|
Home / Finance / Real Estate
The Pitfalls of Selling Your Home Alone
By:Andrew Webber
Many homeowners think that selling home alone without the help of a Realtor will help simplify the process and will save them money in the end. The fact of the matter is that selling your home on your own isn't easy work. In fact, you may actually lose a substantial amount of money when you try to sell your home alone because you aren't well spoken in the language and business of real estate. A Realtor can not only save you money, they can save you time and stress so that you can make the transition from one house to the other as smoothly as possible.
Putting Your Home on the Market
Putting your home on the market requires more than a for sale by owner sign in your front yard. While this is a start, there is a lot more to it. Many homeowners learn about multiple listing services, which is basically an index of homes that are on the market and then pay about $750 to have their home listed. When calls don't start flooding in inquiring about the home many sellers wonder what the problem is. The problem is that it takes more than a listing to get Realtors to visit your home with their clients. Realtors are loyal to other Realtors--that's just the way it works. Also, when you work with a Realtor he or she may be able to network with others to be sure that your home is getting as much exposure as possible, all for the price of the sales commission. A Realtor will also have other avenues to explore with listing your home on the Internet and locally.
If you want to sell your home on your own you will have to not only keep your home in show condition, you will also have to be accessible for appointments when convenient for potential buyers. Showing your home can be exhausting and you may do the home an injustice if you cannot downplay the negative aspects of the home and accentuate the positive features.
The Value of Your Home
Many sellers lose money when they attempt to sell their home on their own because they do not know the market value of their home. A Realtor knows all of the current market values, whether they are rising and falling and can help you get the most for your home no matter what the market situation is. Many sellers unintentionally under price their home because they do not have a professional helping them, or overprice it, which keeps all of the serious buyers away! A Realtor can help you price your home so that it not only sells, but so you can make a profit.
Reputation
Most people that are in the market for a home go with a Realtor; in fact 80% of buyers work with a Realtor because the Realtor has a good reputation and they need help maneuvering the real estate market. If you put a sign in your yard, in the newspaper, or on bulletin boards in various areas buyers have no idea who they are dealing with. Though a buyer may be able to get a good deal on a home that is for sale by owner, they are leery of working with someone that they don't know and may or may not have real estate experience.
Final Thought
As you can see, there is a lot of reason to work with a Realtor instead of trying to sell your home on your own. While a Realtor may take as much as 6% of the selling price, this is peanuts for all of the work and stress that they are saving you from. Legal paper work, home inspections, showing your home, and marketing with other Realtors to sell your home as quickly as possible for a reasonable price is what a Realtor does. When you try to take on all of these responsibilities on your own, unfortunately you have a good chance of failing or losing money.
Selling your home is difficult enough when you think about packing up and moving, but it doesn't have to be overly stressful. A Realtor can do all of the dirty work associated with selling your home so that you can go about your every day life, and still sell your home in record time. Knowing the market, knowing the real estate business, and having connections in local real estate makes all of the difference, and these are not things that your average homeowner possesses, but a Realtor does.
Digg
del.icio.us
Blink
Stumble
Spurl
Reddit
Netscape
Furl
Article keywords: sell house fast, sell homes, house for sales, homes for sale, home selling, sales by owner, buy a house, buy a home, home buying, home loan, mortgage loan, real estate investement, foreclosure
Article Source: http://www.articles2k.com
Andrew owns a website that provides useful strategies on Selling Your Own Home. You can visit his website at: www.buy-and-sell-house-fast.com/. This article may be freely distributed if this resource box stays attached.
|
|
| Top Real Estate Articles |
- 1). When Daddy Moves to an Apartment By : Kyle Thomas Haley
Divorce is hard, there’s no question about it. Not only has your marriage ended but, most likely, your lifestyle is undergoing some drastic changes also. This is especially true if you are forced to leave the place that was home to you and your family.
