When trying to sell or rent their houses, many homeowners are concerned that their real estate agents do not have their best interests at heart, despite their expertise and efforts. According to the latest economic studies, many real estate agents will be simply less motivated to ensure the best prices for your home than securing its buyer as soon as possible. Given that the commission that real estate agents receive for sales rise only by small increments, it is no wonder why, so few of the brokers are fully dedicated and motivated to provide their full range of services to the sellers.
That is why many home sellers and renters have started using a different approach, known as sale or rent by owner. In this article, we will cover this approach in greater detail and highlight some of its most notable advantages.
A wide range of devices
Not too long ago, if you wanted to sell or rent your property, you had to place a For Sale or For Rent sign on your lawn, tell your friends or family members to spread the word, host an Open House, or take out ads. You also had to deal with marketing tools, which were specifically used by brokers to share their listings with each other.
Nowadays, the entire process is much simpler and easier. There are a plethora of websites and platforms online, such as the For Sale Or Rent by Owner, with which you can instantly reach hundreds or thousands of potential buyers or renters, and for a very small fee.
There is no middle man
When selling or renting their properties, many people think it is necessary to have a third party involved, a middle-man, who will ensure the entire process goes smoothly. However, in recent years, many have realized that they can conduct the entire process on their own, without having to rely on agents and brokers and without having to pay for their commissions.
You make all the decisions
If you decide to handle the entire process on your own, you will make all the important decisions, not an agent or a broker. Also, you will take all the profits made from the sale as well. Additionally, you will be able to schedule the negotiations and home viewings as you see fit. You will meet and speak with the potential buyers and renters in person. That way, you will have a much easier time determining whether they are serious and qualified candidates. You will be fully involved and in control of the negotiation process. There will be no broker to make all kinds of deals while keeping you out of the loop, thus leaving you wondering about the final outcome.
No one knows your property better than you
Instead of having some broker parade around your house while trying to present its best features, you will be in a position to genuinely show the best features of your home to any prospective buyers. Keep in mind that no agent or broker will know the ins and outs of your property better than you. You have been living in your home for years, even decades, while an agent has seen it maybe two or three times. As a result, you will surely know how to highlight the good features and hide the bad ones.