REAL ESTATE-HARD TO SELL BY OWNER

SELLING YOUR HOME ON YOUR OWN MAY BE HARDER THAN YOU THINK!

Here are some points to consider:

You may place the security of your home and yourself at risk. Ads and “For Sale by Owner” signs tend to invite just anyone to inspect your house. You have very little control and no opportunity to pre-screen potential buyers.

You may not know the marketplace well enough to establish the best price for your home. If it is too high, you may lose buyers. If you ask too little, you stand to lose a great deal of money.

Coordination of arrangements and the paperwork involved with a home sale requires many hours, especially if you are not well versed in real estate and the law. You also stand a chance of making costly mistakes.

You may have limited advertising resources. Without good advertising and professional help, your home may be on the market for too long to get top dollar. That makes it harder to sell even if you do ultimately decide to list it with a REALTOR. People may think it hasn’t sold because there is a problem.

Buyers often need assistance with financing. That’s a job best left to a trained professional. Unless you are skilled in the art of compromise, you may not be able to effectively close your sale. The “give and take” aspects of the sale of a home must be skillfully negotiated before a transaction is successfully completed.

Believe it or not, buyers don’t like to deal directly with home sellers. They aren’t comfortable asking questions or pointing out discrepancies since insult or confrontation may result.