Selling your home can be a true nightmare. If you've ever done it, you know to expect delays, lots of nitpicking, last minute counter offers, and a myriad of unexpected expenses, which you must incur before any buyer will be willing to even make serious offer. To top it all off, You then get to pay the biggest expense of all; six percent of the sale price of your home. The real estate broker's fee can be so big, you think of just ditching the agent and doing it all yourself. Believe it or not, this is a viable option, but there are a few pros and cons to be aware of.Pros:
1. Saving money - Among the most attractive benefits of the FSBO life is the savings. No sellers agent to pay means thousands of dollars back in your pocket.
2. Flexible time commitment - You don't have to be constantly in touch with an agent about when someone will come by to see the house. You schedule the showings yourself.
3. Low pressure - The incentives of the seller and agent are well matched, but not perfectly matched. Selling your own house means no one to pressure you about the price to sell it faster.Crons:
1. The buyer's agent - While you may not have your own agent, your buyer is a lot more likely to. You should still budget the two percent buyer's agent commission.
2. Little has changed - Even though you don't have an agent, there are still plenty of inspections and disclosures, and legal procedures to go through, only without any help, you'll be on your own to figure it out.
Selling your home without the help of an agent can be a challenge, but if you're prepared, it can have substantial rewards.