Selling your home by yourself: should you do it?

There are a few options for selling your home privately in BC:

You can market your home yourself on websites such as Craigslist and Kijiji
You can work with websites such as OneFlatFee.ca that will sell your property for just that: one flat fee.

With these options, you save on a real estate agent’s commission, but you become responsible for all preparations, showings, questions, and marketing of your property. The greatest disadvantage you face if you self promote on websites such as Craigslist and Kijiji, is that you lose out on marketing experience and exposure to 95% of the market from not being able to list your home on a Multiple Listing Service (MLS), where most people and real estate agents search for a home.

By listing your home privately you are indeed saving on commission, but we believe that the exposure you would receive through MLS and the marketing services offered by the agent pays for the commission itself. By selling your home yourself, you would have to invest much more time with all the added responsibilities and you might not even be saving as much as you had imagined to do so.

By listing your home with Residencity, you will be working with experts who focus on enhanced MLS listings, professional marketing materials, extended open houses and a pre-inspection. Call us at 604.288.9166 to see what we can do for you.

You’re talking to your friend who’s a real estate agent and you tell them that you’re looking to sell your property in Burnaby. You give them a tour of the home and get all the fine print sorted out. They tell you that they know someone who is perfect for this listing, meetings are held and the exchange happens. This is great, your home has been sold quickly at asking price, without being listed on MLS.

Although your property in Burnaby was sold promptly at asking price, it could have had offers that were even higher, if you had posted it on MLS for a few days. Imagine what you could potentially get when 13000 agents. There is a fairly high chance you would get more than what you got with the 1 agent.

At Residencity, we believe that it is important to let the property sit on the market for a minimum of 7 days. This way, it is shown to real estate agents who also have the opportunity to show it to their clients. We advise that regardless of the market condition, the exposure should still be there to ensure that you get the best selling price.

Call Residencity at 604.288.9166 or email us to list your home with a team that will ensure that your property receives the market exposure it deserves even if there are interested buyers prior listing the property.

Tag Archives: private sale

Selling your home by yourself: should you do it?

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We specialize in one thing only: Selling Your Home