Many home owners try to sell their home on their own so as to save the commision because their home values have declined and they feel they have no choice but to try and sell on their own.
Yes it is possible to sell your home without hiring a real estate agent. If you can find a buyer willing to pay the price you want for your home you can sell it. You might already have a friend who has offered to buy your home or may know someone at work who knows somebody looking for a house.
Please find out about local laws and regulations and stae laws when you sell your home. Talk to an attorney to help with the contract.
If you have decided to sell your home on your own the most important things to know is the market value of your home. If you base it on the selling price of a house down the street that was a foreclosure , your home may be worth more that that. If you base it on what you heard from the neighbors was the purchase price of their home or sale price of another home in the neighborhood , it might not be true . Unless you have the description of that house, your house may or may not have upgrades and additions similar to ones in that house.
If you find a buyer willing to pay what you are asking, and the price is more that market value, you may find out a few weeks later when the buyer's lender's appraiser comes to appraise the house that it does not appraise for the agreed upon price . The buyers will not be able to get the mortgage for the amount they want and you may have to renegotiate and depending on the mortgage contingency you may lose the buyers.
If you want to sell your home on your own get an appraisal done so you can tell potential buyers that it appraised for the amount .
It is important to know the market value when you sell your home on your own.
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