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There are both good and bad things about selling your own home.  Of course, you will save quite a bit of money when it comes down to it.  But, to be an effective home seller, you will need to have as much knowledge as possible about the process and about what you need to do to make sure it happens.  Here are some things to think about.

The Disadvantages

Let’s get the bad stuff out of the way first.  Here are some of the disadvantages of selling your home yourself.

• You don’t have a lot of feedback about how long it will take your home to sell, how much it will sell for or what will work the very best at making your home sell.  You have only your instincts to go with and what you can learn here.
• You will need to invest in selling a home.  You will need to market and advertise your home.  There are some excellent helpful solutions offered right on the web to help you, but you still need to put in a few dollars to insure people know your home is for sale.
• You will not have your home listed in the MLS or multiple listing service, which is a tool that allows agents and buyers to know that your home is for sale.  It is generally the location that people go to find out which homes are out there.  You can pay to have your home included here, if you would like to.
• Did you price it right?  While many believe their home is worth more than it is, you may not know what to really charge for your home.  There are resources to help you offered on the web, but you’ll need to do your own leg work here.

The Advantages

• Most importantly, there is the obvious fi nancial benefi t. By assuming the role of realtor, you can pocket the 6% (on average) real estate commission. For example, if you sell your home for $300,000 with a broker, $18,000 of that goes directly to pay the real estate commission. For most of us, that’s a lot of money – money that can certainly be put to better use!
• Another advantage to selling your own home is the opportunity to make a quick sale if necessary. Say you’ve already found yourself a new home and need to move in as soon as possible.

• You can maintain greater control and flexibility over all aspects of the transaction. Selling on your own allows you to choose your asking price and determine when and to whom you show your home.

• Lastly, who knows your home as well as you? You know about that perfect picnic spot in the backyard or that quiet nook for snuggling up with a good book. You’re also most familiar with everything ranging from the neighborhood, the school district, the community, etcetera . This sentimental connection makes you better equipped to handle the sale of your home and to answer any questions the buyer may come up with.

  Determine if selling your own home is right for you.  Weigh these options carefully to make the right choice.

  So now you’ve made the commitment to sell your home on your own. You’re probably asking yourself, "Now what?" Just remember, as overwhelming as it may sometime seem, there are many sources you can turn to for assistance, ranging from attorneys to escrow and loan officers, among others. You may even know people who have sold their home themselves in the past and can offer valuable guidance. There is a wealth of information available to you.