Pro’s and Con’s of DIY Real Estate sales

Selling a home, business or property asset without the help of real estate agent is far from a new venture. Today with numerous sites reaching out to private sellers the options to do so today are on the rise. However from nothing often comes nothing and many persevere with the DIY only to find themselves having lost loads of time and right back where they started. While thousands of dollars can be saved on agent fees, however there are many pitfalls to watch for, especially for sellers!

Essentially by engaging in a real estate agent you the vendor are paying for your agent to work for you and therefore to negotiate the best possible selling price. Additionally with the right distribution arms available to agents you are likely to get more for your buck than low budget options for the DIY. As agents are dealing with property transactions of various sizes, they generally know what the market is prepared to pay and when this is possible and the best marketing approach to take. Most importantly you detach yourself from the buyer when inspections take place ensuring security of your premises and are therefore unlikely to take comments or feedback personally from an agent versus dealing directly with the punter. Agents are also trained in legal and fiduciary matters relative to any sale therefore are able to keep you away from many of the pitfalls that are sure to lie in your path.

So consider this, put yourself as the seller in face with a buyer, it is quite an emotional decision making process fraught with danger. As a seller are you able to stand up to a aggressive buyer putting your valuable asset down in hope of a better deal. As a buyer private sellers are unlikely to disclose to you material facts relative to the property so you need to rely entirely on your own investigations. An agent is bound by law to disclose to a buyer any material facts about the property known to them. Additionally an agent’s role is to ensure that both parties are fully aware of the finer details related to the transaction as well as acting as a buffer that doesn’t get personal between both parties.

We have rarely seen private sellers have a successful campaigns due to the fact that they get upset when buyers are rude. They tend to think they are being ripped off in the transaction because they take it all personally. This is where things can go off the rails and in hind sight the agents commission becomes worth the investment.

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