Should you sell your home with or without an agent?

Real Estate Broker/Owner with Focus Professionals, Inc. Rhode Island Real Estate

Selling your home? With the potential rewards that can be gained -- saving $ 4000, $ 8,000, $ 12,000 or more (minus your expenses) by not having to pay a Brokerage commission, many people wonder why less than 20% of home sellers undertake the task of selling their houses on their own. Possibly it has something to do with expertise. Many home owners who consider a self sale of their house back off when they see the level of knowledge and commitment that is needed to do an effective job.

For Sale By Owner Homes?

If you decide not to contract Realtor services, we can still help you with your For Sale By Owner home. As CT, FL, MA and RI mortgage brokers, we have relations with many people looking to buy homes. It is in our interest to find them houses that meet their needs. Because we will earn our fees from the lending institutions, the home owner and the home buyer can benefit from our connection. Also, because we are also Realtors, we often have relations with home buyers as their Buyer's Agent. We can also help you set up open houses and showings, and post your home on the internet. Our goal here would be to gain access to the home buyers attending the showings to recruit mortgage clients. Selling real estate "for sale by owner" can be complex. We can help. Contact us today!

If you decide that selling your home your self is the best option, you will find the information on this Web Site to be of value. Most of what you will find here will be geared to monitoring the job that your Agent is doing, but it will never the less prove of immense value. The most successful home sellers are those who take an active role in the process, whether it is as a sale by owner or a sale by an Agent. If you elect to sell your home yourself, then information is crucial. Call us for a free consultation on how we can help you sell your own home! An excellent source of additional information is Steve Berges' newly revised For Sale By Owner. Steve details how to get the most out of your sales effort. This is a useful book for those using Realtors as well as for those selling on their own.

For Sale By Owner Homes, Real Estate For Sale By Owner, Selling Your Home, FSBO, Selling Without an Agent
Photo Copyright © 2005 Paul Silver Photography

Real Estate For Sale by Owner

Advantages Of Selling A House On Your Own

  • There is no Real Estate Brokerage Commission paid. You receive all of the Cash from the sale less your marketing costs. This is the biggest benefit of selling your own house.
  • You are in total control of the transaction, whether for good or ill.
  • If mistakes are made, they are your own. No one else will make mistakes for you.
  • You are always available at the home for showings, answering inquiries, etc.

Disadvantages Of Selling Your Home On Your Own

  • You must rely on your own knowledge and intuition.
  • All marketing and advertising costs are paid by you. This can be expensive. We offer listing and marketing services for sellers working on their own. For more information, contact us.
  • Unless you pay to have your home listing included you will not have access to the MLS, the Multiple Listing Service, in your area. You must find buyers your self.
  • Without all the tools, you may under price or overprice the house. Knowing how much your home is worth is the first step in marketing the property.
  • If you are not skilled in negotiation, you may not get what you could have for the sale price.
  • The paperwork, legal forms, etc. are your responsibility and must be handled by you.
  • Your free time will be somewhat or severely limited during the time you have the house on the market.
  • Buyers often believe that if you not paying a commission, they, the buyers, should get the savings.
  • In negotiations you must relinquish emotional ties with your house. If you don't you be at a disadvantage.
  • You must be knowledgeable of legal and financial issues to be effective.

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Paul Silver

Rhode Island full service real estate firm
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