Are you thinking about selling your home in East York? Have you been thinking of selling it by yourself instead of hiring a real estate agent? There are several advantages of selling your home yourself, but there are disadvantages as well. To make it easier for you to make a decision find the most important pros and cons below.
The most important PRO for selling your home yourself in East York is MONEY. Selling your home without the help of an agent means more Money in your pocket! By selling it yourself you save the commissions and fees. – We are not talking about pennys, we are talking about THOUSANDS of dollars which you would have to pay an agent. Another advantage is that you are able to decide the times for open houses and showings. It is also completely up to you where and when you want to advertise. Unlike a real estate agent who is selling many houses, you can focus on YOUR house, because you are only selling your own house. It is obvious that you will have more interest in the sale than an agent.
How to Find the Best East York,Toronto Based Apartments ?
Here are some things to think about.
Today's housing market is an interesting one indeed. A few years ago, the boom enabled people to sell their places before the sign hit the yard. There were bidding wars that drove the prices up even higher than the asking price. Properties sold in minutes or hours. This was an unusual market. A more normal time frame for the selling process is a couple of months, at least.
Now on the complete opposite end of the spectrum, we have today's market. Due to a slew of foreclosures or those sold on the auction block due to tax lien defaults and don't forget short sales, values and prices have dipped substantially, as well.
- Network: A Realtor will have a network of associates who will also be showing the house to potential buyers. With an agency, there is a team of professional on your side.
It's a difficult housing market and to move a property to the "sold!" status, it takes an experienced and determined team of pros. A full service real estate company has the tools and personnel needed to sell homes.
Sell Your Home Over the Internet
I'm sure you've seen these advertisements on bandit signs by the highway, or in the real estate section of the newspaper. Perhaps you've wondered if they are realistic - or are they just a scam?
Well, the truth is that the better ones are genuine. They are placed by private investors who have immediate access to funds and can afford to close on your property quickly. They will often cover the closing costs, and will certainly arrange all of the paperwork. Sounds too good to be true? Well, it isn't, but there is a snag - I bet you guessed that!
If someone is prepared to buy your house, for all cash, and close in 7 days, they are not going to pay retail market value. That's a fact - they can't afford to. These people are not philanthropists - they do this to make a profit (although the reputable ones also like to think they are helping people in distress). So, somewhere below the retail market value is what you can expect to see on their offer. How much below market value? It depends on the condition of the property, its location, and a number of other factors, but it could be around 70% of the retail price.
Of course, you can try to sell the property yourself, saving the cost of an agent, but market statistics show that over 80% of FSBOs (For Sale By Owner) end up using an agent anyway, and those that do sell the house themselves, achieve a lower price than the agent would have done. This is partly because the buyers know that the seller is saving agency commissions and discount that from the offer price.
When a private investor talks about buying your house in 7 days, this is just one of the ways in which they can do it. But as you can see, although at first glance the offer may not seem to be very generous, once you take into account the variables we have discussed, it can start to look like a good deal.