Selling a home without the services of a professional real estate agent can be a complex process that requires a lot of time and commitment.
It can also leave homeowners with a few more gray hairs.
First, home sales require complex legal documentation. There are many templates to use, but they skim only the surface of the legalities.
Often the best way for an owner to deal with this issue is to have a lawyer draw up the paperwork after the rough details have been worked out with a potential buyer.
Second, finding a qualified buyer can be difficult. Agents typically ensures that potential buyers are qualified to buy the property before they cross your doorstep.
Mortgage pre-approvals and extensive consultation typically ensures that the buyer is serious before a showing takes place.
Homeowners have limited access to a potential buyer’s financial qualifications before the sale.
Third, you must assess whether you have the ability to market your home and court potential buyers.
Real estate agents insulate the seller from direct contact with a potential buyer, reducing the emotion involved in the sale.
Using a real estate agent can seem more costly than selling a home on your own, but sellers need to measure whether they are prepared to invest their time and energy into the sale of their home.