Selling house yourself – Good idea or not?
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Selling house yourself – Good idea or not?

Have you been considering selling your home? Not sure whether to do it yourself or hire a real estate agent? There are several things to consider when making such a decision. Most people, at some point, consider selling their home themselves because it can save thousands of dollars in real estate commissions. Of course this is true, but you have to remember that selling a home requires a monetary investment to get the ball rolling while maintaining a constant marketing campaign until your home is sold. The more your home is valued, the more it may cost. Print advertising is not cheap and the longer you need to put out quality ads, the more it will cost.

There are costs to selling a home and some of them are considerable. If you use a real estate agent, most of those costs are included in the commission. Beyond the financial aspect of selling a house, there is the legal aspect. There is a lot of paperwork and legal contracts to complete before closing on a house. If you are not familiar with these contracts, you may be exposed to difficulties in the future.

Real estate agents use many resources to market and sell your home to buyers. It is also important to remember that it is typical for a homebuyer to use a real estate agent to represent them in the transaction. They may love their home but are unwilling to risk taking responsibility if there is no legal representation on either side. Someone will have to pay the commission, if you have a real estate agent, and that is usually the seller.

As you can see, there are several costs that can easily reduce your bottom line when selling your home yourself. Selling your home yourself is doable, but unless you understand the process and have the time to take on the task, you may want to consider a real estate agent to help you through the process.

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