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7 Things To Consider Before Selling Your House - Properties - Nairaland

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7 Things To Consider Before Selling Your House by conektng(m): 3:58am On Feb 17, 2015
When it comes time to sell your home, the thought of planting a "For Sale by Owner" sign on the front of the house and doing the job yourself certainly has its appeal.

Foremost among them is the savings you'll pocket - potentially tens of thousands or more - if you cut out the real estate broker. Another fast way to get this done in style and comform would be listing you home as for sale in one of the online listing companies....like http://connections.com.ng. They specialize in the listing and the connection business. They bring the both parties together. They are the common ground between buyer and seller and the good news is, everything they offer is FREE...

However, there's a lot more to the job than just sticking a sign out on the lawn and, for some, the headache and work involved may not be worth the savings. Find out how to determine whether you'll be able to successfully sell your own home and what to expect if you choose this route....

Exposure:
Your first consideration should be whether you can get the word out. Sure, you can put a sign on the lawn and make a number of relevant internet postings, but be aware that you'll be missing out on the following:

An established real estate brokerage will have a network that reaches far beyond the city or town where you're located
Most brokerages will pay for print advertisements in local, and some national media outlets. They may also target and distribute circulars throughout your city

Market Information:
The real estate market is a dynamic phenomenon, always in flux, with prices moving constantly, sometimes quickly, sometimes less so. If you can't correctly gauge the market's direction and speed, you may also fail to assess your home's correct value. This effectively renders you "out of market" and results in selling unnecessarily cheaply or - until you correctly assess your home's worth - overpricing it and waiting.

Now other factors are things like:

Negotiating Ability
Legal Issues
Value Added Services
The Eccentricity Factor
Your Time

To get a full download of all the information, you'll have to visit http://www.investopedia.com/articles/mortgages-real-estate/08/for-sale-by-owner-considerations.asp for more information

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