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Pros & cons of selling your home yourself

Selling property is a long and tedious process but the out come is worth it (that is if you do it right). The disadvantages out way the advantages but it doesn't mean that you should forget about selling your home yourself (remember you will not have to pay any commissions). Get prepared first and find out as much about the market as you can and if after a few months you haven't sold your home then think about using an estate agent. Good luck

Advantages

  • There is no commission to be paid.
  • The proceeds are all yours.
  • You are in total control of the process. You can sell it at your own leisure.
  • You have full control of showing your home and can pick and choose who you want to show.
  • If your equity is low, you may be able to sell your house without having to write a check.

Disadvantages

  • You must rely solely on your own instincts.
  • All marketing and advertising costs are your own.
  • You have to advertise yourself and find prospective buyers.
  • Without the knowledge, you may under price or overprice the house.
  • If you are not skilled in negotiating you might not get the full value of your property's price.
  • All of the paperwork, legal forms, etc. are your responsibility.
  • This will take up a lot of your free time.
  • You must become knowledgeable in legal and financial issues to be most effective (and to protect yourself).



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