In any kind of competitive real estate market, especially now in NL there will be people that will choose to try and sell their home privately. This process can work out successfully and lead to potential savings in commission, however real estate transactions can be very complicated hence the majority of home sales are done through professional Realtors.
Advantages of selling ones home privately are very apparent to most. Thousands of dollars in savings can be very tempting. This being said the advantages of having an experienced professional working for you are significant but sometimes more subtle.
The network of potential buyers, the agent to agent interaction, the problem solving abilities of a professional, as well as the marketing advantages all play increasingly stronger roles in the sale of your home.
Now, to the point of this article.
If you do choose to try and sell your home on your own. I would recommend working WITH Realtors. This sounds like an oxymoron, but think of it like this. You would like the greatest amount of people to know about and view your home, right? The more people that see your property the better the chance is that you will not only sell but get the best possible price, but in many cases private sellers discourage any and all Realtors.
Most Realtors that bring a purchaser to your attention are fully willing to negotiate their compensation. Use this to your advantage to secure a buyer. Never turn down an opportunity.
I would go as far as to add this note in my advertising.
example "vendor not looking to list property but is fully willing to negotiate commissions if brought a motivated purchaser."
This is the best of both worlds. You have the opportunity to find a private buyer yourself or have a Realtor bring you a purchaser. Either way you can save money.
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