If you think that selling your house on your own without a real estate agent will save you a lot of money, and make the selling process easier, there are some things you want to research first. It could end up being a difficult task trying to sell the property without a real estate professional, and then this could affect the sale of the house in the long run. Here are some of the things to take into consideration before avoiding an agent.

There are Many Legalities

A lot of people don't understand that are laws, rules and restrictions when it comes to buying or selling a house. A real estate agent makes sure that you are disclosing all the necessary information about  the property, that you negotiate bids legally, and that you start the formal buying process as stated by law. If you attempt to do these things on your own you could end up with some legal problems.

Selling by Owner Could Take Longer

Trying to sell the house on your own could force you to pay more mortgages because it may take you longer to sell the house. Selling by owner could cause the following concerns:

  • Improper marketing
  • Not enough marketing exposure
  • Pricing the property incorrectly
  • Lack of great staging
  • Difficulty trying to negotiate and get into escrow

A real estate agent has a wide range of marketing options, from their company website and phone app to their own blog and social media. You don't want to try to do it on your own, only to end up missing out on potential buyers.

Real Estate Knowledge is Necessary

You may think you can look up some comparable properties or think that you know what your property is worth. The reality is that you have to compare many different things, like these:

  • Recent sale prices not list prices
  • Home size and lot size
  • Taxes and school zones
  • Increase or decrease of interest in an area
  • The effect the season has on the house price

You may think that your home is more than it's worth, or that it's worth less, and listing it improperly could delay the sale or cause you to lose money.

Once you do have an interested buying you have to negotiate the costs and terms of the deal, and then there is a lot to be done. Inspections, creating and signing documents, and closing has to take place. Get an agent, such as from RE/MAX QUALITY REALTY, before you try to sell your home today.

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