Traditionally when a person decided it was time to sell their property, they contacted a realtor who not only connected buyers looking for places with the house, but also helped with the final transactions. While lots of buyers and sellers do decide to go through a real estate agent when they decide to list a new home for sale, it’s not a decision all homeowners make. Some have decided to go through the process by themselves and simply stick a sign in their front yard stating that New Home for Sale by owner. There are some pros and cons to this situation.
The biggest problem with avoiding a real estate agent will be the limited amount of prospective buyers you will connect with. While there are some resources out there to help you sell a property independently, it will still be highly limited compared to the MLS listings and other tools real estate agents use to promote your home.
On the other hand, real estate agents prove that you get nothing in life for free. The reason they work so hard to help market new homes for sale is because they want to collect their commission. This commission really adds up, especially if you still owe the bank a lot of money, or if you need the money from the sale to purchase a new house. By not going through a real estate agent, you won’t have to worry about paying anyone a commission, and you will also have more room to haggle with potential buyers about the final purchase price.
When you decide to try out the new homes for sale by owner route, you need to be prepared to field all kinds of calls and questions your real estate agent would normally handle. Most of these calls won’t add up to anything. Even when you suspect the phone call is someone wasting your time, you still need to stay polite, and answer his or her questions to the best of your ability.
Before you list your home for sale, you will want to do some research. Not only do you want to know the current market value of your home, talk to other homeowners in your area with similar pieces of property and find out what kind of prices they’re asking. You will want to stay close to their asking prices. Asking more will drive away prospective buyers, asking less will make them think there’s something wrong with the property and scare them away.
The good news about trying to sell your home on your own is that it doesn’t preclude you from using a real estate agent in the future. If you’ve tried selling it on your own and haven’t been happy with the results, you can always list it with a real estate agent and see if they do any better with a more traditional method of marketing a new homes for sale.
New Homes for Sale Ottawa ON – Save yourself stress and hassle by contacting Hamre Real Estate Team RE/MAX Affiliates to include your property in the listings of new homes for sale in Ottawa ON.
