Sell Your Home Yourself or Hire A Real Estate Agent
May 23, 2014
The first task to your moving process is selling your home before you can pack up all of your things to your new home in San Francisco. Before you put your home on the market, there are some differences between selling your home with a real estate agent and selling it yourself. Make sure to consider what’s the best method for your situation and finances. Here are some things to keep in mind to help your decision making process.
Money
The biggest advantage to selling your home yourself is not paying the 3-6 percent agent commission to your real estate agent upon closing. If you’re in need of the most money you can get for a down payment on your next home, then saving this 3-6 percent can be a lifesaver.
Timeline
If you needed to move like, yesterday, selling your home by yourself might not be the best option, unless you happen to be a marketing genius. The benefits of selling your home using a real estate agent are being able to put your home on the MLS (multiple listing service) and marketing your home. If you are able to get the word out and use a site like ForSaleByOwner.com, selling your home with a longer timeframe might be your best bet.
Risks
There are many aspects to the home selling process that will take a lot investing both time and money when selling your own home. You can always hire the services of a lawyer to help with the contract and any other questions regarding your deal, but in the end the lawyer’s rate might end up costing you more than a real estate agent.
Also, real estate agents have training and insurance to ensure your home is protected when they show it or have open houses. If you have an open house and something turns up missing, you might be out of luck.
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