The Pros and Cons of Selling Your House Without an Agent

If you are preparing to sell your house, you are probably considering the possibility of going it alone, without an agent. The benefits of a successful sale without an agent are obvious – you’ll save the 6 percent-or-so sales commission that your agent would get after your home sells. This savings can mean thousands of extra dollars in your bank account at the end of the process. But being your own agent is not as easy as it may seem. I’ll cover the Pros and Cons below, and by the end you’ll probably know if selling without an agent is a good choice for you.

The Pros!

You save money. That’s it. You’ve worked hard to build equity in your home. Maybe you’ve done repairs and renovations, with your own blood, sweat, and tears. You have also formed a lot of sentimental value with your house. You don’t want to lose a fairly big chunk of that value to an agent’s fees.

If you have a realistic sense of how much your home will sell for, and the time to do all the work that selling a home entails, you might do a great job selling your own house. But real estate agents have jobs for a reason. Just like it was when you bought your first home, selling probably has a lot more to it than you can appreciate right now. Here is where the Pros stop. Everything that follows is hard work.

The Cons!

I’m not writing this discourage you from selling your house without an agent. It’s legal, and people do it well every day. In order to do it right, you’ll have to prepare your house for sale, market it, officially administer the sale, and close the deal.

These are jobs that a real estate agent Melbourne and beyond would perform for you and advise you about. Each step is multi-faceted. If you’re preparing your home for sale, you’ve got to clean it top to bottom, probably more so than you would do normally. You’ll also want to perform repairs to anything that would detract a potential buyer. You may not be able to detect things that home buyers won’t like, things that an agent would find and tell you about if you had one.

You’ve also got to know exactly how to price your home. It’s not as simple as looking around at what other homes sell for. There are a lot more elements to a sale, including what’s going on inside a house. If you don’t know, you might price your house too high or too low. A real estate agent Prahran through South Yarra will know more nuanced information about homes like yours, and what they sell for. They’ll also be able to draw up official contracts once a home is sold, and lots of other little details that’ll spring up while you wait for your house to sell, like answering dozens of phone calls and emails regarding the property.

Unless you can realistically tackle this project, you may do better to hire a local real estate agent. That’s not to say it can’t be done on your own, especially if you’ve done it all before. But if you are a first timer, you may secure the best offer for you home, and sleep a little better at night, by leaving it to the professionals.

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