Selling your home can be a long and complicated process in and of itself. However, when you elect to sell your home by owner, you’re in for an even longer and bumpy ride. Selling your home by owner comes with many advantages and disadvantages, and today we’re doing a deep dive on that list of pros and cons.
Continues reading to learn about the advantages and disadvantages of selling your home by owner.
The Advantages of Selling Your Home by Owner
There are many benefits when you sell your home yourself, such as:
- No agent fees or commissions to pay
- You select a timeline that works for you
- You set the price
- Showings are done when they work for you
- You choose which repairs and renovations you want to do
These reasons make for excellent arguments as to why you would want to sell your home yourself. Selling a home is expensive — between hiring and paying an agent, making repairs and renovations, and the cost of listing, it really begins to add up. Selling your home yourself will help you save thousands and thousands of dollars. Additionally, you’ll get to work around your schedule, not your agent’s showing schedule. This means no random open-house or showing times, and you won’t have to keep your house spotless!
The Disadvantages of Selling Your Home by Owner
On the other hand, several disadvantages come selling your house by owner, such as:
- Access to fewer listing sites and marketing resources
- Fewer potential buyers
- It could be for sale for a long time
- Lacking experience in real estate
- Unqualified buyers may waste your time
- Low or unreasonable offers
Depending on your situation, selling your home yourself may not be a bad idea. If you aren’t in a rush to sell your house or are not intimidated to do things yourself (even though you may lack experience), selling your home by owner may be the adventure you’re looking for. However, if any of the items in our “cons” list scare you away, you may want to consider other options.
Because you are lacking experience, and do not have access to the resources and sites that an agent does, it can take months, in some cases, even years to sell your home yourself. Selling a home by owner might sound like a good plan (who wouldn’t want to save thousands of dollars by avoiding agents fees?!), but it may not be a realistic option. Thankfully, there are alternative ways to sell your house that don’t require selling your home yourself or hiring an agent.
Contact Utah Sell Now
Are you in a rush to sell your house but don’t want to deal with hiring and paying for a real estate agent? If this sounds familiar, contact Utah Sell Now. We want to buy your Salt Lake City home for cash, regardless of its current condition. Don’t worry about completing any repairs or renovations or even cleaning your home. We want your house, as-is! When you sell to Utah Sell Now, you avoid the headaches and hassles of traditional listings and won’t pay any agent fees or commissions. Contact Utah Sell Now today to receive your cash offer!