When it comes to selling a home, 89 percent of sellers engage a professional realtor to handle the process. However, some may be reluctant to pay the associated commission that goes to a real estate agent. Yahoo Finance provides the pros and cons of selling your home without a realtor.
Of course, you want to get every dollar you can out of your home, but it’s a time-consuming task. It’s estimated that 7 percent of home sales are handled without a real estate agent. The savings can be significant. But sellers must consider the downside of FSBO – for sale by owner.
You must do your homework to set a realistic price. You have to prep the home for showings to make it look its best. Photography inside and out should be done to help with marketing. You are the contact point to arrange showings, which can take up a lot of time. If you get through the process and find a buyer, then you’ll likely need an attorney to help with the legal papers needed to close the sale.
Money Shouldn’t Be a Worry in Retirement
Additional retirement income provides a financial cushion for seniors. Here at Council of Seniors, we’re working tirelessly to get Congress to pass The SAVE Benefits Act. You need this legislation because the annual Social Security cost-of-living adjustment (COLA) has shortchanged seniors by the amount of $581. The passage of this bill would ensure the money is returned.
Please sign our petition right away. Your support can make a big difference in returning this money to seniors. We’ll be deeply grateful.
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