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Thursday 26 June 2014

For Sale By Owner: The Pros And Cons

By Merv Carlson


When its come to selling your house, you have two options to choose from: Have a realtor do the job for you or you sell the home on your own. There are many home owners decide to accept the challenge and manage to sell the homes themselves. In this post we're going to discuss the pros and cons of selling your home on your own.

The advantages of selling the home yourself are clear. Firstly, you can save a fortune by not hiring any real estate agents. Realtors often take from 2% to 3% commissions out of the sale, so you can save this amount of commission if you do not get their help. This is actually the very first reason why many people choose not to hire the agents to sell their homes. They want to sell the homes themselves to save this amount of money.

The next benefit is that, you have the full rights as a seller. You can determine how much you want to sell, when and where you can arrange time to meet your buyers. Dealing directly with the potential buyers lets you know if they are serious about buying the home. What's more, information is exchanged directly so there will be no confusion between you and the potential buyers.

The next advantage is, your house can get ongoing optimization since you have your full time to market it. Unlike you, real estate agents have so many listings to market and manage at the same time. They do not have enough involvement and concern in the sale as you do.

Now we're looking at the drawbacks of selling your house by yourself. There are clear reasons why realtors are paid with great commissions once they successfully complete a transaction. Selling a house requires skills, marketing experience and time. Experienced realtors own strong marketing tools and the ability to deal with legalities that surround the sale.

Since you sell your home, you have to set an asking price. This is difficult and can lead to the loss of money if you set a lower price than the real value of your property. Doing serious research on local real estate is necessary if you wish to set the correct price for your home. You must be willing to spend time on giving potential buyers tours around your home. This is a boring part of the selling process.

The great news is that you, as the home owner, can sell the home yourself with the help from many online marketing firms. For Canadians, there is Uppgroup Inc, an advanced online marketing firm expanding into real estate field five years ago. Uppgroup has been assisting many realtors to sell their listings. They have the needed expertise, knowledge and experience to help you sell your home fast.

Selling a house is a challenging task so let's get some help from your local online marketing firms.




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