Selling the house usually requires a real estate agent to do the most part of the work. However, most sellers nowadays try to sell their own properties by themselves. The phrase For Sale by Owner has been coined for this kind of people who try their luck on selling their own houses. Of course, it comes with some advantages and disadvantages.
The prospect of a House for sale Huntsville without paying a cent for commission is really very attractive. Hiring a real estate agent to mediate between a would-be buyer and a seller is not cheap. With the rising cost of real estate property and commissions as high as five percent, the owner will be paying a couple of thousand dollars to their real estate agent once he closes the deal.
The chance of selling a house by its owner has been increased by the availability of the internet. The information super highway can be used to reach many buyers. Posting an ad in many social networking sites can be as easy as putting a “For Sale” sign in the front yard. Making a website dedicated to selling the house with pictures and details will also attract more buyers.
Another advantage of selling a house without an agent is that the owner is totally focused in selling just one house. Real estate agents usually have many clients under their care. They can undermine one house for another which can result to a bad deal for that owner. By selling a house on his own, the seller has his best interest in mind.
The disadvantages of a House for sale Huntsville without a real estate agent are considerable as well. Saving money for not hiring a mediator between you and prospective buyers will mean a lot of work. For instance, looking for possible buyers and segregating them from nuisance on-lookers can be a pain in the neck. Talking to a lot of people is a part of the agent’s job and knowing who is a possible buyer among them is one of his skills. Besides this, scheduling and making tours around the house for buyers can be really be annoying if the owner has a very tight schedule. The real estate agent basically saves the seller a lot of time by buffering buyers.
The real estate agent also has expertise that may be indispensable in selling a House for sale Huntsville. They have data on the current real estate market that can help the owner place the best price for a speedy sale. The real estate agent also has a network of professionals that can be hired if the person needs additional help in renovating the house. Aside from this, an agent can save the seller from the mountain of paperwork that has to be filled up in transacting real estate deals. Weighing the benefits and consequences in selling a house on your own should be weighed before making a final decision. If money has to be saved and the owner is willing to dedicate a lot of effort, selling the house on his own can be an option.
