Are you thinking of selling your home and going it alone? Before you stick a ‘For Sale by Owner’ sign in your yard, you should consider the disadvantages of trying to sell your home on your own, without the help of an experienced real estate agent. Real estate transactions are all about making smart moves and a real estate agent’s job is to know all the right ones to make. Why risk going it alone? Let’s talk about some disadvantages of ‘For Sale by Owner.’
The Price is Right…or It Could Be Very Wrong
Choosing a listing price for your home is a crucial decision in the process of selling your home. That one decision can set the whole tone of your home’s success (or lack thereof) on the market. Are you confident in your ability to choose the right price? Why risk it? If you price your home too high (or even too low) it can seriously decrease your chances of a successful transaction.
What’s Your Marketing Plan?
You do have one, right? I mean, putting a ‘For Sale by Owner’ sign up in your yard is hardly a marketing plan. Selling a home requires a specific marketing strategy and experienced real estate agents are equipped to develop one that caters specifically to your home. Not to mention, marketing your home requires time and energy – do you have the time and energy to dedicate to selling your home?
Selling a Home Can Be a Full-Time Job
Speaking of time and energy – if you want to sell your home at its optimal value, that can require the time and energy that is equal to a full-time job. Do you have room in your busy life for another full-time job? Most people don’t, which is why we have real estate agents who make their living dedicating themselves to helping you make a successful real estate transaction.
Are You a Master Negotiator?
If your answer to that question isn’t an immediate “Yes,” you should seriously reconsider trying to sell your home without the help of a real estate agent. There are certain things that real estate professionals are trained to do and negotiating the price of your home is one of them. This is a skill that can be the difference in whether or not you make a good profit on the sale of your home (or at least break even.)
Paperwork, Paperwork and More Paperwork
Selling a home means being responsible for numerous documents, some with considerable liability attached. Are you prepared to be organized enough to handle disclosures, contracts and all the other documents that come along with a real estate transaction? You may think that you are, but you will be surprised at how quickly you find yourself overwhelmed. Wouldn’t it be nice to have a real estate agent to handle all of that paperwork?
Are you considering selling your home? Melissa Clements is a seasoned real estate agent with experience buying and selling homes in and around South Walton and 30A. Contact her today and she will be happy to work hard and guide you through the process of selling your home.