How To Sell Your Home Without A Realtor
With prices falling so far so fast in the residential real estate market, homeowners these days are looking to eke out as much profit as they can from the sale of their home.
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Yet, with the record inventory of available properties, they can’t just raise their price.
According to NAR's Walter Molony, the majority of homeowners still rely on agents because their home is often their largest asset and they want an experienced professional on hand to protect their interests.
Indeed, some homeowners still require the help of realtors to sell their home. Among them: those who can’t be physically on site to show their property and those not comfortable selling or promoting their houses.
Once you’ve arrived at a fair market price, you can either list for that amount or, considering the growing inventory of available homes, discount your price just enough to position your property as a bargain.
Calculators and Advice from Bankrate.com:
Risks And Disadvantages
ByOwner.com, meanwhile, charges from $300 to $400 for its listings, which will remain on the site until sold.
With banks continuing to tighten their lending restrictions, it’s more important than ever to get your buyers prequalified or preapproved.
Finally, because they are exposed to a wider audience of potential buyers, some would argue agents may be able to obtain a higher sales price for your home, which can offset some or all of their commission.
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