Selling your home can be an expensive process in terms of time, money and energy spent. You'd ideally want to save as much as possible when putting your home up for sale. Well, here are a few tips you could use to save some money when you go about selling your home:
Real estate commissions charged vary with each agency. Therefore, bargaining with an agency before settling on a commission rate may help in reduce your outgoing. A 1% commission would be ideal and some brokers are known to settle for commission percentages in that range. Try to limit the time of agreement with one agent to no more than 6 weeks. This gives the agent sufficient time to sell your house and if it doesn't prove to be enough, then you should be in a position to change agents. You don't want to be stuck with an agent not able to sell your home.
Going with multiple-agents is not advisable as the fees will increase to about 3%+ as their is no exclusivity out here. However, this could also have a favorable impact in that you could sell your home quicker.
Never tell an agent what other agencies have valued your home to be. They may try to manipulate the offers. Make proper enquiries from various real estate agencies; speak to the right people in charge. Enquire about their charges. Bargaining always helps as the fees are negotiable.
Selling your home privately (on your own - the fsbo way) can save you a lot of money. However this requires a lot of time and effort but is a huge money saving tip. Selling your home on your own is highly possible these days especially with an online advertisement. Sites like ChoiceOfHomes.com have known to produce great results for homeowners selling their home on their own. Advertising could also be done through newspapers, flyers and pamphlets. In newspapers, it is best to keep the ad brief as charges are per line or the number of words. You must also ensure that the ad must not be uninteresting so as to just glance through. It should capture the readers attention. Another tip when placing a newspaper ad is that you could refer to an online listing for more information - that way a lot of people get to view your home and it's details online and are in a better position to decide whether they should call you or not.
It is best to sell your home when the market is booming and when the demand is high. The chances of higher profits is greater during this period. Also, generally, the real estate market is stronger in early and late summer than the rest of the year - so it's more advisable to sell your house then. Think wisely and you'll come up with a few more ways of how to make more money from your home sale!
Sameer S Panjwani - ChoiceOfHomes.com - Sell your House Online the FSBO way and save on precious real estate commissions.