Are you thinking about selling your home in New Toronto? 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 New Toronto 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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Selling your home is easier said than done, right? Sure you can have your whole sale planned out with the price you want and the time frame you want to sell it in, but these things don't just happen by chance. A lot of work goes into selling a home - especially if you have specific goals in mind. A crafty real estate agent will delve into many different home selling techniques, one of them being home staging.
First off, let's discuss what home staging actually is. To put things in perspective, have you ever been to an open house that looks as if people live there, but everything just seems a little too "perfect". There may not be full arrangements in rooms, but rather accent furniture or complimentary accessories and décor. The art of home staging is done with one premeditated goal in mind - to sell a home. Agents may take advantage of the home's existing furniture for these services or bring in their own items. If they utilize the furniture that is already in the home, they will likely remove pieces and rearrange items. For example, hanging décor in 1's, 3's, and 5's, using drapery, minimalizing furniture, using inflatable mattresses, and drawing attention to focal points in a room are all the learnt methods of a home stager.
Taking advantage of using home staging services is a much more sound decision than having an open house that is empty - especially if the furniture and knick knacks are attractive. I firmly believe that an astute home stager can "con" their viewer into feeling and believing that any home is both cozy and upscale. A bare home can feel empty and lacking of character.
Real estate home staging services are beneficial to any seller. Whether you are trying to sell within a time frame or are determined to get a high asking price, a home stager is prepared to woo viewers into a well-rounded sale.
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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.