Are you thinking about selling your home in Willowdale West? 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 Willowdale West 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 Willowdale West,Toronto Based Apartments ?
Experts estimate that most people who use a Realtor will pay as much as 10% of your selling price in costs associated with selling. The cost of selling a home yourself can range from 4% to 8% of the selling price of your home. When you're estimating your expected gains, remember that the cost of selling a home can be deducted from that figure for tax purposes.
To give you an idea of what the costs of selling a home in the current market are, take a look at the information below. We've included estimated costs based on a $250,000 home sale, as well as some tips for lowering or eliminating them to lower your overall cost of selling your home.
If you list your home with a Realtor, expect to pay 4 to 6% of the sales price, or $8,000 to $12,000 in real estate commission.
Tip: Shop around. Real estate commissions aren't written in stone. A Realtor may be willing to accept less of a commission in a slow market, or you may be able to save money by contracting with a Realtor for specific services only rather than a contracted listing.
The cost of moving from one home to another are included in the cost of selling a home. It may be as little as $1000 to as much as $12,000 for a cross country move. Let's be conservative again - $3,000
Other relocation costs
You may need to replace appliances, pay off school transfer or gym fees, or pay storage for your furniture. There are many unexpected costs of selling a home which may amount to nothing, or add up to a good chunk of change.
Even without adding in other relocation costs, you can see how the cost of selling a home can reduce your final cash gain. The good news is that most of those costs are deductible on your taxes.
Real Estate Services: How to Market Yourself
Home selling prices are starting to fluctuate a great deal across the country. Many areas that have been experiencing a real estate boom are starting to find out that home prices can't stay up forever. On the other hand there are still areas of the country that are experiencing rapid home sales and soaring prices. So the question is how do you price your home right so that you can get the most money and sell your home fast.
The first key to any real estate sale is to list the property at the correct price. Most homes are listed for a higher price then what the home is truly worth. Most FSBO's price the home high because they feel their home is worth more than their neighbor's even though the neighbor's home is exactly the same. Real estate agents unfortunately price homes too high for fear of not getting the listing. A real estate agent should know the proper price for a home but are pressured by the seller to list for a higher amount. Instead of the agent doing the right thing, telling the owner how much the home is really worth, they go ahead and list the home for the higher amount. Whatever you do, make sure you price your home at market or below.
If you want to sell your home fast then make sure you price your home properly or even a little under the true value of your home.