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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: Zillow's price estimates are screwing up homebuying Business Insider Real estate transactions — Dec. 12-18 Steamboat Pilot & Today High-profile Houston real estate company to split up into two firms Houston Chronicle Colorado housing outlook for 2025: Stubborn mortgage rates, rebounding sales, and flat prices in most places The Denver Post ‘Disastrous situation’: Longtime Massachusetts real estate firm mysteriously closes - Boston 25 News The Michael Houck Real Estate Guide for Dec. 22 Oil City News Unsustainable Real Estate Development Is Destroying Our Identity Honolulu Civil Beat The Ten: NAR ready to reclaim narrative after bumpy year Real Estate News A self-made millionaire who 'hates real estate' shares the investment strategy he used to get in without having to manage property Business Insider These were the hottest North Jersey towns for homebuyers in 2024 NorthJersey.com Real estate sales in Peoria, Tazewell and Woodford counties for Dec. 21, 2024 Peoria Journal Star Real estate brothers Oren and Alon Alexander remain in custody on sex trafficking and rape charges The Associated Press Realtor Fees And Real Estate Commissions in Illinois Bankrate.com Top 10 Housing Market Hotspots for Buyers in 2025: NAR’s Forecast Norada Real Estate Investments Real Estate Sales Include Westfield, Falconer Storefronts Jamestown Post Journal Record-setting mansion from Texas heiress among Houston's most expensive homes sold in November Houston Chronicle Home Sales Jump as Buyers Adjust to High Mortgage Rates: What to Expect in 2025? Norada Real Estate Investments Should I Refinance My Mortgage Now or Wait Until 2025? Norada Real Estate Investments Berkshire County Real Estate Transactions for Dec. 2-6 Berkshire Eagle OT Real Estate Spotlight of the Week: 4700 Pecan Ridge Court The Owensboro Times Property Mogul Grant Cardone Launches 'First Ever' Bitcoin Real Estate Fund on Florida's Space Coast Realtor.com News Signs of life in commercial real estate Marketplace Realtor Fees And Real Estate Commissions in Colorado Bankrate.com Austin’s Endeavor Real Estate Adds Dallas-Based Managing Principal dallasinnovates.com News | Robinhood reverses real estate downsizing with full-building Silicon Valley lease CoStar Group Chicago Atlantic Real Estate Finance Declares Common Stock Dividend of $0.47 for the Fourth Quarter of 2024 GlobeNewswire Westmoreland County Real Estate Transfers latrobebulletinnews.com Palm Beach Real Estate Agents Report Uptick in Sales; 'Trump's Presence Boosts Desirability' LatinTimes Real estate trends point toward stable growth even after Austin loses ‘supernova’ status Austin Monitor California Focus: The lesson of Ultra-High coastal real estate prices: look inland Ukiah Daily Journal DeKalb County’s Clerk of Court announces changes to real estate recordings On Common Ground News Miami real estate brothers facing sex trafficking charge set to appear in federal court; accomplice to alleged assault to bond out WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale Friend of Alexander real estate brothers surrenders in sexual assault case The Associated Press A New Perspective: The Ugly Truth | Real Estate Insights Piedmont Exedra Brokerage Beat: News from KW, eXp, United, Real, RE/MAX, more Real Estate News Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy's Micheal Saylor: 'BTC Doesn't Generate Any Income' Yahoo Finance Real estate battle over secretive off-market listings heats up The Washington Post Real Estate 101: Holiday Housing Northwest Georgia News West Virginia couple loses $255K, life savings in real estate scam — how homebuyers can stay safe in 2025 Yahoo Finance REAL ESTATE | Quaint cottage on Green Lake in Farmington, WI | By Tom Zernia - BOSS REALTY washingtoncountyinsider.com From Psychology to Property: My Real Estate Journey Cape Cod Daily News Real Estate Leaders Sue to Stop New York City’s Overhaul of Broker Fees The New York Times Former New York City real estate finance executive pleads guilty to drugging, raping teenager CBS News Floyd Mayweather’s Real Estate Takeover Continues as Boxing Legend Eyes $50M House With 17-Foot Deep Buried Secret EssentiallySports New Hampshire’s real estate data showcases frustration for homebuyers The Laconia Daily Sun Chamblee real estate agent Jimmy Chang killed by alleged drunk driver Rough Draft Atlanta Alabama real estate market thrives amid economic shifts WVTM13 Birmingham 2025-2029 Five-Year Housing Market Predictions Real Estate Sponsored Post: Reliant Real Estate - Home is the best place to be for the holidays! Call us today The Batavian Lennar prepares for $5 billion spinoff company The Business Journals Real Estate Showdown: A Beacon Hill Condo vs. a Dover Colonial Boston magazine My wife and I used our military benefits to buy a $1M property in San Diego. It kickstarted my real-estate business. Business Insider Real-Estate Manager Lafayette Settles Covid Fraud Case The Wall Street Journal |
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