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For Sale by Owner
Is this method right for you?
When selling a home, some owners often attempt to do it on their own. And although they
may be successful in doing so . . . one has to wonder if they got the best deal.
Before making the decision to sell independently, consider the following:
Do you know the fair market value of your property?
Is your asking price too high / low?
How many buyers do you think you will be able to attract?
How much money will you have to spend on advertising?
How much money will you have to spend on lawyers?
Can you write a legal contract?
Are you able to determine if a buyer is qualified for a mortgage?
How long will it take to sell your home on your own?
Can you effectively negotiate a contract?
Will it be one that completely protects your best interest?
Will you be able to get the amount you want or will you have to settle on a price?
Are you prepared to let strangers in your home without anyone else around.
Are you familiar with the provisions of the Fair Housing Act?
These are some very tough questions. So, before spending any money to do it on your own, think about this:
A Realtor will provide you with a Comparative Market Analysis, so you know what your house is truly worth in today's market.
They will take the time to explain current market and economic conditions.
They can guide you every step of the way, including through all the legal documents.
Within 24 hours, they can have your listing receiving worldwide exposure.
A Realtor's office has a team of people working around the clock to sell your property.
Realtors will only bring you qualified buyers.
When on the market, homes often sell within 4-6 weeks.
A Realtor handles all of the negotiating with the buyer and the attorneys, so you don't have to.
Realtors can explain the legal proceedings, rather than paying a lawyer.
Remember : A licensed Realtor handles these sort of transactions all the time. They are
used to playing the middleman between you and the buyer / attorneys, eliminating many of
the hassles experienced by those who sell independently. And they will ALWAYS attempt
to locate as many potential buyers as possible, in an effort to secure the best possible selling
price.
When you consider all of the hidden costs and lost profits many experience by selling
independently, plus all the time saved by having a professional handle the majority of
the legwork . . . many people realize there are some significant benefits to using a Realtor. Especially since
the commission paid is based on the final selling price.
We suggest, you at least consult with a Realtor before attempting to sell on your own.
The Bigger The Pool Of Potential Buyers, The Better The Chance Of Finding One Who Will Meet Your Price. |
Participating Broker
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