Disadvantages to Selling Your Home Without a Southeast Michigan Real Estate Agent
Posted in Southeast Michigan Real Estate by Michigan Real Estate Expert on August 25th, 2011 Is it really that difficult to sell your home by yourself? It depends. Do you like to market, negotiate and fill out legal documents? If yes, you may prefer to sell your home without the help of a Southeast Michigan real estate agent.
Before you make your decision, consider these three disadvantages to selling your home as a For Sale By Owner (FSBO):
- You may under-price or over-price your home. If you’ve overpriced your home, you won’t get many interested buyers. When you drop the price of your home a few weeks later, you’ll have missed the “new on the market” window of opportunity that brings in a lot of potential buyers. If you under-price your home, buyers will wonder what’s wrong with it, and, if it sells, you’ll be leaving money on the table.
- You have to pay to market and advertise your home. When you sell your own house, you’ll spend money on marketing and advertising costs including for sale signs, online ads, print ads in newspapers and real estate magazines as well as the cost to be included in the MLS. When you hire a Southeast Michigan real estate agent, they pay to market and advertise your home.
- You are responsible for all the legal paperwork needed to sell your home. This means you must know what paperwork is required by the state and how to fill it out correctly. If you fail to do this properly, it can delay the sale or leave you open for a lawsuit down the line if something is wrong or missing.
If you determine that listing your home as a FSBO is not right for you right now, hire an experienced Southeast Michigan real estate agent to sell your home for you. Although you’ll have to pay commission, it will save you time and effort (and maybe even money) in the long run.
If you’ve decided to hire a Southeast Michigan real estate agent in Oakland County, I’d be honored to be interviewed for the job. Please give me a call me at 248-514-2640 or by email at info@NorthWoodwardHomes.com to schedule an interview.
Lee Morof
Associate Broker/Certified Distressed Property Expert/Attorney
RE/MAX Showcase Homes, Birmingham, Michigan
Call: 248-514-2640
info@NorthWoodwardHomes.com
www.NorthWoodwardHomes.com
Advantages to Selling Your Home Without a Southeast Michigan Real Estate Agent said,
August 29, 2011 @ 11:18 am
[…] selling your home on your own right for you? After weighing some of the advantages and disadvantages to selling your home without a Southeast Michigan real estate agent, you will be able to make a more informed decision on which choice is best for […]