Should you Sell your Home yourself?

Should you sell your home yourself? Yes and no. Yes, you should leave the option of selling on your own open and no, you shouldn't rule out using the services of an agent to help you sell. There are a considerable number of advantages of using an agent to sell your home but their services do come at a price ? up to 6% commission on the sale price! That's quite a sum, a precious $6,000 for every $100,000 your home is worth. Agents are not indispensable. With the advent of the Internet, a fairly sizeable number of owners have been able to successfully sell on their own. Statistics have it that 80% of home buyers begin their search for a home online. So, putting your home details on the Internet is one effective medium of advertising your home and reaching out to a large number of buyers.

So now, how would you go about doing the 'yes and no' at the same time? Well, agents may not tell you about this but there is a type of listing arrangement you can have with them, known as an 'Exclusive Agency Listing'. Under the terms of this listing, they would be the exclusive agents handling the marketing of your property and should they or another agent find a buyer for your place, your listing agent would be entitled to a full commission. This type of listing would also have the agent put your property on the MLS (Multiple Listing Service). The other side to this listing arrangement is that, if you find a buyer yourself, you don't have to pay any commission to your agent! So, the answer to yes and no lies in going for an Exclusive Agency Listing. You would be keeping the option open of finding a buyer yourself, through the Internet listings of your home, while on the other hand, should your listing agent find you a buyer, you would have to pay the commission but you're getting your home sold in the process.

So where should you advertise and list your home? There are plenty of websites which offer to list your property. Two well-known and frequently visited sites are ChoiceOfHomes.com and ForSaleByOwner.com. I suggest not listing on only one but listing on at least a couple of these sites, if not more. It doesn't cost much and especially when you consider the money you'd save in commissions from finding a buyer through these sources.

Happy Home Selling!

Sameer S Panjwani is the CEO and Founder of ChoiceOfHomes.com - Find Homes for Sale and Apartment Rentals.The website is a useful resource of Home Listings, Articles and Information related to real estate.

---

Atlanta Georgia Real Estate - Marietta - East Cobb, Roswell, and Alpharetta

Whether you're a "move up" home buyer, downsizing, or relocating... Read More

Top Tips for First Time Home Buyers

Advice to Help When You're Buying a HomeFirst time home... Read More

Transforming Doghouses into Dollhouses

Successful real estate investing depends largely on a correct assessment... Read More

Real Estate Marketing, Do You Use Direct Mail?

Prospecting for leads is by far the most difficult part... Read More

Real Estate Investing Deals That SkyRocket Your Net Worth 10-Fold

Consider these parameters for a real estate deal:Property Value: $250,000... Read More

Real Estate Business

Starting real estate business is not that simple. Multiple aspects... Read More

Home Appraisal Values Are Critical

To most, owning a home is a necessity, but sometimes... Read More

Real Estate Investing - Protect Your Privacy

An irate tenant or disgruntled home-buyer, with the help of... Read More

How to Find the Sweet Spot in Real Estate Investing

Psssssssssst, Want to know a great way to make FAST... Read More

What Does It Take To Be A Donald Trump in Real Estate?

Since you are a business oriented person, you might be... Read More

Buying and Selling Real Estate: Negotiating to Win-Win

You don't get what you deserve - you get what... Read More

Minneapolis Warehouse Loft

Downtown Minneapolis is rich with true metropolitan charm. With the... Read More

What To Expect In Closing Costs On A Home Purchase

Many are taking advantage of this year's low mortgage rates... Read More

Seller Financing - Six Safety Tips

Why offer seller financing when you sell? A higher price,... Read More

The Echo Boomers - The Next Big Consumers

The Echo Boomers or Generation Y currently make up about... Read More

The Letting Agents Role

Letting agents play an important role in the buy-to-let industry... Read More

Real Estate Investing - Free Vacations While Searching for Real Estate Acquisitions

Real estate investing professionals look for all possible tax deductions... Read More

Land for Sale

Think owning land would cost a fortune? Think again! While... Read More

Home Selling: Making It Easy On Yourself!

It's a dream for many to buy and take ownership... Read More

Can I Sell My Private Mortgage Notes?

In this country millions of homes are sold every year.... Read More

Real Estate Investment - Why it is Big Business?

When examining the different asset classes, real estate is generally... Read More

Youre Not Paranoid: The House Really Hates You

If you've just bought a house, you may be able... Read More

Curb Appeal

First impressions do make a difference when selling your home.... Read More

Budgeting Your Log Home - Creating a Checklist

If you've read my first article, BUDGETING YOUR LOG HOME:... Read More

For Sale By Owner Listings

Selling your home on your own, without a Realtor, is... Read More

Donald Trump on Real Estate

I love what Trump says about the business of real... Read More

Dramatic Profits From Preconstruction Real Estate Investing

The preconstruction process is an innovative real estate investment opportunity... Read More

How to Decrease the Value of Your Own House

Owning a house is part of the American Dream. Depending... Read More

Property Types A, B, C And D

One of the biggest problems individuals just starting out have... Read More

Regarding Real Estate On Leased Land

1.Why are there so many properties on leased land?There are... Read More

Master Builders Ask, Do You Know What Design/Build or Design/Construct Means? You Should

These real questions are answered by me and US Master... Read More

Buying Houses at Discount Prices

Buying a house is the best way you can create... Read More

Build Your Retirement By Investing In Real Estate

Most people buy one or two properties. One is their... Read More