You could possibly save a whole lot of money on commissions if you sell your home without the help of an agent. However, that doesn't mean you should necessarily do it for the following reasons.
A Daunting Task
Selling your home yourself is demanding. What if you spend enormous amounts of time, energy, and concentration in your business or profession? What if your job demands that you travel a lot? Entertain a lot? Invest long hours? You somebody who has to do research on a daily basis simply to ensure that your work tomorrow and moving forward is of nonpareil quality? If you are somebody who fits any of the above descriptions, then brother/sister, you don't need more distractions in your life right now.
My suggestion is that if your work is exhilarating, challenging, and consumes large amounts of time, you will probably be better off working with a Realtor. You would want to conduct interviews with a few agents once you have put your home up on the real estate market. Ask specific questions on their marketing methods. Ask if and how they would notify their clients about how their property is faring in the housing market. Ask for references. Only sign your name on the dotted line once you find the representative whom you are certain could do a good job and nothing less. You can get solid recommendations and a ton of insight from the best agents in the business.
Inexperience
You are probably a good candidate for working with an agent if you have never bought or sold a home before. The same thing is true if it has been a number of years since the last time you bought or sold. Dibs on those double quotations if you are new to your county and have not bought or sold a home in there either. Naturally, the exception to such a truism would be those individuals who are under the employ of real estate firms or other similar lenders. You may not be buying or selling your home on a regular basis, but your experience would definitely serve you well when it counts.
In my opinion, older people would typically have an easier time if an agent helps them out. In most cases, they would have been legal owners of their home for more than just a few years. Over time, the property would have appreciated, as the owner insouciantly goes by his/her everyday business. The owner now wants to buy something all on one level in a community in which the exterior and grounds maintenance chores are handled by an association. They need to sell one home and buy another. It's often also desirable if they can add to their savings from the sale, and have the operating expenses of the new home be lower than the old. You will invariably be faced with a plethora of issues, which could be a Herculean task even for seasoned individuals. A good agent can make a world of difference.
If this sounds like you (whether it may be the first or second situation), then I would advise against your going FSBO.
A Daunting Task
Selling your home yourself is demanding. What if you spend enormous amounts of time, energy, and concentration in your business or profession? What if your job demands that you travel a lot? Entertain a lot? Invest long hours? You somebody who has to do research on a daily basis simply to ensure that your work tomorrow and moving forward is of nonpareil quality? If you are somebody who fits any of the above descriptions, then brother/sister, you don't need more distractions in your life right now.
My suggestion is that if your work is exhilarating, challenging, and consumes large amounts of time, you will probably be better off working with a Realtor. You would want to conduct interviews with a few agents once you have put your home up on the real estate market. Ask specific questions on their marketing methods. Ask if and how they would notify their clients about how their property is faring in the housing market. Ask for references. Only sign your name on the dotted line once you find the representative whom you are certain could do a good job and nothing less. You can get solid recommendations and a ton of insight from the best agents in the business.
Inexperience
You are probably a good candidate for working with an agent if you have never bought or sold a home before. The same thing is true if it has been a number of years since the last time you bought or sold. Dibs on those double quotations if you are new to your county and have not bought or sold a home in there either. Naturally, the exception to such a truism would be those individuals who are under the employ of real estate firms or other similar lenders. You may not be buying or selling your home on a regular basis, but your experience would definitely serve you well when it counts.
In my opinion, older people would typically have an easier time if an agent helps them out. In most cases, they would have been legal owners of their home for more than just a few years. Over time, the property would have appreciated, as the owner insouciantly goes by his/her everyday business. The owner now wants to buy something all on one level in a community in which the exterior and grounds maintenance chores are handled by an association. They need to sell one home and buy another. It's often also desirable if they can add to their savings from the sale, and have the operating expenses of the new home be lower than the old. You will invariably be faced with a plethora of issues, which could be a Herculean task even for seasoned individuals. A good agent can make a world of difference.
If this sounds like you (whether it may be the first or second situation), then I would advise against your going FSBO.
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