There are two ways to sell your home: by going through a realtor or doing it yourself. The do it yourself method is also known as for sale by owner. If you require professional assistance, selling your home with the help of a realtor is going to cost you. On the flip other hand, selling your home for sale by owner will also cost you, but not as much.
It comes down to the question of what you would most like to save, time or money. If utilizing a realtor you will save time, but not necessarily loads of time. There is a level of involvement that you must maintain in order to pick out the best deal for your specific situation. If selling your home for sale by owner, you will indeed save yourself money because the only thing you are paying for out of pocket is the cost of your advertisement.
Selling your home through a realtor can be not only an expensive method but also a difficult selection process when trying to decide which real estate agency to use. Once this decision is made, you must now work with the realtor to negotiate your terms and conditions for the sale of your home.
The realtor is paid according to the final selling price of your home. A commission of anywhere from 1 to 3 percent is charged at the closing. A benefit of for sale by owner, selling without the aid of a realtor is one of cost. Simply put, you get to keep the proceeds of selling your home if you do it yourself.
Real estate agencies expose your home to the world of potential homebuyers by the use of the multiple listing service. Your home does not get individual exposure on the level that would be given to it if you were to do your own advertising. A for sale sign does indeed go in the yard of your home with the name of the agent as well as the agency and a contact phone number, but this is comparable to placing a for sale by owner sign with the same information? The remainder of the process involves the home being listed in what is known as the MLS, or Multiple Listing Service. This is a long list of homes being offered for sale by numerous real estate agencies. Once again, your for sale by owner home will not be given the specific exposure it could be given if you were to do your own advertising.
The real benefit of selling your home for sale by owner versus utilizing a real estate agency is the control factor. You are in complete and total control of the entire transaction from start to finish. This is often the most necessary factor in selling. You are free to advertise in the way you see fit and to use the methods you want. You are also free to keep all profits from the final sale, and this is usually enough to reassure the seller that the for sale by owner way is the right path to take.
