Pros and cons of selling my home without a realtor
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Pros and cons of selling my home without a realtor


Welcome to Homebuyer’s School brought to you by Brookfield Residential Hi everyone and welcome to another
episode of Homebuyer’s School. Today I’m joined by Kevin French with Remax Realty
and the question we’re gonna answer is, “Pros and cons of selling my home with
a realtor and without a realtor?” Now Kevin, you probably can give us a lot
of pros on why you should sell with the realtor but can you also give us the
cons of that as well? So let’s start with pros and cons of selling my home without
a realtor, so let’s go with the pros first. Pros with selling without – you save money, potentially. There’s a opportunity to not pay the listing agent or maybe in some cases even the buyer’s agent any commission and your purchase selling the property on your own, saving a significant amount of money. How about the cons? Cons – you’re losing a significant amount of money. If the property is not appropriately marketed or priced, there’s a good chance that money can be left on the table, so I’ve had friends of friends tell me in the past like, “you know my property was on the market for six months we did two price reductions and at the end though we got a great price, we got exactly what we wanted. Well relative to what metrics, like, what are you comparing this to? How do you know that this is the best price that you could have got for the property? “Hey, could you have listed it for a higher price and done these 10 things that your real estate agent would’ve recommended, and sold it a lot sooner for more money.” So you’re saying, let’s say if I sold a
home for say $500,000 and I bought it for 400, I could be
congratulating myself but I could have sold it say for 600 or maybe 450, 550 or
whatever that price is. Exactly, the funny thing is that
if you don’t know the entire market then a gain is great. There’s everything
positive about it you’re here making money. But if it could have been more
money and you will never know that I guess then you’ll be happy but in reality
you should’ve at least contacted somebody. Yeah. So let’s go to the other one, so pros and cons of selling my home
with a realtor. So let’s start with the pros first. What are the pros of selling
your home with a realtor? Sell your home sooner sell your home for more money. Those are the number two- the first two. You’re going to get your property, it’s going to be appropriately marketed, it’s going to be showcase to as many possible people that are in the market and then you’re going to have someone negotiating on your behalf when the offer does come in. And what are some of the cons? The cost – it’s significant there’s no doubt about it, but if you’re working with the appropriate agent then it’s worth it. A
con would be not asking the right questions and not figuring out who
you’re working with prior to listing your home. If you’re listing with
somebody because they’re your cousin’s – friends – sister or whatever may be, that’s
not the reason to trust them with probably biggest asset in your entire life. I
should be asking the right questions to the right agents and then going from
there and choosing the right person to sell your property is going to
yield the highest profit. So it’s not just about going with a realtor,
but it’s going with the right realtor. Absolutely. Okay perfect, anything else to add? Nope. Awesome, well that’s our show for today. Thank you very much for joining us and
we’ll catch you next time. That’s another edition of Homebuyer’s School. Tune in next time for more expert tips and tricks and visit homebuyersschool.ca to bring you one step closer to finding your dream home. As with everything it would be great if you like and share our videos. Also please let us know if you have any home buying questions you want us to answer.

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