Homeowners that attempt to sell a house on their own can often endure a time-consuming chore. Still, faced with paying out a large sales commission to a realtor, the idea of a sale by owner approach can be attractive to many.
Anyone considering their options needs to evaluate the market and the potential benefits of listing with a realtor. Even as a real estate slump has persisted across the nation for several years, not all markets are created equal. A more active market means selling a home will be easier. Commission rates are likely to be less volatile than buying patterns in a housing market. With large overhead costs and little incentive to hassle over a few thousand dollars, realtors in a bull market could be more of a burden for an astute homeowner.
The internet has revolutionized the exchange of information and bridged the gap between the homeowner and the buyer, a space traditionally occupied by real estate agents only. With innovative tools available to alleviate some of the time constraints, a sale by owner experience is increasingly convenient.