Why Selling your Home Independently is Discouraged

Many people consider selling their home independently, but it is strongly discouraged. The main drive behind it is to save money on real estate agent fees. The commission is normally around 6% and that can add up to thousands of dollars depending on the selling price. However, as your own agent you have to take on the many tasks of the job that you may not be prepared for. This can cause your home to linger on the market.

Showing of the Property

Many potential buyers are sceptical when it comes to owner sales, and they don’t want any part of them. They worry about the risk of scams and they don’t want to give their personal details to just anyone. They also don’t like the idea of the owner following them around the home when they are trying to inspect it. Emotions can run high when selling your home, and as you see people looking around, it can prove to be too much for you.

Time Management

If you already have a job, you will find trying to sell a home on your own is very difficult. It is going to consume your time. It can be hard to balance all of it and possibly even create unnecessary anxiety in the end. You may spend far too much time on given tasks too because you aren’t familiar with them and you don’t have the right resources. A real estate agent knows the most efficient techniques to get desired results.

Negotiations are Tough

There can be plenty of negotiating that goes on when you sell a home. The potential buyer may give you an offer less than your asking price. This is a counter offer. You can accept it and proceed with the sale or you can decline it and give them a counter offer of your own. They can accept it or they can come back with another offer. This can go back and forth until an agreement is made or one of you is no longer willing to negotiate any further. A real estate agent is able to tell you what they feel is a good offer and why. This can prevent you from turning down a great offer. It can also ensure you don’t get taken advantage of when you sell your home. If you are unaware of things that could hinder the sale, you may think lowering the price is what you need to do, when it is not.You need the expertise of a real estate agent to help you get your home ready for the market.