Homes for sale: Selling your home without the use of a real estate agent is obviously cheaper because there won’t be any commission to pay. This gives the homeowner more control over the sale. You have to bear in mind that real estate agents want your home to sell so that they get their commission. This could cause some of them to price the home lower than what it could sell for, just so they ensure their hard work isn’t for nothing.
The disadvantage to selling on your own is that your time will be consumed by marketing the house and showing the house to prospective buyers. Some buyers who might be interested in the house, may not want to deal with you, but would rather go through an agent instead. This could lose an owner a sale.
In order to be successful in selling a home on your own, you need to have some knowledge of the necessary contracts that need to be signed by all parties, plus all of the other paperwork like titles and deeds, etc. There are many real estate lawyers who handle just such tasks for homeowners selling their home by themselves. It’s a small investment, much less than what you’d pay for the commission of a real estate agent, and it takes the worry out of having to shoulder the legal burden on your own.
To decide which option is best for you, you’ll need to figure out how much time you have to devote to the selling process. Many marketing methods are free. There are also websites that have listings for individuals who wish to sell their own homes. Many of these sites do charge a fee, but are also in a position to give your listings a lot of exposure. If you’re not intimidated by the process, then try to sell it on your own without having to give up a percentage of the selling price to an agent.