If you are considering selling your home now or in the near future, you should seriously consider privately selling your home. Individuals who sell their homes on their own generally produce a larger profit than individuals who use a third-party service such as a real estate agent. When you use a real estate agent you will be spending a good portion of the sale of your home paying off the real estate agent. However, you can cut out the “middle man” and can produce a larger return profit on the sale of your home if you do it yourself.
There are a few options to selling your home on your own. The first option is the direct sell of your home to personal buyers. However, there are many things that you should consider and keep in mind when it comes to taking on this task. When you sell property on your own you must have some knowledge of properties and must additionally have some experience in real estate. Additionally, you will need to know the legalities involved with selling your own home.
So you’re still asking ‘sell my house today’? This type of information can be obtained by attending a home sell seminar or by doing simple research online. There are numerous online resources at your disposal that can teach you the legalities behind selling your own home. However, in order to use these resources you will have to put up money up front in order to procure the information. Additionally, you will have to pay fees for contracts and for other legal filings in order to legally sell your home.
When selling your home privately on your own you will also have to know how to properly market your home. You will also have to have some basic knowledge when it comes to marketing. Additionally, you will have to spend some money in order to get the sale of your home recognized. This will include advertising in newspapers, other types of print, and also in other creative manners. You will also have to have major “people skills” in order to work with individuals in the sale of your home.
Additionally, you should have some experience when it comes to dealing with home loans. Chances are that you will have to assist potential buyers with obtaining home loans in order to purchase your home. If you don’t have experience in loans you should consider attending a class or doing major research on the loan process.
Finally, when using this form of selling your home on your own you should expect the process to be slow. If you are inexperienced and have never sold a home or have no experience selling property, it may take many months or even years before you sell your home and receive a profit.
Still, there is another option available that is less time consuming and more affordable than attempting to sell your home to potential buyers directly. This is by using a company or service that purchases homes up front, and then turn around and sell them on their own. These types of companies work in the opposite way that real estate agencies work. They simply purchase your home directly from you, and then attempt to sell it. This is one of the most popular and affordable ways in which you can sell your home privately.
Dale Purdon, director and founder of IMAGINE Properties, Easy Home Sales any many more. Prior to setting up IMAGINE, Dale set out to build his own property portfolio in South Africa where he focused on acquiring high yielding rental properties in the lower end market and gained extensive experience in stock-sourcing as well as portfolio management.