Should You Sell Your Home Yourself?

Are you thinking about selling your home? Would you like to sell it by yourself instead of hiring a real estate agent? If so it would be beneficial to review the pros and cons of selling your home by yourself before hanging out the sign.

PROS

Selling your home without an agent means More Money. If that's not an incentive, what is? By selling it yourself you save the fees or commissions (thousands of dollars) that you would have to pay an agent.

You are able to decide the times for open houses and showings as well as where you want to advertise. Because you are only selling one home - unlike an agent who is working with many buyers and sellers ? you will always be focused on the selling of your home. You will have more interest in the sale than a real estate agent who may be looking for bigger commissions elsewhere.

CONS

Real estate agents are paid good money for a reason. Selling a home takes a lot of time and energy. Open houses, dealing with potential buyers, closing sales and dealing with the legal issues are familiar turf for these people and their experience can impact the sale.

Be realistic about what you are willing to do. Will you drop everything to make a showing? Are you able to 'close the deal' and ask for an offer? It is not everyone who can take on such a big project or can handle the tension of dealing with buyers.

However, if the challenge excites you and if you are ready for hard work and willing to learn then it is not impossible for you to manage alone. With a little know-how and a lot of energy, you can sell your home without the help of a real estate agent and reap the rewards!

Where do you begin?

Start with evaluating your home. How much can you ask? What work needs to be done? How do you decide how much your house is worth without asking too much and scaring buyers off or too little and not making what you should?

How Do You Evaluate Your Home?

Choosing the right price for your home is crucial to making a sale. You risk everything if your price is too far off the current market. You don't want to discourage buyers because you are pricing too high and you don't want to throw away equity because of a low asking price.

Preparing Your Home for the Market

Now it's time to look as objectively at your own home as you did to other peoples' homes.

Your prospective buyers will be scrutinizing your home; has it been taken care of or neglected? Will there be expensive repairs or are they hiding something? Taking the time to clean up and make repairs will repay you with confident buyers anxious to make an offer on a home that has been properly taken care of.

How to Advertise Your Home

Don't worry. You've already done the hard work. Your research has been conducted, your home has been cleaned and prepared and you have all the vital information necessary to offer prospective buyers. Now you need to get the word out!

How to Show and Sell Your Home

You've done your research. You've priced your home, cleaned and freshened it up. Your sign is hung out and you've worked hard on creating an intriguing ad. You told everyone you know that you're selling your home. Now you wait for the phone to ring. How do you handle calls from buyers? What do you ask? How do you get them to come visit?

Legal Issues

Selling and buying homes requires legal paperwork. Writing contracts to sell your home is tricky business and you do need a lawyer to help you. Find one by asking for recommendations from family or friends or by looking for one in the phone book. Ask for a consultation before deciding.

This article is excerpted from our new ebook "For Sale By Owner". To download your copy, visit ebooks.sagedot.com/fsbo.html The ebook includes a seller checklist and sample legal forms.

Tim Robinson is the publisher of "For Sale By Owner".

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Forbes

Are These Three C's The Key To The Real Estate Revolution?
Forbes
So this is a perfect time to look ahead, and I find myself reflecting every day on what the real estate industry will look like in the years to come. For an industry that has historically remained stagnant, the pace at which technology is evolving will ...


Forbes

Three Ways Blockchain Technology Will Revolutionize Real Estate in 2019
Forbes
Access to deals, the amount of time it takes to close, property title mistakes, high fees and fraud bog down the real estate industry. It is the largest asset class in the world and has had minimal innovation in the way of increased efficiency during ...


New York Times

In an Uncertain Real Estate Market, Try Before You Buy
New York Times
In a real estate market that has been strong, fueled by stock market gains and low interest rates, such programs would seem unnecessary. If one person doesn't want the condo another will. But a combination of changes to the tax code, which limit the ...


Wall Street Journal

US Expands Coverage of Real estate Anti-Money Laundering Program
Wall Street Journal
The U.S. Treasury Department said Thursday it has expanded an anti-money-laundering data program that requires title insurance companies to reveal the owners of shell companies buying luxury real estate. The changes lower the value threshold of ...
US Crackdown on Money Laundering in Real Estate SwellsMansion Global

all 3 news articles »

Wall Street Journal

Chinese Exodus From US Real Estate Accelerates With Sale of LA Site
Wall Street Journal
Chinese conglomerate Dalian Wanda Group has agreed to sell a glitzy development site in Beverly Hills, Calif., the latest sign that Chinese companies are bailing out of U.S. real estate after years of loading up on these properties. A venture between ...


