If you look around at homes for sale, you will probably notice that most have real estate signs in the front yard. There may be a few, here and there, that have "For Sale By Owner" signs, though. When people try to sell their homes themselves, it is normally because they are trying to save money. While this method can work for some people, it is not always the most effective method. Before you decide on selling your home yourself, it might be important for you to understand the problems you may encounter during this process. Here are three problems that you should be aware of.
The first issue you may encounter is having the ability to properly market your house. When you hire a real estate agent to sell your home, you will have to pay him or her when the house sells, but you will not have to worry about advertising.
When people are looking for a home to buy, they normally look online at real estate websites. Agents always post all homes for sale on these websites, and people are able to view these homes by searching. They can narrow down their searches by location, price, and size of home, and this makes it easy for people to find homes they like.
You will not have this luxury when you try to sell your house by owner, even though there are plenty of websites you could advertise on. The problem is that these sites might not get the same amount of traffic as real estate websites, which might make it harder for you to find a buyer for your house.
Showing Your House
The second thing to consider is your ability to show your house to prospective buyers. If you are home all the time, this might not be an issue, but if you work a lot of hours, you will be limited as to when you can offer showings. When people want to view homes for sale, they can be impatient. If you have limited time slots for this, it could push some potential buyers away from your house.
With an agent, you will never have this problem. The agent can place a lockbox on your house that contains your house key. Any agent will then have the ability to show your house at any time; however, the agents must call and let you know when the showings will be.
Finally, selling your house on your own leaves you alone in this. In other words, you will not have anyone giving you advice or helping you protect yourself in the deal. When you hire a real estate company to sell your house for you, the agent you select will represent you. This agent will keep you informed of what you must do, and he or she will handle all the paperwork and legwork needed to make the sale go through. The services of a real estate agent are extremely helpful, because agents:
- Help you set a selling price – If you do not set the right price on your home right away, it could create problems. You might sell it for a price that is too low, or you might never sell it because the price is too high.
- Find qualified buyers – In addition, your agent will make sure that anyone interested in buying your house is a qualified buyer. If you create a contract with someone who cannot get a loan for the house, it will prolong selling it.
- Handle all the steps – To sell a house, a number of steps must be completed. This includes having the title work completed, getting an appraisal, and having inspections done.
While it is not impossible to sell your house on your own, using a real estate agent is a much easier way. If you would like to learn more about this, contact an agent from a company like Haring Realty.