Selling a Home Without a Realtor

Are you thinking of selling a home without a Realtor? There are several disadvantages to selling your home by owner. You may want to think again!

 

Selling a Home Without a Realtor May:

• Limit the exposure of your listing to interested buyers.
• Cause your property to stay on the market too long without getting offers.
• Force you to sell at a price below market value.
• Leave you open to liability, if you do not take the proper precautions and have an in­ depth understanding of the contracts, inspections, and procedures involved.

 

Here are Some Questions to Ask Yourself When a Selling a Home Without a Realtor:

• Are you pricing your home correctly? Do you know what your home is worth?
• Can you showcase your home on the Internet with the latest technology and marketing tools like virtual tours, panoramic pictures, and open houses?
• Can you discern who is serious about buying your home vs. just looking around?
• Are you knowledgeable about the legal, contractual, and procedural components involved in real estate transactions?
• Do you have the time to arrange appointments and tours for the buyer?

If you are selling a home without a Realtor, you will have to be selective in choosing a buyer, skilled in negotiating the price, inspecting it to avoid problems, and gathering complete information for an effective close.

 

Is Commission an Issue When Selling a Home Without a Realtor?

Many sellers feel that they can save money on the realtor’s commission by marketing and by selling the property themselves. Please consider the following:

• The Realtor’s experience and advice on how to showcase and stage your home in preparation for a sale will earn you more than the price of the commission by commanding a higher selling price.
• The Realtor’s ability to market your listing digitally and to their personal network can get you a suitable sale that could save you considerable time on the market.
• If your home doesn’t sell, are you prepared to keep it?
• How long will it take you to acquire the legal, contractual, and procedural knowledge of an experienced Realtor?
• If you don’t have real estate knowledge, how much will your potential mistakes cost you in terms of liabilities, lawsuits, and future contingencies with the property you are selling?

By hiring a Realtor, you will save time to focus on the things you do best. You can spare yourself the anxiety, frustration, and regrets of selling a home without a Realtor, and without the necessary knowledge and professional tools to do an outstanding job.

If you are interested in speaking with a Real Estate Broker at Wenzel Select Properties, call us at (630) 430-4790 or fill out the form to the right.