Selling a Home can be many different things to many different people. From personal properties to inherited properties every home seller definitely has a little bit of work, time and effort ahead of them.
Statistics do show that the vast majority of homes that are sold are done so through a Real Estate Broker in some form or fashion. Of course there are still a good number of transactions that are done privately between buyer and seller only. There are some definite pro’s to being able sell your home without a Realtor and the mass majority of them are the money you save paying the commission. Beyond that I cannot think of any other pro’s to Selling a Home without Representation.
In my opinion definitely put a For Sale By Owner sign in your front yard and just see for a week or two. Especially if you are in a hot area. Realistically there are not that many markets out there that are like this as of right now. After a couple of weeks you will find you get a good number of lookie-lous and many times when you actually get showings they are going to tell you they love it only not to ever call you again. Below you will find some things to consider when selling your home.
1) Non-honest feedback. When showing buyers a home where the seller is present I can immediately see that they buyer is apprehensive about being honest and verbal about the dislikes of the house. I can only imagine that when you personally show your home to some one they are going to be apprehensive to let you know their true thoughts. Realtors about 50% of the time provide feedback on the home and when you do it will normally be honest. An experienced Realtor should easily be able come to your home and be honest about the condition and the market and help you achieve your goal.
2) Pricing. Sitting down with a Realtor is really the best way to get an idea of what homes are selling for in the area. Trusting what neighbors say or what the tax rolls say that your home is worth are not always fool proof methods of pricing, and many times can be a huge mistake for perspective home sellers. Especially in older neighborhoods where the updates and upgrades can vary widely from home to home.
3) Marketing. Any experienced Realtor should be able to come into your home and let you know exactly where you stand against the competition. Today’s Realtor in my opinion has to be all about the internet, as most studies show that upwards of 95% of people go straight to the internet when looking for homes to buy. A good Realtor will market your home on the Web in a viral manner. This basically means that if someone is searching on practically any website for Real Estate and and are looking for a home that matches your criteria they will find your home and all the information about it.
4) Negotiations. An experienced Realtor will guide you through negotiations and provide a level of distance between buyer and seller that keep emotions out of it and also keep all obligations documented and on track.
Definitely call around and interview a few different Realtors because ultimately you could be working with this person for 6 months or more and you definitely want it to be someone that you do not mind talking to. Look into Discount Realtors for listings in your area as many times a motivated independent discount Realtor can provide you great service at a lower haggle free commission rate.
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