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A handful of homeowners opt to sell their homes themselves as a way to avoid the commissions charged by an agent. These commission fees vary based on your location and the company your agent works for. Recently, some buyers and sellers have noticed the trend of lower commision fees as a means of bringing in more home sales. These fees should be considered, but keep in mind all the work and responsibilities you will take on if you don't hire an agent. It will be your job to place your home in the For Sale ads, answer phone calls from potential buyers, and show your home. Some homebuyers may even take advantage of the fact you have not hired an agent and expect a discount in the asking price. This could eliminate any possible money you had hoped to save by doing it yourself.

A Real Estate Agent is an expert in home selling and knows his or her business best. There are some real advantages to hiring a professional real estate agent.

  • Establish a fair asking sale price for your home
  • List your property in the Multiple Listing Services (MLS). This database is viewed by most professional agents and will help match your property will potential buyers.
  • Create, place and pay for advertising
  • Schedule viewings of your home with potential buyers -- even if you won't be home
  • Refer services like insurance, inspections and legal counseling
  • Negoitate with buyer
  • Make your home more attractive to potential buyers

If you decide to work with a real estate agent, be sure to pick one with plenty of experience in your market. Discuss the possibilites with several agents before selecting the one you'd like to work with. Get aquainted with the agent's sales approach by walking through your property with the agent. See how he or she will handle potential buyers. Don't be afriad to ask each prospective agent how they would best sell your property. Don't simply pick the broker who offers the highest selling price and be sure to set the broker fees in advance and set a limit for your contract -- typically three to six months.

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When to Buy
  • If you plan to stay in your home for at least two to four years
  • If you can afford the monthly payments, homeowner's insurance, property taxes and any association fees
    If your income and employment are steadily secure
  • If you're willing to be your own maintenance man -- fit the bill for repairs and maintenance
  • If you're able to compromise between what you can afford and size and location of the property
When to RENT
  • If you think you may be leaving the area within the next two years
  • If you enjoy the flexibilty of being up to move at any moment (frequent job relocation,
  • If you enjoy having Maintenence worry about the upkeep and repair expenses
    If your finances will not bear the monthly payments, homeowner's insurance, property taxes and any association fees
  • If you have other pressing high cost monthly expenses like private school tuition or frequent travel
 

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