cons? Have you ever wondered why real estate agents get so much commission? They take up to 2% to 3% of the sale since they have to invest much time, energy and skill in order to successfully sell a house. Realtors have skills and years of experience, they know which marketing methods will work . Moreover, they have the ability to deal with legal procedure which surround the sales.

One more problem is that, most home owners do not have experience in selling homes, so setting the wrong asking price is a common mistake. They can set a lower or higher price compared with the true value of their property. They lose money if the asking price is lower; and they can not sell home if buyers come to see the house and realize its actual value does not match the price set by the owner. Therefore, if you want to sell your home yourself, you have to do some research on the local real estate market.

These days there are many online marketing firms providing real estate marketing service for any home owners who are looking to advertise and sell their own homes. If you live in Canada, there is Uppgroup Inc. who provides the quality for sale by owner advanced marketing service.

Going private is interesting but challenging task; let's have the online marketing firms help you advertise your property widely.




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