Selling your house is not an easy decision to make. There are many reasons why people sell their home. Some are due to financial reasons like wanting to cash in their estate or wanting to upgrade their lifestyle.
Other reasons include needing a larger space to accommodate a growing family or downsizing due to retirement. Personal reasons also affect your decision in selling your house. It could be that you’re getting a new job that requires you to transfer, or you just need a change of environment. Some households find that the house may be too small, or that they’re in a bad neighborhood.
Whatever the reason is, if you want to sell your house, you have to be properly guided. You should have your house listed in credible sites like Isoldmyhouse MLS listings, and you should also know the technicalities that go with putting your house on sale. There are several ways you can put it up on the list, and you have to decide whether you need the help from an agent or not. Most people who are already familiar with the process of real estate selling decide to mark their homes FSBO or For Sale by Owners. Here are 3 benefits to doing that:
1. You avoid agent Fees
Perhaps the biggest advantage with selling your house on your own is that you can avoid exorbitant agent fees that eat up a considerable amount of your profit. In most cases, the agent takes a certain percentage from the total price of the sale. Imagine putting your house on the market for $500,000. A 6% real estate commission, which is typical, would amount to $30,000. Imagine being able to save that much to put it in somewhere else like with your new home expenses. That’s a great deal of money you can save by marking your house FSBO.
2. You can manage viewing schedules better
Once you put up your property for sale, you have to be flexible enough to entertain whoever wants to come for a visit. Having a real estate agent means you also have to consider their schedule for the viewing. And sometimes you have to do most of the adjustment when it comes to getting their time because for sure, yours is not the only house they’re trying to sell. When you handle the sale all by yourself, everything is just between you and the prospective client. This makes coordinating and communication a lot easier for both ends.
3. You get to personally talk to the buyers
One important thing a lot of sellers’ miss is being able to talk to potential buyers personally. There are buyers who would prefer to have the owners around while he tours the house in case there are questions the agent wouldn’t able to answer. Direct communication with the buyer allows you to negotiate better because you get to talk to each other face to face. When you show them around personally to your home you would be able to, right then and there, see how they react to your property.
You can read their faces and see if they’re excited about the house or not. You can answer them right away if they’re trying to negotiate for a possible deal. Dealing with an agent takes this advantage away from you, as most of the communication and negotiation will be done without your presence.
