Selling any real estate can be a difficult and disappointing task if you don’t have any experience. But if you have done thorough research and learned the ins and outs of real estate to a certain extent, then there is no reason why you should not sell your property yourself. In Fact, there are many benefits to both the seller and the buyer when you cut out the middle man or the real estate agent. Here are some of the benefits of Private Sale Real Estate for both the buyer and seller.
Benefits for Seller
No Commission Fee
The most enticing benefit is that you save money. When you hire a real estate agent to sell your property, you have to pay a commission fee of two to three percent of the market value or the sold value. You not only have to pay the commission fee for your agent, but you also have to pay the commission fee for the buyer’s agent as well. This adds up to a significant amount of money that you would be saving if you sold the property by yourself.
Your Decision is Final
If you were to hire a real estate agent, he/she may not consider your ideas or might make changes to it. They might try and convince you to lower your price or rework some of the areas of your home because, for them, it is just another sale, and they want to get it done as fast as possible. But when you are in charge, you decide how you want to go about selling your property; you are in full control. However, for this to work, you must be cognizant of the responsibilities of a real estate agent to carry out the necessary tasks.
No More Miscommunication
Some agents, not all, tend to twist your words when relaying messages to the buyer. It might not always be a bad thing but if you want full transparency, then privately selling your property is the proper way to achieve it. Since you are directly communicating with the buyer, you can tell them exactly what you want.
Benefits for Buyer
Private Sale Real Estate is also beneficial for the buyer as they can learn everything there is to know about the property from the owner. Additionally, buyers will also save money as private sellers don’t ask for extra money to pay the commission fees.
