It is tempting tp sell a house by yourself. You’re preparing to sell your home and you’re facing the ultimate dilemma—do you sell on your own or with an agent? There are multiple factors to consider as you’re thinking about your selling strategy but ultimately, selling with an agent typically leads to a greater return in the end. This article will go into 3 reasons when you shouldn’t try to sell your house on your own.
Sell a House By Yourself: It Takes Up Too Much Time
Selling yourself initially takes a lot of time—you’ll have to stage the home, take professional-looking photos, and do all the listings yourself. Then, constant communicating and marketing will keep you busy.
Furthermore, when operating without an agent, you can inadvertently send the signal that you are less serious than other sellers. As a result, you’ll get less serious traffic—people with no intention to buy and agents that take advantage of your lack of expertise.
You Don’t Know the Market
It’s unlikely you know the local real estate market as intimately as a real estate agent that works in it. If you don’t know the market well, it’s likely that you won’t know how to price your home. The result? You may set your home’s price too high and drive away potential buyers.
On the other hand, you may set your price too low and send the message that there is something wrong with your property. Eventually, you may receive a few lowball offers that you mistakenly accept when you could have gotten more of a return if you had sold with an agent. A real estate agent will know how to properly price a home. In the end, the net profit resulting from selling with an agent will far outweigh the 2–3% of commission you pay.
Sell a House By Yourself: Fewer Prospective Buyers
Choosing to sell your home by yourself can lead to fewer productive interactions with other buyers and real estate agents. For starters, the majority of buyers start their search by looking on websites like Realtor.com. Websites like these are usually only accessible by realtors.
Even though you may be able to list your home on websites like Facebook and Craigslist, you will already be missing out on a huge number of prospective buyers by selling your home on your own.
Selling your home can be quite an ordeal. You want to ensure that you present it in the best light, draw serious buyers, sell it quickly, and get as high of a return as possible. Ultimately, selling with an agent is the best way to get the greatest net profit on your home.
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The Southwest Florida Real Estate Investment Association is the leading source of SWFL real estate investing events that provide investment education and networking in southwest Florida. We analyze the housing market and foreclosures and provide information, education and networking events in order to build a network and knowledge base for investors and potential investors. Our members include real estate agent, brokers, investors, hedge fund managers, rehabbers, wholesalers and more.
Our SWFL REIA General Meeting is held in Fort Myers where we provide education on hot topics in investing and an opportunity to enjoy the camaraderie of your fellow investors. You’ll get a chance to ask for advice from successful real estate professionals and even make a few deals on your latest projects.
To become a member, anyone can register as an individual, a couple, or a corporation. Being a member opens the doors for endless networking opportunities, advice from members with decades of experience, new ideas from entrepreneurs, camaraderie with those just beginning, and deals and contracts done in the meeting room. For those interested in Cape Coral rental property investment and/or Fort Myers rental property investment, SWFL REIA will be able to provide a network to help launch a successful investment career.
The SWFL REIA is known and respected as a source of current, actionable and useful information about the housing market in the area that we meet.
We meet twice a month.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Their meetings are focusing on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
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