How to Save Money Selling your own Home

When it comes to selling a property, the main aim is to save money while getting the best financial return once it has been sold

. While there is some money that will need to be spent throughout the process, it doesn't have to cost the earth. Here we uncover the ways to save money when selling your own home.

Forget the Real Estate Agent

While this might sound like a surprising thing to do, bypassing the real estate agent is starting to make sense to a lot of people, purely because the expenses that are associated with employing them to sell your property can be quite phenomenal.

Commissions for agents are usually calculated based on the sale price of the property, which means that the higher the value of the property, the more in commission you can expect to pay. On average, agents are known to charge fees of around $15,000 for a $300,000 property. With today's property prices skyrocketing, this can mean you could be up for far more than $15,000.

Look to the Web for Answers

The internet is becoming a very popular way to market and ultimately sell a property quite easily and very cheaply (in comparison to that of an agent). There are some impressive websites which are dedicated to helping vendors sell their property without an agent. They will often charge a listing fee to advertise on their site, but the incredible savings and flexibility really makes that expense a worthwhile one.

In fact, the flexibility that comes with these websites is quite incredible not only can you control what you write about your property, but you can also upload photos and change it any time you wish. Another added benefit is that you don't have to pay to advertise someone else's business (that business being the real estate agents!)

Put the Word Out

The world of social media truly has taken the web by storm and is now a major way for people to communicate. If you choose to list your property on a site like the ones mentioned above, social media is a fantastic way of spreading the word that your property is on the market and getting as much exposure as possible.

Some sites often allow you to click on an icon which will link the posting of your property to your social media account; however, if there isn't one, you can simply copy and paste the URL of the property listing into your status.

How to Save Money Selling your own Home

By: DainaPolecky

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