Real estate agents will often charge fairly pricey commissions when they sell your home, and therefore you may want to avoid these charges by selling it yourself. If you do take this course of action, you need to consider certain things very closely first.
If you do take this option then there will be a number of things to consider. One of the most obvious of these will be working out whether or not the cost of hiring an agent is better or worse than the costs and time that you will have to spend marketing and promoting your home sale yourself. If you consider that selling a home worth $100,000 will usually incur you a 6% or 7% commission fee, you can work out whether the savings you will make by avoiding this commission will be viable compare to the time you spend and the money you spend marketing the home yourself.
The costs that will be incurred by yourself will be very unlikely to be as high as the commission fee that you will have to pay out to the agent, but you will be lacking their professional services. Simple costs involved will be marketing materials, perhaps setting up a website, and also your time spent in selling the house.
It is also important that you are aware that when you try to sell the house yourself you will have to answer calls and make appointments all on your own. As such, you need to be available at all times to talk to people and answer any questions and queries they may have.
You also need to work out how much your home is worth and how much you are going to value it at. You can do this yourself by looking into your local neighbourhood and finding out how much various other homes have gone for over the last two years. However, this might be somewhat speculative, and therefore it is probably best idea to at least hire a professional to value your home for you.
You will then need to market your house yourself. As such, you need to be prepared to print out various flyers and posters for your home and distribute them all over your local area. Try to focus on areas where you believe prospective buyers might be living, such as local apartment blocks.
Of course, as a side note to all of this you need to be comfortable handling viewings yourself. If not, you may be able to enlist the help of a family member or friend, and could consider the option of holding open house days.
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