Top 10 Disadvantages of do-it-yourself Home Selling

1. RIGHT SELLING PRICE DIFFICULT TO ARRIVE AT
Besides not being in direct touch with current market trends, owners tend to see their home through prejudiced eyes, preventing an honest evaluation of their property.

2. PROCEDURE BASED ON TRAIL AND ERROR RATHER THAN EXPERIENCE
Extra work, confusion, costly mistakes are common results of not knowing how and in what order to handle all arrangements and details.

3. MEANS OF ADVERTISING ARE LIMITED AND EXPENSIVE
“For Sale By Owner” ads rarely get preferred placement in the newspaper and cost owners more because they do not get a discount for frequent placements. There are also no multiple listing or referral services for individuals; they must rely heavily on lawn signs to attract buyers. Then don't forget the most important marketing tool - the internet. Agents have access to more sites and online promotion than the average home owner.

4. NO SCREENING OF POTENTIAL BUYERS
“For Sale By Owner” ads and signs are open invitations to anyone to ask to see your house. Owners have no way to screen prospective buyers and are subject to drop-in-off-the-street lookers and a telephone ringing off the hook at all hours.

5. COMPLEXITIES OF FINANCING REQUIRE A PROFESSIONAL
Due to the complexities of financing, changing interest rates, points, terms, type of mortgages (FHA, VA, ARM, etc.) only a professional Realtor can achieve the highest return for you.

6. NEGOTIATIONS ON PRICE ARE ALWAYS TRICKY TO HANDLE
Without a skilled negotiator to help, buyer and seller frequently dicker unnecessarily, neither one knowing when to stand pat or when to conceded. Both are afraid of being cheated.

7. PAPERWORK IS A HEADACHE AND COSTLY TO DO YOURSELF
Mortgage arrangements, title search, legal advice, and a myriad of closing details are overwhelming and time-consuming for the average person. Taking days off work to handle everything may end up costing more than money supposedly saved by not hiring a Realtor in the first place.

8. BUYERS ARE WARY OF DEALING DIRECTLY WITH HOMEOWNERS
It is easier to speak frankly with a Realtor than to risk insulting the owner. Buyers need to feel that they are getting a fair deal on a very large investment and are hesitant to do business with a non-professional.

9. THE LONGER A HOME IS ON THE MARKET THE HARDER IT IS TO SELL
People wonder what is wrong with a house that doesn’t sell in a reasonable length of time and back away from even bothering to take a closer look. Time spent trying to sell your home by yourself can make it harder to sell for the Realtor you turn to in the end.

10. YOUR HOME IS WORTH TOO MUCH MONEY TO RISK
It makes sense to weigh your decision very carefully about how to sell it.

Best advice is…forget about selling your home yourself! If you are sick, you go to a doctor; if you need legal advice, you consult a lawyer. Does it not it seem logical to turn to a professional Realtor to help you sell your home? Do not be an UNREPRESENTED SELLER – contact me today - I won't just sell your home I will make sure it closes.

http://www.BuyAndSellNorthIdaho.com