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The Hidden Cost of Selling Your Home Yourself

Aug 17, 2007
It might seem like a wise, cost effective solution on the surface, but selling your home yourself can be quite a taxing exercise in more ways then one.

While the numerous home selling shows and magazines might depict it in an exciting and attractive light, in reality selling a home yourself is not all that fun. Ask anyone who has ever gone through the stressful experience of selling a home alone and they will tell you that it is a time in your life, which is anything but fun. In fact, it is far from it.

Apart from the time and demand that it commands from you and your family, selling your home yourself can be a very expensive option. What is more it is only when you are midway through the process of selling your home yourself do you start to discover those hidden costs you were not aware about until now. And by then, as always, it is too late and before you know it you are forced to make those numerous unnecessary payments.

Some of the hidden costs you should be aware about before choosing to sell your home without the help of a real estate agent include:

Lawyers fees - Most people rarely need to seek the services of a lawyer in their life times and do not realize how expensive a lawyers services can be. When deciding to sell your home yourself you will need to pay for a lawyer to not only facilitate the process but to deal with payment, work on complex mortgages, leases, formalize contracts as well as helping close the deal.

Seeking the services of a market analyst - To ensure you are up to date on market trends, and value your house at a price that gets you are your buyer the best deal, you will need to get the help of a market analyst. Just like real estate lawyers, market analyst do not come cheap but are a must for anyone looking to sell their home themselves especially those without experience in the industry.

Insurance - Seeking insurance is something you need to consider especially when it comes to conducting home inspections. Firstly, as a home owner looking to put your home on the market you are required by law to seek professional approval before you do so. Buyers want to know that all your appliances, plumbing, heating etc work and that your foundations are termite free.

Also you want to take out the necessary insurance so that you are not liable for potential accidents that can happen when interested buyers enter your property on open day. You dont want to have to worry about buyers slipping over in the kitchen and injuring themselves and making your liable in the process. This might sound like common sense; however, nowadays it does not take much for litigation proceedings to begin.

So if you are adamant on selling your home yourself, it is imperative that you are aware of everything and seek professional help before commencement. Alternately, take a look at companies , who will buy your property for a fair price, today, without realtor commissions and tons of paperwork. They do it all so you dont have to and the sale goes through like a dream.
About the Author
We will buy your house As Is Now in any condition including Ugly Homes. If you need to Sell Your Home Fast Orlando, Jacksonville, Atlanta, Charlotte, Cincinnati, For Lauderdale, Houston, Tampa and Fort Myers. Call 1-800-AS-IS-NOW (800-274-7669)
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