Forbes

Real Estate Markets Cooling Across The Country, And It's Not Just The Winter Effect
Forbes
After a slow and painful recession period, economic prosperity pushed the market out of recovery mode and into a full-fledged real estate boom characterized by double-digit price growth, rock-bottom inventory, and surging buyer demand over the past few ...


fox5sandiego.com

'Monopoly for Millennials' hits shelves, sans real estate
Inman.com
It's just like Monopoly – except in this iteration real estate is expensive and nobody has enough money to buy a home. Unveiled on Thursday, 'Monopoly for Millennials' is the latest iteration of the classic Hasbro board game in which players rack up ...
'Forget real estate. You can't afford it anyway' Hasbro releases Monopoly for Millennialsfox5sandiego.com
Monopoly for Millennials has players buy 'experiences' instead of real estateMyStateline.com
'Monopoly for Millennials' reminds players that 'adulting is hard'USA TODAY
Walmart -Fortune -Twitter
all 112 news articles »

News Corp. appoints new president of global digital real estate
Inman.com
News Corp., the global media company that operates realtor.com through its subsidiary, Move Inc., has selected Tracey Fellows for a new position: president of its global digital real estate operations, according to an announcement on Wednesday. Fellows ...

and more »

The News-Press

Cape Coral real estate: Custom details give home unique appeal
The News-Press
Each week, The News-Press features homes that recently sold in the Cape Coral area. We also feature Top 10 home sales of Lee and Collier counties in our Sunday Real Estate section, as well as a listing of recently sold homes by ZIP codes throughout ...

and more »

Forbes

These New York Real Estate Billionaires Stand To Profit From Amazon's HQ2
Forbes
Amid the news about Amazon's HQ2 announcement—the e-commerce giant chose New York's Long Island City and northern Virginia's Crystal City as the victors of its nationwide search—there's the question of who in the real estate world is jumping for joy ...

Google News

Finding, Fixing, Financing, and Flipping - The Short Course

Most people get involved in Real Estate investing to make... Read More

On the Crossing of Continents

Cyprus is situated in the north-east Mediterranean on the crossing... Read More

Real Estate Investing Works In Your Area Too!

I hope you had a spectacular weekend!Things have been going... Read More

Investing in the Baltic Tiger: What Has Estonia Got to Offer?

Estonia's reputation is growing within the property investment market. Rising... Read More

Look Past the Bottom Line for a Propertys Potential

It's unfortunate that many real estate investors tend to look... Read More

Property Investing Secrets 8

Property Investing: A Buyer's Secret Weapon When Purchasing Real EstateMy... Read More

Old House? New House? Weighing Your Options

Maybe it has something to do with a childhood home... Read More

Can I Sell My Private Mortgage Notes?

In this country millions of homes are sold every year.... Read More

Property Investing Secrets 1

When property investing, pay the seller their asking price but... Read More

Property Investing Secrets 9

Property Investing: Here Are Two Important Tactics You Must Do... Read More

Real Estate Development Marketing

A Specialist Article For Those Interested In Real Estate Development... Read More

Saving for a Home

So you want to buy a home? This is a... Read More

Top Tips for Buying and Selling a Home

BuyersLooking for a home-Use Internet for overview of properties, communities,... Read More

Buying Overseas Property

Fourteen Top Tips for Overseas Property Investment:1. Buy what you... Read More

Fraud in Real Estate, Are You Being Victimized? - Part II

The phone range and Peter was on the other end... Read More

FSBO: For Sale By Owners Chapter One

She reached the phone on its second ring. "This is... Read More

Property Investing - Am I Buying for Profit or Prestige?

All of us have emotional preconceptions and assumptions. They are... Read More

Searching for CLUEs: What Homebuyers & Sellers Need to Know About Homeowners Insurance

Homebuyers and sellers should be aware about issues involving homeowners... Read More

Real Estate Local FAQs.

There are many frequently asked questions and any local real... Read More

New Homes in Ridgefield

Location:Frequent travelers will absolutely delight in this town! As part... Read More

How To Start Investing For Financial Independence, Part 2

Last week, we started a multi-part series about how to... Read More

How to Afford Your Dream Home

Is it your dream to one day own a holiday... Read More

FSBO Novel Preface

PrefaceWe are For Sale By Owners, "FSBOs." We spend our... Read More

Property Investing Secrets 3

Property Investing Secrets: When you Make Property Easy to Buy... Read More

Real Estate Investing By The Numbers

Just like most things real estate investing can be broken... Read More