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                              selling a home privately

When you chose to sell your home privately (without the help of a real estate agent), most
likely it’s because you wanted to save some money. A research shows that selling a home
privately can save as much as $9000 during the home selling process. Don’t let this fact sway
you, though. A qualified real estate agent costs a lot because they have experience in the
market and is more likely to give you a more secure price of your home. An agent also wins in
network; being able to reach people who’s looking for a house, or can help selling one.
Selling a home privately will also affect the marketing process. If you sell your home without
the help of an agent, it’s not likely that you’ll have access to Multiple Listing Services – a
database full of house listings given out to homebuyers. You might need to get the buyers in
some other way, like holding an open house or putting an advertisement on local newspaper.
Furthermore, when a buyer sees that you are selling your home privately, they will offer a
lower price, because they knew you’re already saving money from not hiring an agent.
On the other hand, it is understandable that some people can not trust other people to sell
their home. Selling your home privately means being in total control of the transaction. You
know that you will always be available for questions or home showings. Whenever you made a
mistake, it’s yours and only yours to blame (trust me, a mistake that costs you nothing would
still feel better than an expensive one).

When you’re sure that selling your home privately is the way to go, there are some extra
preparations you need to do. Take extra measures in preparing your house. Remember that
you’ll be competing with professional agents and their clients’ houses – make sure you have a
chance to stand out! Find websites that provides a “selling by owner” kit. Get as maximum
exposure as possible

You also need to get educated in legal requirements and contract making. This will take some
time, so get help from an attorney and start researching way behind your selling date.
Selling a home privately is a tricky business. Some say that you’re able to sell your own house
if you have three free hours every day of the week. With a little bit of work, you’ll manage to
put that much-needed money to better use.




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