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.

---

Real Estate Professional in the Palm of Your Hand

GETTING THE MOST FOR THE LEASE-TRACKING YOUR REAL ESTATEIf you... Read More

Investment Concerns for Selling Your Home

Besides the emotional upheaval of uprooting from your home, your... Read More

Make Money As A Slumlord

Be a slumlord? Okay, I got your attention, now the... Read More

8 Essential Questions to Ask Your Home Inspector

Congratulations! You've decided to purchase a home. We all know... Read More

A Singles Game of Real Estate

This discussion leans toward answering questions asked most often by... Read More

Renting a House

Renting a house or a room in your home is... Read More

Appraisal vs. Market Value: How to Avoid Pitfalls in the Sale of Your Home

When you sell your home, appraisers use comps (comparable market... Read More

European Second Home Prices Wilt in Drought

Spain and Portugal have suffered one of their worst droughts... Read More

11 Steps Away From Buying a Home

There is no doubt that the market for houses has... Read More

The Most Sensible Investment Decision Youll Ever Make

So much advice is bandied about on the internet and... Read More

Selling Property - Valuing Your Property

Selling property privately has many advantages over using an estate... Read More

Property Investment - What Future For the Biggest Bubble of All Time?

The Economist magazine published a special report in this months... Read More

Writing on the Wall - Are REITs a Better Investment for You?

When I was a young child I had many annoying... Read More

10 Tips to Sell Your House Faster!

Here are some Handy wee Tips to help you Sell... Read More

5 Rock-Solid Real Estate Investment Strategies

Investing in real estate is more complex than simply buying... Read More

3 Mistakes to Absolutely Avoid in a 1031/TIC Exchange

We've all made bad decisions in the past. Don't you... Read More

FSBO: For Sale By Owners Chapter One

She reached the phone on its second ring. "This is... Read More

Dubai or not to Buy? A Short Assessment of the Dubai Property Market

Never has there been such an ambitious and creative drive... Read More

Maui Realtors: What You Need To Know

Maui is a great place for families of any size.... Read More

Property Investing Secrets 3

Property Investing Secrets: When you Make Property Easy to Buy... Read More

How To Sell Your Home FSBO

You decide to sell your home and believe you can... Read More

Curb Appeal

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

FSBO Novel Preface

PrefaceWe are For Sale By Owners, "FSBOs." We spend our... Read More

Real Estate Investing Requires Education

I really believe in getting an education in real estate... Read More

Part 1: FAQ?s From Media Interviews With Real Estate Author

Do you feel there is going to be a real... Read More

Expenses of Home Ownership

Hopefully all goes smoothly when you purchase your home. In... Read More

A Beginners Guide to Flipping Houses

If you're dreaming of making money in real estate, it's... Read More

How to Make a Home for Sale Flyer Using Marketing Psychology

Want to sell your home right away, for the highest... Read More

Property in Bulgaria - Huge Investment Potential

Bulgaria is a truly magnificent country, located in Eastern Europe... Read More

Buying Property In Spain

It's high time someone advocated the use of common sense... Read More

Do You Need to Download a Landlord Inventory On-Line Today?

Do you need to download a Landlord Inventory on-line now?... Read More

The Listing Agents Role in Selling Your California Home

Advertising to the "Public"Every home seller likes to be assured... Read More

Real Estate Negotiation Secrets

When you bought your home, you offered less than you... Read More