The Advantages & Disadvantages of Selling Your Own House In Just 5 Minutes

Recently, there has been a trend to selling your own house instead of handing the sales process over to an experienced real estate agent. You’ve probably also heard about the great benefits with such a decision. At the same time, you’re also aware of the cons of selling your own house. In order to provide a concise, 5 minute guide to all these advantages and disadvantages I’ve decided to write this article.

Firstly, the advantages of selling your own house:

1. No commission needs to be paid. Since you have no real estate agent managing the sale you don’t need to pay anyone and you keep that money which could end up being thousands of dollars.

2. You are your own boss. You make the decisions regarding marketing, signage etc. This way, you are responsible for everything which means you are not dependent on anyone. Total independence.

3. You are always available for showings as well as responding to enquiries unlike a real estate agent which has fixed hours.

Now, the disadvantages of selling your own house:

1. You assume all the marketing and advertising costs which can turn out to be expensive. In addition, you may not have the experience or the skill in this area like a real estate agent.

2. Without professional advice from an agent, you may underprice or overprice your home which could mean you either missing out on thousands of dollars or not being able to successfully sell your home.

3. You may not be aware how the legal and financial issues work in the sale of a home. Once again, you may need professional advice for this part.

My only hope is that the information presented above greatly assists you in making a decision as to whether selling your own house is beneficial for you.