For Sale by Owner
When a homeowner wants to sell their home, but save money on realtor’s fees they may go the route of for sale by owner. It is possible, but it requires some effort and expertise in order to determine the value of the home as well as marketing the home successfully to a buyer. If you are interested in selling your home yourself, it’s important to take a look at various real estate listings and public records of sales in your area in order to price comparison. If you try to sell your home for $30,000 more than any other home in your neighborhood, you need to know that chances are you are not going to get that price.
Many individuals who have done their own sells would never do it again because there are concerns with marketing, time, liability and setting the price. There’s also the chore of negotiating with the buyer and making sure you have the right contracts. If your buyer has a realtor, that realtor is going to be looking out for the buyer and not for the seller.
There’s lots of information available on the Internet and lots of kits you can buy that allow you to do it yourself including the appraisals, the contracts and more. You can even buy a for sale by owner store in most grocery stores or hardware stores. But if you want to sell your own home and you aren’t ready to invest the time or the effort — the realtor’s fees are worth more than just a few dollars — they are worth time and aggravation — so consider that.
