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Real Estate Information |
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Should you Sell your Home yourself?
Should you sell your home yourself? Yes and no. Yes, you should leave the option of selling on your own open and no, you shouldn't rule out using the services of an agent to help you sell. There are a considerable number of advantages of using an agent to sell your home but their services do come at a price - up to 6% commission on the sale price! That's quite a sum, a precious $6,000 for every $100,000 your home is worth. Agents are not indispensable. With the advent of the Internet, a fairly sizeable number of owners have been able to successfully sell on their own. Statistics have it that 80% of home buyers begin their search for a home online. So, putting your home details on the Internet is one effective medium of advertising your home and reaching out to a large number of buyers. So now, how would you go about doing the 'yes and no' at the same time? Well, agents may not tell you about this but there is a type of listing arrangement you can have with them, known as an 'Exclusive Agency Listing'. Under the terms of this listing, they would be the exclusive agents handling the marketing of your property and should they or another agent find a buyer for your place, your listing agent would be entitled to a full commission. This type of listing would also have the agent put your property on the MLS (Multiple Listing Service). The other side to this listing arrangement is that, if you find a buyer yourself, you don't have to pay any commission to your agent! So, the answer to yes and no lies in going for an Exclusive Agency Listing. You would be keeping the option open of finding a buyer yourself, through the Internet listings of your home, while on the other hand, should your listing agent find you a buyer, you would have to pay the commission but you're getting your home sold in the process. So where should you advertise and list your home? There are plenty of websites which offer to list your property. Two well-known and frequently visited sites are ChoiceOfHomes.com and ForSaleByOwner.com. I suggest not listing on only one but listing on at least a couple of these sites, if not more. It doesn't cost much and especially when you consider the money you'd save in commissions from finding a buyer through these sources. Happy Home Selling! Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - Find Homes for Sale and Apartment Rentals.The website is a useful resource of Home Listings, Articles and Information related to real estate.
MORE RESOURCES: B.C. dad's estate missing millions from real estate, stocks, Swiss accounts: Lawsuit - Vancouver Sun Trump's war on ‘wokeness’ could impact housing and real estate Real Estate News Vince Vaughn's Rental Real Estate Portfolio Has Allowed Him To Weather Hollywood. Here's How He Invested His Money Yahoo Finance Dubai feeling the strain of explosive growth as real-estate prices soar and roads are choked with vehicles New York Post New lawsuit sweeps up 8 brokerages and MLSs Real Estate News Metairie-based+commercial+real+estate+firm+expands+into+residential+market New Orleans CityBusiness Recent real estate transactions 1/28/25 BizTimes Milwaukee REAL ESTATE BRIEFS JAN. 25 Las Vegas Business Press Northeast Indiana Real Estate Guide Oct/Nov 2024 KPCnews.com Global Commercial Real Estate Brand SVN® Appoints John Bunch as Industrial Product Council Co-Chair citybiz FCT Acquires Majority Interest in Fintracker to Modernize Identity Verification in the Canadian Real Estate Industry Business Wire Los Angeles real estate agent charged with price-gouging family evacuated in Eaton Fire CBS Los Angeles Covid’s effect and impact on real estate, then and now The Mid Island Times I started having boozy brunches when I moved to Dubai. I drink less now — I'm fitter and better at my job but still have fun. Business Insider Investors Who Shunned the U.S. Office Market Are Coming Back The Wall Street Journal Remembering Norine Shima-Fojt, editor and real estate agent who loved and fought fiercely Berkeleyside Blue Zones Certification Boosts Real Estate Values Miami's Community Newspapers BPDA Approves Six New Development Projects in Boston Boston Real Estate Times Real Estate Update: December Figures Show Uptick At End Of Sluggish Year Huntsville Business Journal Calare Properties Announces Promotions of Four, Expands Executive Team Boston Real Estate Times Midtown South Rezoning Begins Public Review - Real Estate - United States Mondaq News Alerts News | Real estate investment firm expands workforce housing portfolio with Chicago acquisition CoStar Group BBJ: Skanska Details First Phase of Longwood labs, Residential Project Boston Real Estate Times Is Julia Fox Getting Into New Jersey Real Estate? Realtors Fall for Fake Billboard Hollywood Reporter EquityProtect Partners With Pacific Coast Title to Offer California Wildfire Victims Free Protection From Real Estate Fraud Business Wire New year, same story for warehouse owners as industrial market tightens Crain's Chicago Business Real estate market in uncharted territory The Anna Maria Island Sun Newspaper Northeast Indiana Real Estate Guide 2025 KPCnews.com R.W. Holmes Secures 46,815 SF in Lease Renewals in Billerica Boston Real Estate Times Best Real Estate Deals of 2024: Announcing this year's honorees The Business Journals Northeast Indiana Real Estate Guide 2024-2025 KPCnews.com Real Estate Transfers (January 20-24) Times Bulletin Real Estate Expert Dominique Pryor-Anderson Tapped to Lead Community Investment at TREC CandysDirt.com Island Real Estate: Hatteras Island home sales and trends for January Island Free Press Investor looks to cash out of big block of units at luxury Skokie development Crain's Chicago Business Aging Homeowners: How Does the New Generation Perceive Real Estate? Rockland County Times Gibson, Dunn & Crutcher’s Krystyna Blakeslee: Insights on 2025 Commercial Real Estate Financing Commercial Observer Another Real Estate Agent Charged with Price Gouging MyNewsLA.com Check out NYREJ's Semi-Annual Commercial Real Estate Guide! New York Real Estate Journal Online Doorify MLS and CMAsnap Announce Strategic Partnership to Bring New Real Estate Pricing Technology Into Their Platform. Victoria Advocate Taurus enters Twin Cities with 16-property acquisition The Business Journals Hirsch Bedner Associates — South Florida and Miami Real Estate News, Media and Lifestyle PROFILE Miami Top real estate CEO says California is now battling a ‘triple threat’ no one has seen before Fortune Attorney General Bonta Files Charges Against a Southern California Real Estate Agent for Price Gouging Eaton Fire Victims California Department of Justice |
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