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Should You Attempt to Sell Your Home on Your Own?

Sep 10, 2008
There are many aspects to consider when you want to place your home on the market. One of the biggest issues to deal with is the decision to work with a real estate agent or to list the home by yourself. It will save you money to sell the home on your own, but it can take you longer. You will also have to invest a great deal of time showing the home. If the market for selling homes is good you have a better opportunity to make it work, but be advised that many potential homebuyers are hesitant to make such a purchase from a private person.

On the other hand, you may be able to build a good relationship with someone interested in buying your home. Since you know all about your home, the fact that they can see you have been happy living there makes all the difference. You want them to feel comfortable looking around your home so give them plenty of room to freely roam. Make sure they know you are fine with them looking in closets and other areas and to let you know if they have any questions.

You do have to be careful though because there are criminals out there who prey on those who are privately selling their homes. Make sure you have put all of your valuables away in a safe place. It is a good idea to have someone else at the home with you as well. If you feel uneasy about the people in your home, trust your instincts and ask them to leave. There is also the risk that they may simply be casing out your home so they can come back later and rob you.

You are generally in good hands when the real estate agent comes to your home to show your home. In order to get their real estate license they have to complete a background check. They also have information on clients including their name, address, phone number and other information.

It is also a good idea to offer the potential buyer something to drink and a snack. The more comfortable you can make them the more time they will spend getting to know the house. It can be very difficult to negotiate a price with a potential buyer on your home though. This is often something you want to consult a professional about. Make sure you have a fair asking price for your home, but you don't want to sell it for too little either. It is a good idea to pay for an expert to appraise your home so you know the real market value.

You will need to consult with an attorney to ensure all of the proper paperwork has been completed in order to sell your home privately. Make sure you have the attorney look over all the documents before the sell is finalized to prevent any problems from arising.

There are plenty of ways to advertise your home for sell privately including placing a sign in your yard, newspaper ads, and online. Make sure you accurately describe everything and include your asking price. This will help reduce the number of phone calls to ask you about the price, the number of bedrooms, or the number of bathrooms. If you are advertising online, make sure you add several pictures for the viewers to see as well.
Still, you will find a real estate agent has the potential to reach many more people looking for homes than you do. Many of them have a customer base who will only buy a home with their assistance. That can be a disadvantage to you if you are determined to sell the home privately.

It is very possible to sell your home on your own, but there is plenty of work that has to be done in order for it to happen. If you already have a full schedule on a daily basis then you will be better off leaving all the details to a real estate agent. They can help you prepare your home to make it as appealing as possible. You will also find they are able to negotiate the price for you as well in order to seal the deal.

Selling your home privately or through a real estate agent is a personal decision, and one you need to carefully consider. You may decide it is acceptable to try it on your own for a specific period of time. If your home doesn't sell during that span of time, you will then list it with a real estate agency. If you have to sell your home quickly in order to secure financing for another one or to avoid foreclosure, you should immediately incorporate the assistance of a real estate agent.
About the Author
The Author, Salihu Ibrahim has many home related articles like home energy conservation in his website at http://www.home-energy-info.com
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