When you sell your house today by yourself, you could end up saving some money. But is selling your own home a good idea? These days, many websites let you offer your house as “for sale by owner.” But to sell your home, you will need to do a lot of work throughout this process. Plus, you will not get a guarantee that you will sell your home after all that work.
Before you decide to sell your home by yourself, you will need to ask you and your partner a few questions to ensure that you’re ready to undergo this experience.
What Is The True Value Of Your Home?
One reason why the average home buyer refuses to buy your house is that you priced it too high. If your home sits on the market for an extended period, people will begin to wonder why that is the case. You can prevent this occurrence by pricing your home right in the first place. Research the sale prices of homes in your area. You could also hire a realtor to do a market analysis or get the services of an appraiser.
Should You Work With A Buyer’s Agent?
Under most circumstances, you would get an agent to list your house and then you would pay a portion of the purchase fee. If you sell your house on your own, you could give the buyer’s agent a commission so that they will show your house to prospective buyers. But if you decide not to pay the buyer’s agent this commission, your pool of potential buyers could shrink by a lot. Paying a commission to your buyer’s agent could also break real estate laws in your state.
Do You Want to Take Care of Your Home’s Sales and Marketing Duties?
It will take a gargantuan effort to market your house. First of all, you will need to keep your home “show ready” at all times. You never know when you’ll need to show off your home to a prospective buyer.
You will also need to take professional pictures of your house, write compelling sales copy describing the property, hand out flyers advertising the sale of your home, and listing their home on a few major real estate websites. In addition to this activity, you will also have to hire a few figures to help you complete the sale of your home. Some of the people that you may need to hire include contractors, appraisers, and real estate attorneys.
Do You Want Potential Buyers Insulting Your Home?
Many people who put their home on the market don’t think about the emotional part of the home selling process. Throughout the process, buyers who want a lower price will often have no problem telling you about your home’s deficiencies. Worse, you could not receive any interest from home buyers at all. Selling your home without help will go a lot smoother if you don’t have an emotional attachment to your house or the outcome of the house selling process.
Do You Want to Screen Buyers?
Another activity that you will need to take care of is screening buyers. You don’t want to accept an offer and then learn that the person can’t come up with the money.
You could go through the process of requiring that potential buyers prove that they have the money needed for your house. You could also hand out flyers until you’re blue in the face, talk to dozens of contractors and appraisers, and negotiate a commission rate for your buyer’s agent.
If you have a Connecticut home, you could also entrust it to a company that will buy your house for cash. Freedom House Buyer will offer to purchase your home. The simple process will have you closing on your home in a week’s time. If you don’t want to sell your home by yourself, call Freedom House Buyer at 860-876-7653 or contact us on the Freedom House Buyer website.