For Sale By Owner – Facts To Consider
Many people believe they can save a considerable amount of money by selling their homes themselves. It may seem like a good idea at the time, but while you may be willing to take on the task, are you qualified?
Following are some questions to help you realistically assess what’s involved:
DO you have the knowledge, patience, and sales skill needed to sell your home?
IF your buyer is aggressive, CAN you negotiate a successful outcome for yourself?
DO you know how to determine the current market value of your home?
ARE you aware of conditions in the marketplace today that affect the value and length of time to sell?
DO you know how to determine whether or not a buyer can qualify for a loan?
ARE you concerned about strangers walking through your home?
DO you understand the steps of an escrow and what’s required of you and the buyer?
ARE you familiar enough with real estate regulations to prepare a binding sales contract? Counter-offers? Addenda?
ARE you aware that every time you leave your home, you are taking it off the market until you return?
HAVE you made arrangements with an escrow and title company, home warranty company, pest-control service, and lender to assist you with the transaction?
DO you need to hire a real estate attorney? If so, DO you know the what the cost will be and how much liability they will assume in the transaction?
DO you know how to advertise effectively and what the costs will be?
ARE you aware that prospective buyers and bargain hunters will expect you to lower your price because there’s no REALTOR® involved?
DO you understand the various types of loans buyers may choose and the advantages and disadvantages for the Seller?
ARE you prepared to give up your evenings and weekends to show your home to potential buyers and “just-looking” time-wasters?
Consider these questions carefully and discuss them with your family.
If you decide you need the representation, professionalism, and sanity-saving of a REALTOR®, please contact us today.
844-400-6040 or TucsonPowerGroup@gmail.com
Tucson Power Group can help you with a residential sale or purchase anywhere in Southern Arizona. If you are in another area or state, we have a network of quality agents. Call us today, and we can help you find a competent agent in your town.
More posts in the Real Estate 101 Series: The ABC’s of Real Estate, What Is Escrow, The Advantages Of Using A REALTOR®, Ways To Take Title In AZ