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Advantages and Disadvantages to Selling a House on Your Own
As with any business transaction, there are pros and cons to selling your own home. Many people are intimidated by the whole process, but if you know what you are up against, and if you are aware of what needs to be done, you will be more effective at selling on your own, or you will be better at making sure your agent does what you prefer. No matter how you decide to sell your home, involvement in the process is important to ensure that you get the best deal possible. ADVANTAGES You do not pay commission. This is the biggest advantage people who sell their own homes receive by not hiring a real estate agent. Some agents charge a flat fee while others take a percentage of what the selling price. By selling on your own, you could save anywhere from $4,000 dollars to more than $13,000 dollars. Whether you want to use the proceeds to purchase another property, invest or save, creditunionrate.com can help you make the most of the every dollar you save. Home showings take place around your schedule. You can set up scheduled home showings and have open houses to fit the needs of your life, rather the needs of a real estate agent. Additionally, you know that you are home for the showings, and you do not have to worry about someone entering your house when you are not there. Full concentration on your house. Real estate agents often have multiple homes they are selling at once. This means that you do not have your agent's undivided attention. When you sell your own home, you know that full effort and attention is going into getting your home sold for the best possible rate. You control the transaction. Nobody else is in charge of negotiations. You decide when to sell for less, and whether to hold out for more. You can make sure things are done your way, and you do not have to consult an agent before closing the deal. Plus, you "own" your mistakes. At least you do not have to worry about whether the agent is making a mistake on your behalf. DISADVANTAGES You are responsible for all of the necessary legal and financial paperwork. This is one of the most intimidating parts of the home selling process. If you sell on your own, all of the transfer of deed, bill of sale, escrow, assessment, and other paperwork is your responsibility. The only thing the seller should have to do is sign. You need to make sure that you have everything in order so that sale of your home is legal and binding. All listing and advertising costs must be paid by you. The Multiple Listing Service (MLS) that realtors have access to can be pricey. If you want your home advertised, you are responsible for all of the associated costs. Flyers, newspaper ads, online classifieds, and other means of marketing your home can get expensive. Limited free time. In order to get the best possible price for your home, you must be willing to invest the time. You may that you do not have time to participate in leisure, as you must concentrate on selling your home. And you do not want to be away when potential buyers want to look at the house. Negotiating skills may not be good. Some people have good negotiating skills, while others do not. If your negotiating skills are questionable, you may find yourself out a few thousand dollars. Be aware that many buyers feel that if you sell on your own, the savings received because no commission is paid should be theirs. Likewise, if you do not do your homework on home values, you may find yourself lacking the confidence you need to effectively negotiate. After evaluating your strengths and weaknesses, and determining how much time you can devote to the process, you should be able to figure out whether or not advantages of selling your own home outweigh the disadvantages. Nicole Soltau is the President and Founder of CreditUnionRate.com. The Leading Credit Union Directory.Search, Find, Join.http://CreditUnionRate.com
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East Greenwich woman accused in real-estate scam pleads not guilty The Providence Journal PROVIDENCE — An East Greenwich woman pleaded not guilty Thursday to charges accusing her of bilking $4.7 million from close friends and family in a ... Feds freeze Miami condos tied to Argentinian drug trafficking and money laundering scheme The Real Deal A handful of condos in Miami were frozen by the U.S. Department of the Treasury as part of an Argentinian drug trafficking and money laundering scheme. Why Short-Term Rentals Are Real Estate Investing's Future Forbes If you are an early adopter, there is a huge opportunity to maximize your ROI with STRs. See inside 'true' mid-century modern house, on market for $1.05 million Knoxville News Sentinel A "glass pavilion in the woods" sits as a prime example of mid-century modern architecture. Spain’s Richest Person Bets Billions on Prime U.S. Real Estate Bloomberg Amancio Ortega is a Spaniard conquering the U.S. in the 21st century. Blackstone targets $5 billion for real estate debt fund Crain's Chicago Business (Bloomberg)—Blackstone Group LP is seeking $5 billion for its latest fund that invests in real estate debt, according to a person familiar with the matter. Columbus nations fourth-hottest real-estate market in April The Columbus Dispatch Central Ohio was the fourth-hottest real-estate market in the nation in April, a month after being the nation's hottest market.The country's hottest real-estate ... WhyHotel Announces New SF-Based Real Estate Development Business Unit and Expands Executive Leadership Team Hospitality Net WASHINGTON -- WhyHotel, a DC-based alternative lodging *service* that operates pop-up hotels in newly built, luxury apartment buildings, today announced the ... Waterfront planners push real estate leaders on district's potential, future Austin Monitor For roughly half a decade, whenever Alan Holt has talked with community members about the scope of the planned