Are you thinking about selling your home in Rockcliffe-Smythe? 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 Rockcliffe-Smythe 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.
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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 Home Staging Services
When a homeowner decides to sell his home, he must make many decisions, some of which, will, generally, have a major impact, on his results, convenience, degree of hassle/ stress, etc! One of the first and most relevant decisions, is whether or not, to hire an agent, to market and sell his house, rather than attempting to do so himself. Trying to sell a home on his own, is generally referred to, as a FSBO or For Sale, by Owner, and this article, will attempt to briefly examine and discuss, 6 important factors, which should indicate, homeowners might be better served, by hiring the right, real estate agent, for their needs, priorities and concerns.
1. Knowledge of local real estate market: Doesn't it make sense, a real estate professional, would have more relevant knowledge, about the essence of the local area and market, than an individual homeowner? This knowledge will be helpful, in evaluating the best way to market, the specific property, in order to receive the best possible, available price, in the shortest period of time, with the minimum of hassle! When homes are priced properly from the onset, they sell more quickly, and at a more favorable price, and a qualified, empathetic agent, will be able to guide a homeowner, with insight. One of the objections, some seem to initially have, to hiring an agent, is paying a commission, but, studies by the National Association of Realtors (NAR), consistently indicate, homes sold through agents, net a higher price (even after considering the commission) than a FSBO might!
6. Impartial eyes: My personal trademarked slogan is, I'll tell you what you need to know, not just what you want to hear. It's often challenging for a homeowner to objectively consider, how to price and position his own house, for effective sale!
These are just, 6 factors, which indicate, some of the advantages, and reasons, to hire a quality, real estate agent. With this in mind, doesn't it make sense, to interview, and choose, the best professional, to represent you, and serve your needs?