Feb 7, 2008
“For Sale By Owner” – Buying or Selling Property Without Involving Agents
What are the advantages of forsalebyowner method of selling your home?
Lessen the hassles
When you are selling your home by owner, you need not clean your home every day before leaving for work just in case the agent turns up with a potential buyer. Home buyers interested in your property will contact you directly, so you will be well aware in advance and prepare accordingly. And you can discuss the terms of the deal directly with a buyer when they make an offer. Direct communication is always faster and to-the-point. Negotiating through a middleman may take up a lot of time and lose you the deal. Forsalebyowner websites enable potential buyers to find your home directly.
Also, since you will be meeting the probable buyers yourself, you will have a better idea about their degree of interest and how serious they are about purchasing. This direct feedback will ease your mind.
You are the best “seller” for your home
The only person who knows your house best is you yourself. You are intimately sentient of your neighbourhood, its amenities and disadvantages. A well-maintained home with a fair price tag can sell itself, all you need to do is provide any information that the buyer might need.
You are in total control
You can advertise where you think best, doing away with the frustrating doubts that the agent is not doing enough, schedule visits and discussions with prospective buyers as per your convenience, or even take your home off the market for some time if you so desire, you are not bounded by any time-limited contract.
You get to keep all the money
Affix a price for your home, and calculate what 6 or 7 percent of that sum will amount to. Then ask yourself whether it is worthwhile to shell out that lump sum amount to another person just to show your own house, function as a middle-man to negotiate the transaction and deal with the legal personnel. Flatfee MLS enables you to enlist your property at only a fraction of the cost that you will need to pay your traditional broker.
Close the deal fast
If you enlist the aid of an agent, chances are that you will inflate the cost of your house to cover the agent’s fees. After some time, you will arrive at the painful realization that there is no taker for your house at that elevated price. Ultimately you will either reduce the asking price or settle for an offer equalling the original amount you would have affixed had you been selling independently. Avoid the loss by doing things right at the first go.
Selling or buying forsalebyowner is simple. Two interested parties are discussing directly about their needs and concerns, with no “go-between” whose only interest is to rake a profit for themselves by ensuring a sale, any sale, happens, whether or not the vendor gets the befitting price or the buyer gets the best house possible.
