For Sale By Owner
We are in a time where people have more options when selling their house. With technology getting better and the availability of information you can learn to do anything with just the click of a button. If you decide to sale your house you can work with an agent, or an investor, or do it for sale by owner.
Traditional way of selling your house
The most common way of selling real estate has always been through a real estate agent or broker. The real estate agent or broker will handle everything such as negotiations marketing and the paperwork and exchange for a fee or commission.
The commission is based on whether you’re selling buying or renting and can sometimes be negotiated but usually it’s 6% and up.
Even working with a professional has its pros and cons the hardest pill to swallow is the money you must pay at the end of the deal.
But let’s face it answering a few questions and then sitting back with your legs up while the house is sold for you is a pretty sweet deal.
Still considering for sale by owner
Selling your house on your own could also mean more money out of your pocket and more time out of your life. Real estate professionals can utilize tools like the MLS service that gives you more exposure which means more offers before you make the deal. Because of the lack of this tool for sale by owners usually put an ad in the paper and a sign in the yard. This might be a good marketing piece or sometimes not because of the lack of exposure.
Through the buyer’s eyes real estate transactions handled by agents could be the bet with scince they will have access to someone with experience in the market. That can be a huge help if any problems arise during the process. They can also take care of the paperwork for the whole transaction. Some buyers also tend to feel more secure knowing they can be confident that the real estate transaction will be more efficiently taken care of. The same goes goes for the rental market it can be a difficult task for landlords to locate trustworthy renters which can mean the difference between higher repair cost or low ones. I have personally seen what a bad tenant can do to a house holes in the walls, water damage, not paying rent on time, and other downsides. Having someone to research who you’re dealing with can be emotionally, physically, and financially beneficial.
