Selling A House By Yourself Or Through A Real Estate Agent - A Comparison

Between selling and buying a house, which do you think is more difficult

? The answer could be both. Most serious home buyers go to a real estate agent because it is easier and surer. This is also true if you are on the other side of the transaction - the seller. You could have the same rationale - effortless and absolutely sure.

Do-It-Yourself

Under this option, the marketing for your house on sale is limited. Your chances of finding the buyer at the earliest time are minimal. How would you do the advertising? Maybe in the internet where there would be many viewers and maybe capture interested buyers. Or - you can do the advertising via newspapers and other print media. Ok, this is easy so you might finally decide to do it on your own.

Would the process end upon completion of advertisement? Definitely not because should there be interested buyers, you have to meet with them, sales talk them and give them the trippings to the property on sale. Is this not cumbersome on your part? What if you are in the office and are not available? You will miss the chance!

Another disadvantage in the do-it-yourself sale is regarding the appropriate pricing of the property. Your asking price may be too high and there would be no interested party to show up. And what if you priced your house too low below the prevailing market value? You will lose money.

And granting that the sale transaction is finalized, how would you do the documentation and paper works? You have to see a lawyer to be guided on the legality of the transaction.

This is practical if you do not have to attend to any other things - when you have all the time to advertise, meet with clients, and do the paper works. In this case, you will save on expense - the agent's commission. But is your savings commensurate to your efforts and time?

Via a real estate professional

Your only participation here is to prepare the documents, talk with the agent regarding the price and the agent takes over. When the property professional takes over the reins of the undertaking, you will just have to sit back and wait for feedbacks from this agent. Definitely you will not err in pricing because once you stipulate to the agent your price, he or she can immediately inform you if there is a mis-pricing. In conference with the broker, you can make adjustments on the price of the property for sale.

As he is indeed knowledgeable in all the steps in real estate transactions, you are sure that everything will be under standard legalities. Even your receiving of the proceeds of the sale will be undertaken by the agent. The role of this professional will not stop upon payment but rather even in the transfer of the property title in the name of the buyer - the new owner. And all the labor of the broker will cost you a little percentage of the sales value of the property.

Selling a house is as complicated as buying a house. To save your time and effort, not to mention proper pricing of the property, a real estate agent should be asked to act in behalf of the seller. This will facilitate the transaction and this will take the burden off the shoulders of the seller.

by: alona Rudnitsky

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