Sunday, February 17, 2019 / by Shayla Morford
WRONG ! ! !
If you're in the beginning research stages of possibly selling your home and the thought of selling it on your own crossed your mind...LET IT GO!
Let me help clear the air with some pro's and con's of selling your largest investment alone.
The theory with this one and the main reason people try to sell on their own is they think they can save themselves money. (Cringe) Statistically, houses listed by professionals vs those DIY persons, sell quicker and for more net money in the sellers pocket. I didn't make it up. I'd love to claim that one, but its fact. So that pro is debunked and I don't quite see any others; however, there are quite a few con's.
Beginning with the prepping, staging and de-cluttering of your home. Do you have the eye for removing and changing your own personal objects to appeal to a stranger?
Will you be able to separate your emotions and correctly price the house to the correct market value? This fragile balance is something we Realtors train, practice and study to be as high with price as possible for our clients without crossing that line drawn by appraisers.
I pay about $250 give or take on each listing to a professional photographer, because as easy as it would be to snap some pictures with my iPhone 7Plus, it wouldn't be right. Marketing the home would be the next step. Getting that word out there to a captive audience. How would you do that? And will you be the one hosting open houses and setting up meetings with potential buyers at all hours? If an agent stumbles upon your listing, he/she will be sure to make a call that will go something like, "If I could bring you a buyer, would you be willing to pay my commission fee?" and if that answer is anything but "Of course" your house is going on the bottom of the list. Its custom for the sellers to pay the buyers agent for bringing a client to the table. Buyers don't pay out of pocket to buy, their money goes into your home in down payments and closing costs. Once an offer does come your way, you are going to have to put on your negotiating hat and make sure you know what can work in your favor. Do you know what forms are used to sell a home or would you become a DIY lawyer too? Scary thinking of all the educational hours I have put into my career that someone thinks they can just wing. I would never try childbirth on my own or building my own car. I do have basic knowledge about those topics but am far from an expert.
In conclusion, save yourself from potential lawsuits, headache and hassle and just maintain your current life. Let us take those responsibilities off your plate. You are about to start a new chapter in your life, you have enough to focus on.