Selling Your Home Yourself

in Home

Selling your home yourself is an option for anyone wanting to sell their home. Most people who utilize this option do not want to pay the commissions to an agent that can sometimes become very large. If this sounds like you, then there are some things to keep in mind. 
First, you need to find out if selling your home yourself is really worth the amount that you would pay an agent to do so. Usually an agent will ask for around six or seven percent of the final sale. Which if you sell your home for $100,000 you are looking at paying $3000 or more to the agent. So, if you sell the house yourself you can save yourself this money. Furthermore, if the buyer of your home does not use an agent, you can end up saving even more money.

Secondly, you have to consider the amount of money you are going to have to pay to advertise your home. Most homes are put on the Internet now, so you need to factor in the cost of a website to sell your home, as well as putting ads in the local paper. You also need to consider the amount of time that you are going to have to put into these mediums. It will require that you do the leg work that normally an agent would do.

You also need to consider that you will need to be available for potential buyers to look at your home. Meaning that you may have to schedule appointments to show the house. If you work a very demanding schedule or are often out of town on business, then selling your home yourself is going to be much stressful. Therefore, it may be necessary to use an agent in these cases.

Setting the price of your home is another aspect that you must consider. Normally agents will tell you what the value of your home is, however, since you are not using one, this will have to be done on your own. You can find out this information easily by comparing your home to other homes in the neighborhood that are on the market, and then tweaking this a bit to ensure that your house is competitive price wise.

Selling your home yourself is no easy task, which is why so many people choose to work with an agent. Depending upon your situation, working with an agent may be the right choice for you. However, if you feel that you could do it yourself easily, then by all means utilize the option.

Author Box
Gary Allalouf has 1 articles online

Hawaii real estate - View Oahu real estate and Big-Island real estate 24/7 - This is Hawaii's Premier MLS home search for first time home buyers, investors.


Add New Comment

Selling Your Home Yourself

Log in or Create Account to post a comment.
Security Code: Captcha Image Change Image
This article was published on 2010/11/01