elling your own home seems Consider that a real estate
like a good idea. agent’s only job is to sell real
estate. The agent doesn’t have an
You can do so much more with a emotional attachment to the home.
few thousand dollars than pay it He (or she) is experienced in
to a real estate agent for juggling multiple priorities and
commission. can quickly determine what a
buyer is looking for in a home.
But there are a few draw backs to
consider In many cases, buyers feel more
comfortable working with a real
This is especially true if you estate agent because they feel
have to lower your asking price freer to voice their true
as many for sale by owner sellers opinions on the home than they
end up doing. would with the home owner.
When you sell your home for sale Many for sale by owner sellers
by owner, you take on all the are not able to show the home to
responsibilities real estate potential buyers in an objective
agent would normally handle. manner. Often the seller skews
the home showing to his own point
This includes marketing the home, of view, talking about
fielding phone calls from experiences that he and his
potential buyers, having open family have had in the home.
houses, making the negotiations,
and closing the deal. If these This can make it difficult for
steps were as easy as they might the buyer to truly get a feel for
seem there would be more real what it would be like for them to
estate agents. live in the home.
Pricing the home is vital to the
sale of the home. A for sale by If the buyer has an experienced
owner seller with no prior real estate agent, it could be
experience in setting home prices difficult for the seller to
might end up setting a price that negotiate a favorable deal. This
is too high. is the reason that many for sale
by owner sellers end up walking
Often homeowners have unrealistic away with a lower price on the
expectations of how much their home than they initially
home is worth. This expectation expected.
stems from emotional ties to the
house. A real estate agent, who Buyers have schedules just like
might work with several houses a sellers do. Selling for sale by
day, is better able to look at owner put the seller in a
the home objectively and set a position where he must schedule
succesful selling price. his day around showing the home
to prospective buyers, some of
For sale by owner sellers often which might not even show up.
lack the negotiation skills This can end up being extremely
necessary to ensure that they are frustrating for the for sale by
getting a good deal from the sale owner seller.
of the home.
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