You need to consider all factors when deciding whether it is a smart move to try and sell your own home. First let's see if selling your own home really saves you money since that would probably be the reason that you decided to try and sell on your own.
There are many factors to consider on whether you are saving money. First of all is it going to take you twice as long or more to sell your home? If so you will be paying your mortgage and other upkeep costs for a longer period of time so you will have to factor that into your savings.
Why would it take longer to sell? Most buyers turn to a Real Estate Agent to view and ultimately buy their homes. They get appointments set up for multiple showings, negotiations, advice, contract negotiations and various other paperwork done for them without paying for their services. The Real Estate Agent is showing them homes from the regional MLS system in the area and those homes are ultimately the ones that the buyers end up buying. Is your home getting missed since it is not out there on that same market? Very possibly.
If you list your home with a Real Estate Agent, you relieve yourself of many duties such as marketing, showings, phone calls, open houses, negotiations as well as sealing the deal. Are you experienced enough to handle that? Do you have the time to re-arrange your schedule every time someone wants to view your home? Are you personally attached to your home that may cloud your vision on many factors including pricing? Pricing is a vital part of selling a home and making sure you are priced right and keeping an eye on the changing market is critical in selling a home.
Many "For Sale by Owners" price their home too high since they are personally attached and believe it is worth more than a neighbor's comparable property. Will the home appraise at the high price even if you do get an offer. What happens if it does not? Have you just spent weeks upon weeks handling the transaction and it simply does not close. Did you price your home too low in the first place, leaving money on the table?
A homeowner also lacks the negotiation skills that a real estate agent does so if a buyer makes an offer on your home and they are working with a real estate professional who negotiates many deals each month, you may actually end up walking away with far less than if you had hired a professional in the business.
Safety is a huge concern in today's market. Would you open your door to anyone that wanted to come in and take a look? Of course not, your safety and the security of your home and possessions would be at risk. Your safety is worth far more than a few dollars saved on hiring someone who has had their criminal records checked and been finger printed. Real Estate agents take the risk that you would ultimately take on by showing your own home.
Are you really ready to take on ALL the responsibilities that a licensed Real Estate Agent would handle and risk either not selling your home in a timely manner, or too low or even putting your safety and possessions at risk?
Nancy Niblett is a highly successful Real Estate Agent specializing in the Chandler area. She credits her success to hard work, integrity and honesty. Clients continue to refer her over and over again. Nancy is one of the most successful award-winning agents with Keller Williams Realty, East Valley. She was awarded the Silver Top Producing individual agent in 2004, Double Gold individual in 2005 and the annual Spirit and Integrity award in 2005 and 2006. Her most cherished moment was bestowed on her in 2006, the Regional "Culture" award, which is the highest attainable honor given.
In 2006 and 2007 she received the Silver Top Producing Individual Award and the Association of Realtors Presidential Multi-Million Dollar Producer Club Award for the past 7 years straight.
For several years she has been part of the Agent Leadership Council. She has served as the Chairperson for the KW Cares Charity Organization and has raised thousands of dollars for Hurricane Katrina victims as well as for Make-a-Wish Foundation and other charities.
Nancy has homes for sale in Ocotillo or homes for sale in Fulton Ranch, both are subdivisions in Chandler, AZ.
