Pros And Cons Of Selling Your Own House
Do you need a Portland Realtor?
When it comes to selling your house, there are two ways to go about it, with a Portland realtor or without one.
If you feel that you are knowledgeable enough to sell your home on your own there are some potential benefits but still plenty of pitfalls for you to worry about.
Pros and cons of selling your own house
Pros
Save on commission: If you were to hire a realtor you would have to pay them a commission when the house sells. This fee can vary depending on the realtor and is often negotiable. The fees are generally based on either a percentage of the sale, a flat fee, a fee for services rendered or a combination of all three. A commission of 5% on a $200,000 home is $10,000 which is nothing to sneeze at. Many of the For Sale By Owner websites on the other hand only charge a flat fee.
Resources
There are private sale real estate networks that will provide you with much of what you would need to sell your home. They will provide you with a multiple listing service (MLS), for sale signs and many of the various forms you will need. If you are determined to sell on your own, consider hiring a Portland real estate lawyer to make sure the deal is done right the first time.
Cons
For Sale By Owner websites and marketing companies only charge a flat fee but charge it even if the house does not sell. You are the one out of pocket for all the expenses which is not the case when you choose a realtor. With a realtor, you only pay the commission when the home sells, otherwise any out of pocket costs come from the realtor.
Even more resources with a realtor
It is unlikely, maybe impossible, for you to have the kinds of resources at your fingertips that realtors do. The fact that realtors often know each other is a big factor to consider. They will have all the forms and paperwork you need and they will walk you through it if you have any problems.
Time
There is nothing easier than showing a home when you have a Portland realtor. They take care of taking the call, setting up appointments and actually showing the home. All you have to do is leave for a couple of hours. If you were to do it all on your own, all that work would be yours and it can add up to a lot of wasted time.
How well do you know the neighborhood?
One of the most important things about the sale of any house is the area. You need to understand not just your own property but the surrounding area in order to be able to tell people why they should move there. This means knowing about the school districts, crime stats and much more.
Keep these pros and cons of selling your own house in mind before you make a final decision. This is one of the biggest deals of your life and you want to make sure you make the best decisions possible.