Thinking of selling privately?
Thinking of selling privately?
Did you know a private sale is not as straight forward as it sounds? Buyers that see a home for sale ‘by the owner’ often see a bargain. The problem for the seller is that the buyer thinks they, and not you are entitled to the savings in real estate fees. With this mindset, a lowball offer is usually the result and any perceived “savings” for the seller are all but diminished. As you can see, Sellers that are trying to "save" the real estate fees, don't. It's a bit of a myth, as they often pay a buyer's agent, so automatically the money they initially pictured saving, is halved.
Now consider the scenerio above, and in the end they often take away less then they would have through a listing agent who is paid to net them top dollar, who will protect their financial interest, and who takes on the risks associated with the sale of the home. Let's connect, and I can tell you more about how I can save you money!
ready2move?
Image: renjith krishnan / FreeDigitalPhotos.net
Posted by Szabolcs Pall
on July 6, 2011