Sunday, 17 December 2017

The Challenges of Selling Your Own Home and Resources to Overcoming Them

Written by Posted On Monday, 03 July 2017 16:37

You’ve come to the decision that you’re going to put your house on the market, but there’s just one question on your mind. Do you sell your home on your own or do you hire a real estate agent to do it for you? It’s a logical question to ask. After all, who knows your house better than you do? You’ve spent years investing in it, and deserve to get as much as you can for it.

However, just because you can sell your own home doesn’t mean you should do so blindly. You may have heard stories about homeowners who’ve tried to sell their own home to no avail. Some end up taking considerably less for their home while others decide to hire a real estate agent to hurry the process along.

The truth is, although it will require some effort on your end, selling your own home is not as negative as some make it out to be. Here are some of the “downsides” to selling your home without an agent and solutions to make the process easier.

1.  You’ll Be Responsible for All Advertising

When selling your home without a realtor you will be responsible for finding ways to get your home on the market to interested buyers. This will include but is not limited to advertising online, in publications, and potentially flyers. This can be considered a downside to selling your own home if you don’t know where to look.

Websites Like Beycome Make It Easier

Finding places to advertise your home for sale by owner is not as complex as it may have been in previous years. There are lots of platforms that affordably allow homeowners to advertise their properties for sale or rent to interested parties. Websites like beycome.com, for instance, provide a marketplace for homeowners to not only advertise their homes for sale but communicate with buyers throughout the entire sale. By creating an impressive advertisement complete with pictures, you can attract several buyers to your home improving your chances of getting your asking price.

2.  Marketing Materials and Legal Contracts

It is true that when selling your own home, you’ll have to come up with your own marketing materials such as flyers, banners, yard signs, and business cards. Should you find a buyer that is interested in your home, you will also have to complete the closing on your own. Legal contracts and documents are hard to draft and comprehend on your own, which is why many would consider this to be a serious challenge to selling your own home.

There are Affordable Resources

Again, there are a lot of online resources that can be used to make selling your own home a lot easier. From templates for flyers, business cards, and postcards to legal documents that can be customized to meet the requirements for selling or renting your home, you won’t have a problem creating marketing materials or drafting up legal closing documents. Even if you decide to work with an attorney for closing, utilizing these forms saves you a lot of money on legal fees.

3.  Selling Your Own Home Takes a Lot of Time

They say time is money. When trying to sell your own home you will spend a lot of time on it. You are in control of everything. From listing the property to communicating with buyers and scheduling visits you’ll have to manage all of it without the help of a realtor. It can get time-consuming without the right tools.

There are Ways to Save Time Selling Your Home

Selling your own home doesn’t have to consume all your time if you know which tools to use. For instance, when listing your home for sale by owner online, try to find a platform that will allow you to list and manage ads from multiple platforms including social media or Craigslist. What you list also makes a difference include things of interest like large rooms or a backyard. You might also consider virtual tours so viewers can see the property. On average, you could have your home sold in less than 3 months.

Those who sell their own home can save as much as 6% on the commission that a realtor would receive. Grant it, real estate agents are sometimes necessary and definitely deserve every penny they’re paid, there’s nothing like the success of selling your own home and walking away thousands of dollars richer. Utilize the above-mentioned resources to make selling your own home a faster, simpler process. 

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Ryan Kh

Ryan Kh is a big data and analytic expert, marketing digital products on Amazon’s Envato. He is not just passionate about latest buzz and tech stuff but in fact he’s totally into it. Follow Ryan’s daily posts on Forumsmix. Email him at ryankh14@icloud.com, and follow him on Twitter, LinkedIn and Tumblr.

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