Once you have decided to sell your home without the assistance of a realtor there are a number of important steps you need to know. For an unbiased perspective, MoneyWise has published a useful guide with many useful tips. According to this publication:
Selling a home privately is something thousands of Canadians do every year. It’s not for everybody, but it’s not exactly brain surgery, either.
Selling your home privately involves hard work and a lot of effort but if you would rather not pay realtor commissions ensure that you follow the suggestion of an experienced private home seller. A critical step in the process is deciding on an accurate value for your home. Be realistic and do some research as the selling price is the first step in your home selling checklist.
Not everyone feels paying 5% to 7% of their home’s value to an agent is a worthwhile investment, especially if it means forking over $60,000 or $70,000 – an easy thing to do if you’re selling a home for over $1 million. For these homeowners, selling without the use of an agent’s services is a logical alternative.
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