Thinking of Selling Your House Privately in Waterloo Region?
By Warren McNeil,
Many people are getting ready to sell their houses this year and some will be deciding whether to sell privately or with a real estate agent. The purpose of this blog is to let sellers know their options. My goal here is not to slam any particular method. Just to point out the options.
Here are 4 options for selling your house:
- FSBO or for sale by owner. There are many people who head to Canadian Tire, pick up the black and orange sign and put it on the front lawn. This way could work if the timing is right or you already know someone who might want to buy your house. People do successfully sell there house this way but is not for everyone.
- Using private for sale companies. This is a step up from selling totally on your own. There are two popular private for sale companies in our area. They are Property Guys - www.propertyguys.com and By The Owner – www.bytheowner.com. These private for sale companies help sellers by providing them with a sign, a website where they can showcase all the information about their house along with providing potential buyers with easy access to contact the seller. These sites give the private seller an added advantage over going at it completely alone. I think these services work well for people who want to do it themselves but just need a little bit of an edge.
- Discount brokerages. These types of services are similar to the FSBO service providers. The big difference between them is that they are licensed brokerages registered with the Canadian Real Estate Association. Sellers are able to work with these brokerages to help them sell their house. With some plans, you can even get MLS services. This will allow you to have your house showcased on realtor.ca. This is an option for people looking for a alternative to the private for sale companies. This will also give you an edge over going at it completely alone.
- Full Service real estate brokerages such as Re/Max.. This is where our team falls into the mix. The majority of homes sell though this method. Full service real estate brokerages
offer a full range of valuable services to home sellers. Sellers can benefit by having licensed, skilled and motivated professionals to help them through this sometimes challenging and tedious process.
These services will appeal to the following types of people:-people who don’t want to be involved in the process at all
- people who lack the ability to negoitate or don’t like to negotiate
- people who live out of the area
- investors that don’t want to be involved in the sale of property
- divorce
- power of sales
- distress sales
- estate sales
The list goes on and on. This is a really good option if you are afraid to go at it alone or don’t see the value in using a discount brokerage.
I also want to add that buyers are better off working with a realtor when buying a house. Especially first time home buyers who know nothing about the process. Buyers are able to benefit by the knowledge of a good realtor. Buying a house without knowing market knowledge could lead to over paying for a house or worst then that buying a money pit.
I want to reiterate that this blog is not intended to alienate any one method. It’s main purpose is to show sellers that they have options. They should choose wisely when choosing which one will give them the greatest result. There will always be people who want to sell privately and those who want to work with a real estate agent. There is room for both…
Good luck and happy selling!
Take care and thanks for reading!
Thanks for reading!
| Warren & Melanie McNeil | Sales Representatives, Team McNeil RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118 |
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websites: www.TeamMcNeil.com, www.ClickThatHouse.com,
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