Selling on your own will still require a plan and oversight just as though your property was being sold professionally.
Bedford Texas House Buyers: A ‘for sale by owner’ home can be a great buy as there is a discount built in. There’s no commission to be paid to agents and little to no marketing money spent. When a buyer sees the sign on your front lawn that says you’re selling your own house, there is a natural interest in many of today’s buyers. Home prices are already better than they have been in years and if they can add the other discounts into the equation, it just gets better.
When you choose to sell on your own, you will have to keep an eye on your tasks and make sure they are done to your own specifications. If you sell through an agent or other real estate professional, the agent will help to monitor the way the house looks, what you’ve done to improve the aesthetics, and anything they think should be done that will impress the buyers. They will guide the seller through all of the steps and do many of the steps themselves. This is the sort of thing that you pay for when you hand over the 3% to 6% commission on the sale.
The trouble with an agent watching what sellers are doing with their homes is that many homeowners don’t wish to have someone looking over their shoulders and overseeing their repairs and often even giving the seller a list of things they would like to see done. Well, perhaps you don’t have the time or the financial resources to do the repairs requested. So for this reason many sellers prefer to conduct their own sale.
If you choose to sell your own house, be aware that you will have to oversee your own projects and make sure they are done right and assist in the improvement of the look of the house. If you want to be sure that you aren’t missing anything or overlooking an area that needs attention, ask a good friend or neighbor to help. Have them pretend that they are walking through the house as though they are a discriminating buyer. Living in a house for many years can sometimes cause us to overlook things that we have walked past everyday for a year. Keep an eye on the plan and do your best to follow it. Selling a house is like any other business deal. It requires planning and follow-through so monitor your own progress regularly until the house is sold.
Filed under: House Selling