d how hard is it to sell your own home? what are the bad thing about doing it yourself? What do you need?

Answer 1

It is really much easier to use a reputable real estate agent. There are so many hidden clauses that the buyers can come back on you on in the future. I know that you have to pay the commission to the real estate agent, but its well worth protection against any future problems.

Answer 2

After buying and selling many homes, and a couple on my own, I advise against it, no matter the companies that advertised how easy it can be.

The realestate market at the moment is still far from soft, though it's a bit more stable and less crazy than at times in 05/06.

Issues you certainly need to consider is your reasons to sell, what you've put into the house to possibly increase its value, what issues may exist to decrease its value or selling price, and what you want as a FAIR return on your investement, among other things.

Remember, as many homes as are available, there are perhaps 6 times as many people looking for one.

A decent "Realtor", not just an "agent" (no offense to them) is the way to go. You can question them with all your concerns, and can very often negotiate costs in a sales contract to ease your out of pocket burden. Keep in mind, again, FAIR. A typical FAIR commission to a Realtor is approximately 8% of the selling price. That equates to $8000 for a $100,000 sale. The Realtor should be able to help you determine what you NEED in a cash in hand thing, to pay off a current mortgage if one exists, and possibly get you a higher asking price to help defray the costs to you. Remember though that if your selling price increases by $10,000, so does the commission.

The paper work alone, DONE by anyone else is a savings in effort and stress.

I also strongly advise that you secure the services of a Realestate attorney, and any decent Realtor should be able to hook you up. All the "I's" dotted, all the "T's" crossed, can save you angst as well as money.

I offer this too. Consider FAIR again and the "Buyer"

When you were a Buyer you wanted respect, honesty, etc. That hasn't changed or should it be dismissed in the thoughts and issues of anyone interested in purchasing your house.

I say this with all due respect. "It's only money, and we NEVER OWN money anyway." What works for you, and anyone wanting your house, will be as rewarding as an extra pocket full of change in the end.

Steven Wolf
(The Rev.)

Answer 3

I have sold homes with and without real estate agents. For me it is not difficult. i search the market for similar homes in the areas, find out the selling prices and features of each home etc. I can now do that onlne.
Once I set my price (and I always ADD some additonal dollars for negotation purposes) I make sure the house is in salable conditon. First apperances count: make sure the outside yard, drive etc is imaculate, the house extdrior is in good shape. Inside the house must be clean, organized and have neutral colors.
I run ads, have sales sheets printed showing room sizes, features etc. Basically I do the same work as a realator would.
I only show the house by appointment.
I have sold 3 houses: 2 myself and 1 with a real estate company. Of the one sold thru a real estate company it was sold to the first couple that came thru. All the houses sold in less than 30 days.
It takes time and a lot of work to prepare the house "For Sale" and any realator will tell you the same. I also work in sales and know how to meet, greet and talk with strangers.
If you do not have the time, understanding, abilities etc, hire a real estate company OR sigh up with company that assists homeowners in the sales process.

Answer 4

Too much to get into here. If you have the time and somewhere else to stay, sell it your self. If you don't have the time, pay the 4.5 or 6% and let an agent do it for you. Personally I would turn it into a positive cash flow and keep it.

There are several Real Estate courses out there that explains the whole thing in great detail in a way you can understand it. You can take the Carlton Sheets course pay the $9 down payment fee and examine all the course materials for 30 days. You may just decide on a new career for yourself. Even if you pay the full price and keep the course,.you will get your moneys worth and save a good deal of money on this first deal alone.

Answer 5

How hard? Easy as pie if you have under priced the home.

If you are asking this question, there are too many things to write quickly about to guide you.

You need the services of a qualified Realator. They earn their living by getting the best reasonable price within a reasonable time for the client, while insulating the client from bad things, of which there are many.

A short list of bad things in a transaction from the seller's side.

Buyers who make a down payment but refuse to complete unless . . .

Hidden defects arrive before closing

Hidden defects arrive years after the closing demanding redress

Discovering a problem with title

buyer makes down payment and dies before completion.

and so on.

You need competent professionals to represent your interests.

And you are not the one.

Answer 6

80% of the homes sold in the United States are sold by Realtors. don't forget every month you don't sell your house you are making another mortgage payment and that's money you are not getting back. if you make $1000.00 a month payment and 90% of that goes to interest you are paying the bank. of course these figures differ depending on your loan. this is just a example.

Answer 7

passing it thru an agent/broker is a lot easier.
if you're thinking that you could save more since the agent got a cut / commission, it compensate the market they have w/c is more possibility to have it sold. and brokers will do all the leg work & paper works for you. they have the license & knowledge to do it. the buyers will still prefer dealing w/ a professional agent/ broker.
it depends on what state or country you have to know what you fully need. of course you need the proper documents & the property documents.

Answer 8

down side is lack of marketing up side you retain most of the money We just picked using a Realtor because this is a buyers market so we wanted as much marketing as we could get

Answer 9

First of all,you need to know what it's worth. You will need to pay someone to come over and tell you what it's worth.They can also tell you what needs to be fixed or changed to make a better profit. Go on HGTV.Com they have a show about it on tv.