Hello World! Welcome Friends! If you’re thinking of selling your home you’ll have a lot of questions to work through, from getting a valuation to presenting your house in the best possible light you can. One question that a lot of people have early on in the process is whether or not they want to go through a real estate agent or if they want to have a go at selling it themselves.
While both are legitimate options, there are a few points you might want to consider before you make a decision.
How Much Will it Cost?
One of the big advantages of selling your house yourself – known as an FSBO or For Sale By Owner – is that you won’t pay any real estate agent fees. Depending on how much your home is worth, these could be several thousand dollars so the saving here is very real and could be tempting.
However, keep in mind that while you will save the fees, you may not be able to command the same price that an agent would with their contacts and expertise, so you could end up selling for less too and so canceling out any savings.
How Much Time Do You Have?
Preparing a house for sale and marketing it well are both very time-consuming, plus you’ll need to be around to give viewings or hold an open day. If ‘sell house quickly‘ is at the top of your to-do list but you also work full time or have a lot of other commitments, then you might want to think twice about taking on the sale yourself.
If you’re in a real hurry to seal the deal, you could consider a service like Sold, who can guarantee you a direct sale and have the cash in your bank much more quickly than if you sold on the open market.
Do You Have Any Local Knowledge?
One of the perks of using an agent to sell your house is that you get to tap into their local knowledge, which they will leverage to help you get the sale. This could include things like knowing all the details of local schools, information on transport links and commuter routes as well as any developments planned locally that could impact the value of the house either positively or negatively.
You might feel confident about this if you’ve lived in the area a long time, but otherwise it will be hard to negotiate the best possible price for your house without this wealth of knowledge.
Are You a Confident Negotiator?
Real estate agents come into their own when it comes to negotiation. Holding out for a great price is a real skill and unless you have the confidence to strike up a good rapport and get yourself the best deal then you could find you end up settling for lower than you would have liked.
Using a real estate agent takes out any awkwardness or anxiety you might feel about having to do face-to-face negotiations by yourself.
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Toodles,
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