Whether you should or whether you'd want to... will depend
largely on your answers to the following questions...
-
Do you have sufficient knowledge of current (and
ever-changing) market conditions to price your home properly, to put it on the
market at a price that will be attractive both to yourself and prospective
buyers?
-
Do you have the skills to advertise and market your
property effectively? Do you know how much advertising costs?
-
Do you have a network of contacts who can produce potential
buyers looking for bargains?
-
Are you a good negotiator? Will you be unnerved by
aggressive buyers looking for bargains?
-
Do you have time to show your home to prospects? They'll
want to look around when it's convenient to them, not necessarily to you.
-
Can you deal objectively with negative comments prospects
may make about your home? Not everyone will share your taste in decor or
appreciate your improvement.
-
Can you determine who among prospects are serious and has
the necessary assets to buy, as opposed to someone who is merely making
frivolous enquiries? You could be stuck with a buyer who can't get mortgage
financing when the deal is about to close.
-
And speaking of mortgages, are you able to help a prospect
arrange the necessary financing?
-
Are you conversant with the many laws and regulations that
may affect property ownership? You could find yourself in some difficulty with
a buyer to whom you've not disclosed certain facts because you did not know
about them.
