Often, people think that it is complicated to sell a home without professional real estate agents to help them. Many homeowners, however, are smart enough to sell their own homes and pocket the commission that otherwise is paid to agents. But how will you know you’re ready selling your own home? Do you have what it takes to do it yourself? Here are some things you should consider before you decide:
Enough Time without Work and Obligations
Time is the best indicator that you are ready selling your home on your own. Perhaps, you’re working regularly but think about the possibilities that most people are working in the same manner and within the same timeframe like you do. So, if they want to check out your home, they would contact you on a weekend or weekday evenings.
However, this entails regular cleaning and make over because you wouldn’t know when a buyer’s going to come over. Make sure your property is presentable and ready to potential buyers.
Marketing at Maximum Exposure and Cost
With the right skill in research, you can find tons of services or tools online allowing you to market at maximum exposure (strategies shared on Forbes.com) and at a great cost. You just have to find the right tool and strategy that you can take advantage to.
Understand the Complicated Terms Stated in Contracts
You must be able to understand the complicated terms stated in contracts. This is another requisite when you’re selling your home on your own. However, there is no need to get alarmed as long as you have access to legal documents and real estate lawyers. You would still need a lawyer to seal the deal, anyway.
Learn the Right Market Price
The right market price does not follow absolute principles. With adequate research, you can find out the right market price for your home (an article from Wall Street Journal) – a reasonable one at that both for you and the buyer. You will find resources that allow you to compare properties so you can establish the right price for yours.
Comfortable in the Negotiation Period
Imagine pocketing the commission all by yourself. Would the negotiation period still an awkward position for you to be in? Dealing with potential buyers is just like handling another professional or colleague. The only thing needed from you is your ability to speak well and clearly state how much you want for the property before sealing the deal.
Once you’ve had everything else sorted out and you have what it takes to sell your home on your own, you can start marketing and selling it.
What are the Benefits of DIY Selling?
There is a popular saying in the real estate industry that whoever pockets the commission wins. So, there is no reason why this person can’t be you. Selling your home commission-free is a good concept to pursue in the world of real estate. Thousands of people are now learning how to go about this process so they can pocket the commission, which would otherwise go to real estate agents.
There are several reasons why commission-free selling is better:
You are in control of open houses schedule. No one dictates you when to host open houses. The entire selling process is controlled by you. You can choose the optimal schedule in opening your house for potential buyers.
You’re the one who knows your property inside and out. If there is one person who can showcase your property, it is you – not the agent. You will always be at the driver’s seat when it comes to your home. You’re the only one who can answer the details that agents cannot. You introduce your home to potential buyers on your own terms.
Develop the confidence you never knew you had. When you’re selling your own home, you must have the right knowledge and information. This prompts you to do research and find services that allow you to sell your property commission-free. It can help you develop the confidence necessary to seal a deal.
Selling your home commission-free will help you understand the real estate process. It gives you more than just money – but experience.