For Sale by Owner – Selling Your Home Privately

Thinking of selling your home without the help of a real estate agent? There are pros and cons to selling your home privately. Sometimes posting a ‘For Sale by Owner’ sign on the front lawn can attract a lot of attention and interest, sometimes not.

Pros: ‘For sale by owner’ selling gives you the chance to do it all on your own. This means that you set the price, you dictate the negotiations, and you control the open house.  If you have the time and ability to do this, you can reap the benefits – but it takes time. You need to be able to research current and past selling prices in your neighbourhood to best gauge what your home is worth (normally a real estate agent would do this for you). However, if you do sell on your own you save yourself all of the commission charged by a real estate agent.

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Selling your home privately may work for you or it may not, but if you have the time and ability to try it, it can’t hurt. Not getting any bites after a significant period of time? Rework your tactics or perhaps consider the advantages of a real estate agent.