subject: The Pros of Selling Your Own Home [print this page] The Pros of Selling Your Own Home The Pros of Selling Your Own Home
Selling a property can be quite a daunting process, even when an agent is involved. But there is really no need to be concerned about selling your own home as it is far easier than many people are lead to believe. While you will need to allocate a certain level of time to selling the property you have, there are a great list of reasons as to why you should sell your own property.
Save Money on Advertising and Agent's Commissions
Advertising in general is expensive and there's absolutely no difference when it comes to the property market. While it is important to conduct various kinds of marketing to gain buyer interest, there are often unnecessary fees and charges applied by a real estate agent, simply for managing the process.
Speaking of real estate agent fees, one of the biggest you'll have to pay is their commission. On average, vendors can pay around $15,000 for a real estate agent to sell a property and that can escalate based on the price of the home.
Take Control
Your property is an asset that you purchased to create financial gain and for that reason many people don't particularly like handing over the sale of that property to just any old agent. By selling your property without an agent, you won't be bound to any types of contracts, except the one that will be drawn up when you sell the house!
Dealing Direct
The beauty of selling your property via the "sale by owner" route is that you are cutting out the middleman. Therefore you can answer the questions of buyers quickly and easily, without the need to have it go through another party. For those people who are quite attached to their home, it also allows you to get to know the people who are buying the property and will make you more comfortable with the sale.
No Pressure
Unfortunately, real estate agents can be quite direct and pushy when it comes to dropping the price of the house or making changes to the property. This is because they want to sell your property as quickly as possible so that they can move onto their next sale. If that sounds cut-throat, it is, but that is the nature of how many real estate agents work.
Suits Your Schedule
Because the agent wants to rush through the sale and get everything rolling as quickly as possible, you may find that they request or suggest repairs, maintenance and open for inspections all happen at a lightning speed and can sometimes interfere with your own schedule.
By selling your own property, you can set the timeline for the abovementioned points and really allow the process to fit in with your lifestyle.
