When time comes to selling your gabriola real estate property, you may be temped to sell it yourself. This mammoth proposition can be a “wild ride” in this topsy-turvy market. The entire market place will be scrutinizing both you and your home. The primary reason for taking on this task would be saving on the Real Estate Commission. The saving could be an expensive illusion. Remember, a buyer can stop the ride and get off anytime they want to – you can’t.
The buyers in this market are price sensitive, negotiate toughly for the best buy and they have the time to be selective after comparing what is available. The primary reason buyers are attracted to a “For Sale By Owner” is the prospect of getting a better buy than the properties listed by Real Estate Agencies.
It is not uncommon or difficult for a buyer to determine what fair market value is and then ask to have an additional discount equal to the real estate commission – yes that’s right, the same commission a seller thinks he/she is saving. Hence the problem - two sides trying to save the same commission amount.
Not knowing the pre-sale procedures, pre-qualifications and strategies to completing a sale could and probably would result in mistakes that could be costly to either seller or buyer. An unprofessionally written “Contract Of Purchase And Sale” may have clauses and other terms that could be legally risky, unenforceable or even unfair. The legal pitfalls are numerous.
Selling or Buying your home or property alone can be a time consuming, frustrating exercise in futility that could end up costing dollars you hoped to save. Your situation needs a professional to thoroughly examine your situation, needs and lifestyle on an individual basis.
As you see, there are distinct advantages to utilizing, most importantly, the protection and the skilled services of a professionally trained and experienced Realtor.
These remarks are not intended to dissuade you from attempting to sell or buy on your own, but, to provide an education and place the process in a realistic perspective.