The reason for investing in anything is to make a profit, of course. Property investments are no different. With property, sometimes the profit margins are tight and investors need to find ways to minimize costs and increase profits. Although you might consider several options for reducing costs, many expenses are non-negotiable. One you often can eliminate is the costs associated with a real estate agent. Selling without an agent can reduce your costs and increase your profits.
Isn’t it difficult to go it alone? Although selling your own property isn’t easy, just about anyone can do it with the right tools and some perseverance. You will probably find the thousands of dollars you save on each transaction are well worth the added time and effort you had to put in. in order to be sure you’re on the right track, research the topic. Most online listing sites also have a great deal of information about selling your own home. You should also read articles such as the one you are reading now on sites like the one you are now on to learn more about selling without a real estate agent. If as an investor you sell your properties on a regular basis, you will find it gets easier each time you do it.
Are there hidden expenses involved? Yes, there are some expenses involved when you do not use a real estate agent. You might need to pay various professionals, a contractor, a landscaper, someone to help stage the home, etc. to help you sell your home. However, those costs rarely come close to the expense of a real estate agent. One expense you should never skip is that of an attorney. Contracts are very thorny issues, so these should definitely be done by someone who knows what he or she is doing. The cost of an attorney is well worth the price, especially compared to the cost of a lawsuit or unenforceable contract.
What else do I need? So you’ve decided to skip the real estate agent and pocket more profit from your investment. In order to do this, you will need the same things that made you successful as a real estate investor. You will need drive and determination, because it might take more time and effort to sell the property yourself. When you are stumped by seemingly insurmountable challenges, your ability to solve problems creatively will come in handy.