When you are looking into selling your house, you have a couple of choices on how to do that. You can try to do a for sale by owner, where you act as your own real estate agent. Or, you can go the more traditional route and hire a real estate agent. There are pros and cons to each method, and you should consider and weigh them before making a decision.
The biggest advantage to going the for sale by owner route is saving money. The standard real estate commission for a sale is 6 to 7%, depending on where you live. That commission usually is split between the seller’s agent and the buyer’s agent, but the home seller pays the whole amount. Even on a modest $200,000 home, that can add up to $12,000-$14,000 right off the top of the potential profit. By selling a house on your own, you can add s Continue Reading