Nearly a million homes in the United States are sold each year by their owners. In other words, as much as 20 percent of residential real estate transactions are handled without the use of a real estate agent or broker.
And while selling your own home can be hard work, taking on the job yourself is definitely worth it. Here are just three of the advantages of selling on your own:
1. It can save you money
Traditionally, 4 to 6 percent of the sale amount goes towards the agent's commission. This can really add up when you are making a purchase as significant as a home. Selling your own home without the use of an agent means that you can save thousands on commission costs. Additionally, if you choose to sell with a site such as Simply Online which doesn’t charge a commission; you will not only save, but you will also have access to dedicated third-party 'partners' who can help you throughout your home selling journey.
2. It can give you more options
Since you’ll save money by not having to pay a traditional commission fee to an agent, you can consider using the savings to make your listing more competitive. For example, slightly decrease the list price of your home. These tactics can help make your home more attractive to potential buyers.
3. It can help you maintain control
Finally, selling on your own home puts you firmly in the driver’s seat. You get to:
- set the best price based on your insider knowledge of the neighborhood
- decide when (and if) you want to have an open house
- pick the most appropriate times for viewings
- choose where to advertise your home in order to reach potential buyers
Being in control also means you’re not sharing an agent’s time with dozens of other buyers and sellers. Instead, you can spend your time concentrating on one sale — your own!
And if this is your first time selling a home, know that Simply Online will make it easy. You will have all the legal support, information, templates and materials you need in one convenient location, and your trusted advisors will help you every step of the way by providing advice on best practices for a successful sale.
Selling your own home takes work, but the advantages that come with it make it worth the effort. If you are ready to start the buying or selling process, get started today at www.simplyonline.co.za.