DIY Real Estate: The Pros and Cons of Selling a House Without a Realtor
According to industry statistics, there were 5.34 million built homes sold in America in 2019.
Clearly, we have a pretty active property market. However, how easy do you think it would be to sell your home without the assistance of a realtor?
Selling a house without a realtor is possible, but it has its advantages and disadvantages. You need to consider these carefully before you decide to go it alone.
Read on to learn more about the pros and cons of DIY real estate.
Speed
If you’re in a rush to get your house off the market and into the hands of a buyer, a realtor might be a necessity for you. Since it’s their job to get homes sold, they’ll be able to make the right moves to get leads interested within days. They’ll be able to tell you exactly how to set up and market your home to generate the most interest, and they’ll know the right price to ask for.
Statistics show that, when property sellers use a realtor, they only have to wait an average of 11 days to find a suitable buyer.
Cost
The main advantage of DIY real estate is the fact that you won’t have to pay the costs associated with a realtor. If you already know that your property is sought after and that you won’t need help finding leads, you could easily save yourself that money.
A lot of this depends on the quality of the property you’re offering, as well as the strength of the market in your area.
However, even if you don’t have a huge amount of interest in your house, there are ways to circumvent the costs associated with real estate agencies and still make a quick sale. If you’re wondering “how can I sell my house fast?” and you live in Colorado Springs, Zac Wilson might be able to help you.
Professionalism
This is another reason why hiring a realtor is sometimes a good idea. When you have a professional on your side, you have someone who understands the various risks and potential pitfalls associated with selling property.
There are a lot of bad actors out there. There are also plenty of ways in which a deal can go sour even when there’s good faith participation on all sides. Hiring a realtor goes a long way toward mitigating this risk.
Selling a House Without a Realtor
Selling a house without a realtor is far from impossible. In fact, if you’ve got a good property that will attract interest at your asking price, there may be little need for one.
However, the industry does not exist for no reason. Realtors can make the process of selling a piece of property much easier, so if you’re in doubt, you might be best off simply hiring one.
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