Should You Find a Real Estate Agent or Sell a Home On Your Own?

Have you ever thought of selling your own property as an owner? If you have the skill set and the right knowledge, you can of course do it on your own. A lot of homeowners believe that in order to get maximum profits out of selling their home they should handle the sales process themselves. The home selling process appears to be very simple at first glance and there is no need to 6-7 % of the sales amount to a real estate agent if a homeowner can sell a property all by himself. But it is important to know the pros and cons before going the home for sale by owner Annapolis Valley route.

Do you have proper negotiating skills?

Professional real estate agents have many years of expertise and skills in negotiating prices and the overall sales process with potential buyers. If you are a home seller without the necessary experience, a lack of knowledge about the property marketplace can cost you dearly. It is better to hire trained real estate agents in these situations.

Do you have proper marketing skills?

If you have fantastic skills in property marketing you can easily deal with the promotional aspect of your home sales process. But if you are a novice in that aspect, it can be much easier for you better for you to find local real estate agents in your area. All the leg work will be done by the agent and the contract will be negotiated on your behalf buy them. They understand the pitfalls, have proper knowledge of sales contracts and know how successful sales closures can be done. That makes it sensible for you to hire them.

Can you handle the potential liabilities?

Incomplete paperwork, encumbrances, third party financing, title policies, survey affidavits, property surveys, misinterpretations of contract, not satisfying the disclosure laws of the state, appraisal issues,lack of inspections, home owners association restrictions and bylaws are some of the reasons why many homes lie unsold. Unless you have the knowledge how to handle all this problems it is better to get a real estate agent on hire to handle all the details for you.