Selling Your Home Yourself: Pros & Cons

Buying & Selling A Home

Selling your own home yourself is a long and tedious process, here we list the pros and the cons:

Selling your home yourself: Pros

There is no commission to be paid.

The proceeds are all yours.

You are in total control of the process. You can sell it at your own leisure.

You have full control of showing your home and can pick and choose who you want to show.

If your equity is low, you may be able to sell your house without having to write a check.

Selling your home yourself: Cons

You must rely solely on your own instincts.

All marketing and advertising costs are your own.

You have to advertise yourself and find prospective buyers.

Without the knowledge, you may underprice or overprice the house.

If you are not skilled in negotiating you might not get the full value of your property's price.

All of the paperwork, legal forms, etc. are your responsibility.

This will take up a lot of your free time.

You must become knowledgeable in legal and financial issues to be most effective (and to protect yourself).

Filed under: Home Buyer & Home Seller Guide

Selling Your Home Yourself: Pros & Cons

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