South Central Waterfront District – a ... Need To Know: Melcor Real Estate Investment Trust (TSE:MR.UN) Insiders Have Been Buying Shares Simply Wall St It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also... Random Lake Tahoe real estate ramblings Tahoe Daily Tribune It has been a very interesting start to 2019 for real estate sales in Incline Village and Crystal Bay.Inventory levels have remained extraordinarily low while sales ... Marine towing magnate’s trust sells waterfront Fort Lauderdale home The Real Deal The trust of a towboat company magnate sold a waterfront Fort Lauderdale estate for $8.1 million. In the High-Flying Hamptons, Real Estate Is in a Rut The New York Times David and Sindhu Nordquist deliberated for years about where to buy a second home, and then last summer, while renting a house in the Hamptons for the first ... Challenges of Successful Albuquerque Real Estate Deal CEOWORLD magazine Are you a business owner? Do you reside in Albuquerque? If you answered yes to the two questions, then this article is for you. Specifically, should you seek ... Prominent WNY Real Estate Developer Facing Federal Charges Spectrum News Prominent Western New York real estate developer Robert Morgan is facing multiple federal charges, including conspiracy to commit wire fraud and bank fraud, ... Real Estate Earnings Recap: Housing REITs Lead Recovery Seeking Alpha Following several years of floundering stock price performance, REITs have outperformed in 2019, boosted by receding interest rates and strengthening ... The residential real estate business needs digital disruption The Washington Post It is one of the few sectors of the U.S. economy yet to be transformed by the Internet age. ERA Real Estate partners with HomeAdvisor for concierge services Inman.com ERA Real Estate is launching a series of concierge services for its homebuyer clients as part of a new partnership with HomeAdvisor. ERA Real Estate ... AROUND TOWN: Real estate events you need to know about this week Real Estate Weekly Harshats with Hearts to honor former NFL noce tackle Jim Burt; Black Panther writer to keynote architects conference. China's Real Estate Market in 2018, Q4 - ResearchAndMarkets.com Business Wire DUBLIN--(BUSINESS WIRE)--The "China's Real Estate Market in 2018, Q4" report has been added to ResearchAndMarkets.com's offering. “China's Real Estate ... 17 real-estate agents reveal the worst parts of their jobs, from the lack of steady income to being on call 24/7 Business Insider Business Insider asked real-estate agents about the worst parts of their jobs. Several agents said it was managing clients' unrealistic expectations. Google comes to aid of Punch Line, says it doesn’t want its real estate San Francisco Chronicle Comedian Dave Chappelle (right) attends a rally at City Hall to announce an effort by Supervisor Aaron Peskin to prevent the Punch Line comedy club from… Property in Vineland sells for $505,000 | South Jersey real estate transactions NJ.com Here's a roundup of recent home sales in Cumberland, Salem and Gloucester counties. 'This was a steal': Campaign real estate deal that 'thrilled' Trump could be illegal Washington Examiner President Trump was “thrilled” that his campaign acquired northern Virginia office space at “bargain basement” rates, a campaign official told the Washington ... Real Estate Transactions — Big Deals With a Little Help From South Florida Attorneys | Daily Business Review Law.com South Florida real estate attorneys have the advantage of working in a deal-driven region which makes their skills valuable wherever the sales are closing. Top 10 Tips For First-Time Real Estate Investors Forbes Real estate can be a tremendous investment opportunity. But when it comes to taking that crucial first step, most people aren't sure where to start. Latest Vancouver real estate pitch: Free wine for a year with pre-sale condo purchase - The Province Latest Vancouver real estate pitch: Free wine for a year with pre-sale condo purchase The Province Whether it is free wine or avocado toast, creative offers are signs of the times in a Metro Vancouver real estate market with slowing sales. Raiders acquiring additional real estate near Las Vegas stadium for parking - Silver And Black Pride Raiders acquiring additional real estate near Las Vegas stadium for parking Silver And Black Pride The Las Vegas Stadium Co. COO, Don Webb, announced at Thursday's stadium authority board meeting that the Raiders are in the final stages of a ... Grayblock Power Selects Fusion to Bring Clean Energy and Real Estate Digital Asset Investments to the Masses EnerCom Inc. Grayblock Power Selects Fusion to Bring Clean Energy and Real Estate Digital Asset Investments to the Masses. New York, May 24, 2019 (GLOBE NEWSWIRE) ... Loudoun friends lead a platinum real estate team Loudoun Times-Mirror When veteran realtors Vicky Noufal and Karen Cooper first decided to open Platinum Group Real Estate together, fellow agents warned them against it. This week in celeb real estate: Tinder co-founder eyes breakup with Montecito home, Beck’s former home lists for sale… and more The Real Deal Aside from one $16 million sale in the South Bay, celebrities looked outside L.A. for their real estate fix this week. Two multi-million-dollar listings came up in ... Perry Wellington Real Estate WTAJ - www.wearecentralpa.com Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AddThis Sharing Buttons. 4 tips for avoiding toxic behavior in real estate Inman.com Whether it's clients creating roadblocks over the smallest details or other agents working to bring their colleagues down, today's entrepreneur needs to be ... Syracuse.com real estate update includes part of former Stella Maris in Skaneateles syracuse.com Syracuse.com has updated its searchable database of the latest residential and commercial real estate sales in Cayuga, Madison, Onondaga and Oswego ... |
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