Depending on your particular situation, you may find that moving into an apartment is your only option.
|
|
|
- 3). The Pitfalls of Selling Your Home Alone By : Andrew Webber
Many homeowners think that selling home alone without the help of a Realtor will help simplify the process and will save them money in the end. The fact of the matter is that selling your home on your own isn't easy work. In fact, you may actually lose a substantial amount of money when you try to sell your home alone because you aren't well spoken in the language and business of real estate.
|
- 4). Flip That House Style Real Estate Investing By : David Neese
I love those TV rehabbing shows like Flip That House. On the show people buy a house needing to be seriously updated and repaired. Usually the kitchen is heavily upgraded with new cabinets, cutting edge appliances, new countertops and more. The bathrooms are completely redone with new tile, tubs, showers, sinks and more. The living rooms and other areas usually have walls taken out to open up the floor plan and usually carpet is replaced with some type of hardwood flooring.
|
- 5). Where Real Estate Investing and Speculation Collide By : Bruce W. Ford
Some uninformed folks would describe someone who rehabs distressed property as a "speculator" or even a "property speculator." Don't be fooled! There is a VAST CHASM of difference between rehabbing and property speculation.
Let me explain. According to Dictionary.com, the definition of speculation where business is concerned is:
"Engagement in risky business transactions on the _chance_ of quick or considerable profit.
|
- 6). How To Find A Real Estate Agent By : Steve Gillman
It's easy to find a real estate agent. Just put a for sale sign in the yard and wait for the phone to ring. The question is, how do you find a GOOD real estate agent? You can start with newspaper.
Pick up the Saturday or Sunday paper - whichever day they have all the homes for sale in your area. You can also collect a few real estate guides to look through.
|
|
|
- 8). Relocating to Tampa Bay A Great Place to Call Home By : Kael
Its no wonder that Florida’s Tampa Bay area has become such a popular choice for relocating adults and families to call home. The west coast of Florida has mile after mile of white, sandy beaches and magnificently, beautiful natural resources. These areas include the city of Tampa, Clearwater, St. Petersburg, as well as Palm Harbor, Tarpon Springs and Oldsmar.
|
- 9). Real Estate Rentals - Selling For More By : Steve Gillman
Selling real estate rentals isn't like selling houses. You can paint a house, and get a little more because it looks nice. Rental properties, especially larger ones, are different, because they're bought by investors, who look at income more than new paint. Raise the income, and you increase value to investors.
Time to learn about capitalization rates.
|
- 10). New Hampshire Real Estate – Switzerland of America By : Raynor
With soaring mountain ranges, New Hampshire is often called the Switzerland of America. Fortunately, New Hampshire real estate prices compare favorably to Switzerland.
New Hampshire
New Hampshire is a state with beautiful scenery that takes on the full effect of each season of the year. Spring and summer are tailor made for fishing, hiking and water sports along the state coastline.
|
| New Real Estate Articles |
|
|
|
|
- 3). Why Real Estate By : Kris Koonar
When you look at the lists of the wealthiest people in the world, most of the names there have one thing in common. They are all massive property owners.
|
|
|
|
|
- 6). Tips for Successful Investing By : Kris Koonar
One of the quickest paths to financial freedom and security is through the world of real estate investing. Millionaires and even billionaires have been made on the real estate market
|
- 7). Moving In Your New Home By : Jonathon Hardcastle
Now that the paperwork belongs to the past and the movers have left leaving you alone to admire your new property, it is time to sit down and list all those things you will have to do before being able to relax on your couch or back yard and admire your new possession.
|
|
|
- 9). Real Estate Marketing Reports; Instant Web Site Content By : Lanard Perry
It can take months, and in some instances years to personally write enough web site copy to have an effective, lead generating web site. On the other hand, you can purchase volume content for pennies on the dollar and upload it to your web site in minutes. So, why settle for adding a page 1-2 times a week when you can add hundreds of pages whenever you want to.
|
|
|
|
|
