How Can I Sell My Own House Without An Agent?

Years ago I wasn't thinking about how I'd have to sell my own house someday

, meaning I didn't think about selling it when I was buying it. But eventually I figured out that I make my profit when I buy a house, not when I sell it. Put another way, negotiating a good deal whenever I buy a house is actually what gives me room to make a profit someday in the future when I sell my own house. That means I need to buy a house right up front or I might not make a profit someday down the line.

This concept took a while for me to grasp, that's how I know it can sound strange at first, and why I want to elaborate on it in this article. I don't collect my equity until I sell my own house, so that means the price I paid for my house back when I bought it, plus any other money I've invested in it will control how much profit I'll make at the time I sell it. Here's an example to make my point - if I paid $90,000 for my house and I sell it for $85,000 a few years later, I made no profit; I lost $5,000.

However, let's say I bought the house for $80,000. If that's the case, I will make $5,000 profit when I sell your house eventually for $75,000. Is it clear that the price I paid for my house sets the point at which I profit on a sale or lose money on a sale? These days, a good selling price definitely will make a difference as to whether I list my house for sale at a reasonable market price or not. And my price makes all the difference when it comes to attracting buyers.

Sadly, a large percentage of sellers are in a tight financial squeeze in this economy, and the problems really started for them the day they bought a house for a price that is now higher than the market will support. This is really frustrating, now that they need to sell it. We cannot see clearly into the future, and none of us knows for sure what will happen, but we all have to think ahead in order to make a profit on the sale of a house because none of us can afford to lose money these days.

Now it's more clear when I say that I make my money when I purchase my house, not when I sell my own house, isn't it? What I paid for my house largely determines how much I am able to ask for it now in the current economy, and things have definitely changed over the last few years.

by: Leo Kingston

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