Time To Sell Your Home? Understanding Different Selling Options

If you have decided it is time to sell your home and move your family to a new one, you need to have some kind of selling plan. It is possible to sell the home yourself, without the help of a real estate professional. This will save you from having to pay any commission fees. However, doing all the work yourself is not easy; especially if you have never sold a home before. Before you decide to go it alone, here are a few things you need to consider.

Selling it Yourself

To sell a home without a real estate agent, you are going to need to find a good way and place to advertise the property. Agents use a Multiple Listing Service (MLS) that is only available to licensed professionals. A potential buyer can go to an agent and have the agent search the MLS to find homes that fit the buyer's criteria. For example, if someone is looking to buy a home with 3 bedrooms, 2 baths, in a specific neighborhood, with a large yard, the agent can find what is available. Of course, if you are selling it yourself, it will not be on the MLS. Although an agent probably knows where to find houses that are for sale by the owner, he or she has no real incentive to look. If there is no contract with an agent, it means there is not going to be a commission. Agents do not work for free.

Having an Agent Do all the Work

When you have a real estate agent working for you to sell your home, you will receive more benefits than more potential buyers. You will have someone who can evaluate the market, determining just how much your house is worth and what you should set as an asking price. He or she will often have a professional appraisal done on the property. The agent can go through your home and help out to make a few changes so that it will show better to potential buyers. In addition, there will be someone available to show your home at all times. You will not have to leave work or give up your family plans to allow potential buyers into the home.

A La Carte Real Estate Services

You may decide to use some of the services offered by a real estate agent and do some of the work yourself. Some of the most popular services include having an MLS listing, using lock boxes on the door to allow a buyer's agent into the home when you are not available to show it and placing signs in the yard or at the street corner to attract buyers. When you go with a la carte services, you pay per service or some type of flat fee instead of paying a sales commission based on the selling price of your home.

If you have experience in real estate sales and some way to advertise that you are selling your home, you can try to sell it yourself. However, you may find it is beneficial to use some of the services offered by a professional. Of course, if the home does not sell in a reasonable amount of time, you can always contact and agent and work out a contract. Start where you feel comfortable and see how things go, then make adjustments to your selling plan as needed. To learn more, speak with someone like Fort McMurray Realtor at Century 21 Dynamic Realty.