Sell Own Home - The Pros and Cons

Sell Own Home

If you thinking about selling your own home there are a lot of factors to consider. There are pros and cons that you should take into consideration. Many of the cons are easy to overcome with some basic knowledge. Honestly, selling your own home is the best thing you can do as you are in control of what happens and you can control the outcome from different ways, from marketing to negotiating.

Here are some of the pros and cons of doing it yourself.

Pros to sell own home:

1st: You try harder than anyone else to sell the house. No one is going to try harder than you. Many people can't or won't understand the pressures you are going through to sell a house, from a job transfer, to just wanting a better school or bigger home… no one will try as hard to sell your house.

2nd: There is no real estate commission and that can be a huge savings, especially when you factor in possible negotiations

3rd: You know when and how to show your home at the best times for you and your family and you aren’t inconvenienced at odd times that don’t suit your life (within reason)

4th: You control the negotiations and know what you want without pressure from an agent who may want to sell your house for the commission rather than your best interest

5th: You will probably pay more to advertise your house than an agent will. Most agents, especially in a down market, put very little money into their listings.

Cons to sell own home:

1st: You feel overwhelmed and intimidated by the process. Selling a home can seem very intimidating. Many people just "give it to a real estate guy" for that reason alone. This really shouldn't be a con, but for many people it is because the process seems so hard. In all actuality it isn't, but many people feel that pressure.

2nd: You don’t know the process to sell your own home and it can be confusing. Being confused is common. Do you think you're the only person who feel confused by this process?

3rd: It might take more time than you initially thought and don’t have the time to invest to show the house yourself. Right now you don't know when your house is going to sell because the market is so unstable.

4th: The paperwork, to many people, seems overwhelming. The quantity of papers can seem so daunting, but trust me, it's not hard if you read it. It's most filling out information you know already about yourself or the house.

5th: Many homeowners over-estimate the value of their house. They think they understand pricing but fail to understand the real value based on subjective understandings of the market

To sell own home effectively you can do both the for sale by owner method and use realtors. I have a great course that I’m putting out shortly (but not out yet) that teaches you everything you want to know. I have free videos to help you do this so please click here to get your free videos on how to sell your house from A-Z.