Most people think of making money when they sell their home. And while many people are right in this regard others are not. Remember, there are a lot of costs that go into selling real estate. One of the most overlooked is the fee (commission) that you will pay your real estate agent. Fortunately, there is a way around this and it is known as selling your home by owner. In other words you are the one selling your home; you don?t hire an agent. In turn, the six percent (or more) that you would pay an agent stays in your pocket. As you can imagine, this is a large chunk of money no matter how much your home sells for.
While there is nothing wrong with selling on your own, especially since it can save you money, this process can bring stress to your life. When you work with a real estate agent you are not doing much except keeping your house in good condition and communicating from time to time. Your agent is the one in charge of marketing, taking people through your home, etc. But if you don?t have an agent this is your job. Are you up to the task? Is it worth the money that you will save?
Before you decide to put a ?for sale by owner? sign in your yard consider what goes along with this. Weigh the pros against the cons to see if this is the best way to move forward.
There is no arguing that you can save money by selling your home without an agent. But at the same time you also need to know that this puts you fully in charge of your situation. Are you willing to take on this responsibility without professional help?