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TIME AND COST
Some home sellers are tempted to try their hand at selling their homes
themselves in order to save on the Real Estate commission. While some are
certainly successful, carefully examine your capabilities and skills as a
potential real estate agent before jumping in. Then recognize that any savings
in dollars may quickly be lost in time and energy.
As your own agent, you'll have to:
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determine the market price of your home
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design the marketing plan
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prepare, schedule and run your ads
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screen inquiries
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pre-qualify potential buyers by asking the right questions
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book appointments
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be available to show your home at any time
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be familiar with the legalities of an offer
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negotiate the offer and counter-offers
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collect and coordinate all legal documentations
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In terms of costs, you'll pay your own advertising expenses
and will likely consider engaging a Notary or Real Estate Lawyer to advise you
and handle the legalities of the transaction. You should also factor in the
time you'll spend personally and the length of time your home remains on the
market.
While many people consider For Sale By Owner, only 1% of Canadian home sellers
actually attempt to sell their homes themselves. Of those who do, some 93%
later hire Real Estate agent.
CALL ME. I CAN HELP!
KEN X. WESTFALL @ 751-1223
email: homes@kenxwestfall.com
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