For Sale by Owner: The Good, The Bad And The Bottom Line

For Sale by Owner: The Good, The Bad And The Bottom Line

Selling your home can either be a liberating and rewarding experience, or it could be a complete nightmare. For Sale by Owner is a popular choice for home sellers who want to get a higher price for their home without paying 5% – 6% commission to a real estate agent. 

The Good 

Selling your home For Sale by Owner generally means that you have complete control over the sale, marketing, and pricing of your home. You have the freedom to decide how and when potential buyers view your house, and refuse low offers. 

Who knows your home better than you do? You have the knowledge you need to answer any questions they might have about the house, the neighborhood, and anything else they might need to know. This means you’re in the best position to highlight your home’s strengths and selling points. 

There are millions of resources online that will help you learn more about how to sell your home as “For Sale by Owner.” This means that even though you might not be a qualified real estate agent, you can still empower yourself with the insight and skill you need to sell your home – without paying a commission fee. 

The Bad 

The problem with selling your home For Sale by Owner is time. You’ll be spending hours researching the market value of your home, checking the validity of potential buyers, and keeping the place clean for any potential home tours.

Safety is a key issue when it comes to selling your home yourself when you’re inviting complete strangers into your property. You’ll need to navigate an endless stream of legal documents before you can sell your home, and it can quickly become a confusing and frustrating ordeal without the help of a real estate expert.

The time and money you spend to market, prepare, and show your home might actually be more than the commission you would’ve paid for a quick, hassle-free sale. 

The Bottom Line 

If you have the time, skill, and dedication, selling your home yourself is a viable and rewarding option. If you need to close quickly and you’re willing to sacrifice a 5% commission-fee for convenience and insight, choose a real estate agent.

If you’re not sure of which one you need, reach out to us at Team Infinity Real Estate Group today!