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Sunday, November 20, 2005

Homes For Sale By Owner In Charlotte North Carolina

When looking to sell a home in Charlotte, many people look to a real estate
agent for assistance in showing and selling the home. While a realtor,
especially one who is local to Charlotte, can offer a great deal of help, there
are a few advantages to selling your home yourself. You should weigh the pros
and cons of each option carefully before making your decision.


Save Money First of all, perhaps the most noticeable benefit of
selling your home without the aid of a real estate agent is the fact that you do
not have to pay a commission to anyone. A realtor’s commission usually adds up
to about 7% of the total selling price. The more your home is worth, the more
you end up paying the realtor for his or her services. Homes for sale by owner
save some sellers a great deal of money and allow them to invest the extra 7% in
a new home. On the other hand, you may be able to sell your home sooner and for
a higher price with the aid of a good realtor, and end up saving more money than
the commission cost you.


Save Time There is one situation in which homes for sale by owner may
sell faster than those that are sold with the assistance of a realtor; if you
inflate the price of your home in order to compensate for the realtor’s
commission you’ll eventually have to pay, the home will not sell as quickly.
The increased price can lead to less interest and fewer offers, and therefore an
increased time on the market, and even the need to reduce the price lower than
fair market value. If you can list your house at its actual price, you are
likely to get more offers and therefore you will be able to sell your house to a
suitable buyer faster. If you obtain the services of a qualified realtor,
though, he or she may be able to provide you with invaluable aid in determining
a good asking price right from the start.


Less Stress For those who like to feel in control of every aspect of
their lives and their finances, selling homes for sale by owner may cause a
decrease in stress level. Sellers who list their homes as “for sale by
owner” are able to advertise their home in Charlotte’s markets they wish for
as long as they wish, and are able to highlight what they believe to be their
homes’ best characteristics. They are also able to point out things in the
home that might need work and how best to fix it, giving the potential buyers a
feeling of security and increasing chances that a sale will be made. In this
situation, there is also no requirement to leave the house each time a realtor
wants to show it and there is no chance of an unexpected visit from the realtor
and potential buyers at any given time of the day. On the other hand, for people
who don’t feel the need to control every aspect of the transaction, the aid
and services a realtor provides may save them both time and stress.


Many potential buyers in Charlotte also look for homes for sale by owner for
the same types of reasons, including direct contact with the seller, and
avoiding price inflation. You should be aware, however, that oftentimes these
buyers expect to get a bargain from working with an inexperienced seller rather
than a realtor, and they will not buy at fair market value. Although selling
your home in Charlotte yourself may save you some money, the “for sale by
owner” route is only for the most experienced of sellers. Chances are that
most other people will be better off obtaining the aid of a qualified real
estate professional.


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