Selling your House privately or otherwise known as FSBO (for sale by owner) is becoming an increasingly popular method of selling the House.

There are many potential benefits for a seller to sell without a Realtor, in particular the thousands of pounds that are likely to save.

This may be a surprise for you, but the sale of your home is much easier than you might think.

There are three common reasons why homeowners decide to take to sell their property in their own hands.

Saving money:

Real estate agents in the United Kingdom typically charge 2-3% of sale price. This figure-on average-can be anything between 3,000 to 6,000 pounds and can be considerably more expensive property.

Price:

A private house is likely to sell for about the same value as if you sold your property through a real estate agent; This is because it is the market that determines the value and not the buyer or the REALTOR. Selling your home is even more effective vendor market where many people search for homes and find a suitable buyer is much easier.

Although it may sell at around about the same price with a real estate agent like you would privately, there are much lower costs when selling independently which means more money in your pocket to completion and very often a sale faster and more efficiently.

Personal difficulties:

Others may have even more compelling to sell privately, e.g. If they are in financial difficulties and the need to sell fast or have little/negative equity in their home.

Private sale may result in a sale often quicker and more efficient. If the speed and time is of essence for your sale, sale privately may be more advantageous.

Although there are many obvious benefits to sell your privately owned and independent, most people still choose to sell their homes through a REALTOR. Why is that? The number one reason for homeowners to continue to sell their properties through a REALTOR is the lack of confidence or self belief in themselves and their ability to successfully sell their goods.

This is a very common misconception, for selling your property is very easy to do and it is not difficult.

A private sale can save you money, but it can be assumed as soon as arriving to you-you will have to work for it, just as it does to everything else in life.

Plan before your private home sales strategy. Decide what you can do yourself and which areas you will need assistance and professional advice. You should always have a contingency plan in place in case your home doesn't sell within a reasonable time.

It is true that a private sale is not for everyone. If you decide to sell independently you will become your real estate agent. This means that you will learn the basics of real estate and home buyers to market yourself. If you can't make an effort of commitment to selling your House then you may be better finding a good real estate agent and sell your home to the old way.




Ryan Surgett is a property expert consultant and an employee of the Group property solutions that help Colchester homeowners to sell House Fast In Colchester , when they are faced with difficulty, be it personal or financial circumstances. Ryan is now sharing his knowledge and experience and to help others who may have problems associated with their houses or property.