Sell Your Own Home or Hire a Realtor? Pros and Con

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The differences between selling your home on your own versus hiring a realtor can be huge; thus, making the decision between the two somewhat difficult. Here are some of the advantages to each:

Sell it yourself

• You avoid realtor's fees.
• You are able to negotiate completely on your behalf and do not have to feel any sort of concern that a representative of your interests may be falling short.
• No one knows what life is like in your home better than you! You may be more convincing to a buyer than any outside realtor could be.
• Buyers may be more inclined to meet with you than a realtor because that will negate the middle man and may lead to a more accurate depiction of each side's needs.

Hire a Realtor

• Realtors do this for a living. They have a great deal of experience selling homes (probably more than you do).
• You open yourself up to a greater volume of exposure to prospective buyers, since realtors find homes for buyers for a living. This exposure increases your chances of finding a buyer that matches your needs and subsequently speeds up the selling process.
• A realtor is required to be familiar with up-to-date market values and will work with you to set a competitive asking price.
• Window shoppers will be deterred from wasting your time; the realtor will be predominantly dealing with serious prospective buyers.
• Realtors are skilled in reading contracts and will be sensitive to any fine print that you may have dismissed as unimportant.