| Selling your own home seems like a good idea. | | | | his family have had in the home. |
| You can do so much more with a few thousand | | | | This can make it difficult for the buyer to truly get a |
| dollars than pay it to a real estate agent for | | | | feel for what it would be like for them to live in the |
| commission. | | | | home. |
| But there are a few draw backs to consider | | | | Pricing the home is vital to the sale of the home. A |
| This is especially true if you have to lower your | | | | for sale by owner seller with no prior experience in |
| asking price as many for sale by owner sellers end up | | | | setting home prices might end up setting a price that |
| doing. | | | | is too high. |
| When you sell your home for sale by owner, you | | | | Often homeowners have unrealistic expectations of |
| take on all the responsibilities real estate agent would | | | | how much their home is worth. This expectation |
| normally handle. | | | | stems from emotional ties to the house. A real |
| This includes marketing the home, fielding phone calls | | | | estate agent, who might work with several houses a |
| from potential buyers, having open houses, making | | | | day, is better able to look at the home objectively |
| the negotiations, and closing the deal. If these steps | | | | and set a succesful selling price. |
| were as easy as they might seem there would be | | | | For sale by owner sellers often lack the negotiation |
| more real estate agents. | | | | skills necessary to ensure that they are getting a |
| Consider that a real estate agent's only job is to sell | | | | good deal from the sale of the home. |
| real estate. The agent doesn't have an emotional | | | | If the buyer has an experienced real estate agent, it |
| attachment to the home. He (or she) is experienced | | | | could be difficult for the seller to negotiate a |
| in juggling multiple priorities and can quickly determine | | | | favorable deal. This is the reason that many for sale |
| what a buyer is looking for in a home. | | | | by owner sellers end up walking away with a lower |
| In many cases, buyers feel more comfortable | | | | price on the home than they initially expected. |
| working with a real estate agent because they feel | | | | Buyers have schedules just like sellers do. Selling for |
| freer to voice their true opinions on the home than | | | | sale by owner put the seller in a position where he |
| they would with the home owner. | | | | must schedule his day around showing the home to |
| Many for sale by owner sellers are not able to show | | | | prospective buyers, some of which might not even |
| the home to potential buyers in an objective manner. | | | | show up. This can end up being extremely frustrating |
| Often the seller skews the home showing to his own | | | | for the for sale by owner seller. |
| point of view, talking about experiences that he and | | | | |