The folks over at The KCM Blog are a great source of timely and topical real estate information. Today, they’re reposting an old article, but one that’s just as relevant today as it was a year ago. It addresses some of the challenges that a former ForSaleByOwner.com CEO had when trying to sell his own home without a real estate professional. In addition to the challenges mentioned in the article, I’d like to add a few more issues to consider before trying to sell your home on your own:
1. Do You Know What Your Home is Worth?
It’s a tough question. Tax records won’t give you an accurate answer. Nor will Zillow. Short of paying for an appraisal out of the gate, a real estate professional with access to your local MLS will have the most up-to-date data on home sales in your area. Ask for a CMA, or Comparable Market Analysis…
2. What’s the Value of Your Time?
Are you able to take time out of your day, maybe even come home from work, to show your property to prospective buyers? When you work with a licensed real estate professional, he or she can coordinate all showings for you, so you don’t have to take time out of your schedule.
3. Do You Know Exactly What You’re Signing?
There are a lot of documents required when selling or buying a home. Are you familiar with them all? Do you know what sorts of disclosures you’re legally required to provide? Are you comfortable reading a HUD-1 or settlement statement? Let an experienced real estate professional walk you through the process.
4. Do You Want a Smoother, Less Stressful Sales Process?
Then call a real estate professional. They’ll worry about all the details, so you don’t have to…