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