If you are thinking about selling your home, you may have already spoken with a real estate agent about the selling process. The use of a real estate agent is common, but it is not the most affordable option available to you. This is because a real estate agent will typically charge you a commission on the sale. The commission can be costly. A seller’s agent may earn typically between two and five percent of the sales price. When you sell your home privately, you can avoid paying this fee and save a considerable amount of money.
Valuing Your Home
One of the biggest challenges associated with selling your home privately is to determine a fair list price. Some homeowners have a difficult time looking at their home objectively or valuing special features that it may have. With this in mind, it is often best to request estimates from a few different listing agents. Most real estate agents will be happy to provide you with this service. This is because they will want you to call them for assistance selling your home if you are unsuccessful in your efforts.
Real estate agents also assist in sales contract negotiations, so this will also fall onto your shoulders if you choose to sell your property privately. It is easy to become emotionally vested during the negotiations process. Always keep in mind that the buyer wants to buy your home, but he may have a financial reason for asking for certain concessions. Take time to learn more about the motives of the buyer during negotiations, and try to come to a resolution when possible.
Marketing Your Home
Marketing your home can also be difficult. One of the key services that you pay a real estate agent for when listing your home on the market is their marketing services. To sell your home quickly and for top dollar, you will want to make the same efforts that real estate agents would make to list it.
However, you do need to make an effort to showcase and market your home to these buyers if you want them to consider your property. Many homeowners will place a “for sale” in their front yard and hope for the best. However, listing it online, in local classified ads and in other locations is important as well. Hosting an open house event periodically can increase interest in your home. With mortgage rates low right now, many people are in the market to buy a new home.
Selling your home privately can be a challenge, but it also can be financially rewarding. After selling your home privately, you may be able to use your extra funds from the sale of your property to purchase a new property. With this extra money in your pocket, you can obtain mortgage help as needed to buy your dream home.