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When it comes time to sell your home, one of the most important decisions you have to make is how to get it sold. As you explore how to sell your home, you will find that you have three options. With these options, there are pros and cons:
Sell as a For Sale By Owner:
Pros: Don't pay a real estate agent commission
Cons: You determine a market price and hope that its right so that you don't lose time or money
You advertise the property using sign, newspaper, internet
You coordinate showing your home
You qualify "lookers" to see if they can qualify for your home
You follow-up with each "looker" to see what they thought of your home (get feedback)
You prepare the purchase offer or hire an attorney to prepare it for you
You coordinate the buyer's inspection appointment
You coordinate the buyer's appraiser appointment
You negotiate any repairs directly with the buyer
You negotiate with the buyer directly with their offer
Buyers will most likely ask you to reduce the price since you won't be paying
a real estate commission
Sell using a discount real estate broker:
Pros: Pay a reduced real estate commission
You get your home listed in the MLS, which exposes your property to Realtors®
Cons: You advertise the property using sign, newspaper, internet
You coordinate showing your home
You qualify "lookers" to see if they can qualify for your home
You follow-up with each "looker" to see what they thought of your home (get feedback)
You prepare the purchase offer or hire an attorney to prepare it for you
You coordinate the buyer's inspection appointment
You coordinate the buyer's appraiser appointment
You negotiate any repairs directly with the buyer
You negotiate with the buyer directly with their offer
Sell using a full service real estate broker:
Pros: Your agent will consult with you on true market price
Your agent will coordinate all showings with qualified buyers
Your agent will advertise your property more efficiently and in more places than you could
on your own
Your agent will follow up on each showing to determine feedback from buyers
Your agent will help negotiate the terms of the purchase offer
Your agent will coordinate the buyer's appraiser appointment
Your agent will negotiate any requested repairs
Cons: You will pay a real estate commission to your broker for his/her services
If you are thinking of selling, get our free homeseller's kit or sign up for a free home evaluation. Both of these services come with no obligation and are completely free.
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