Craig Della Penna, Realtor®'s Blog
Many sellers rely on agents to help them to deal with the task of selling their home. If you’re looking to buy or sell a home, a real estate agent isn’t required. There are many advantages and disadvantages to selling your home as a “For Sale By Owner” (FSBO). Read on to discover the good and bad of selling your home on your own.
Avoid Paying Commission
Real estate commission is the main reason that many sellers choose to go it alone. You’ll pay about 6% commission on the sale of your home between buyers and sellers agents. When figuring out the asking price for your property, this number that you’ll pay for a commission is included. This sale price also should be enough to pay off the remaining balance on the property. If you don’t have a lot of equity in your home, an FSBO may be your only option if you can’t afford the commission. Another option is to wait to sell your home until you have built up enough equity for the transaction to make sense for you.
You Can Find Other Resources To Help You Sell The Property
There are so many resources available to FSBOs in today’s market. Yards signs aren’t the only thing that sellers can use to get people interested in their property. Many websites and resources assist people taking the FSBO approach. You still may not be able to get your property listed everywhere if you’re not a real estate agent.
You Won’t Be Able To List The Property Fully
Only licensed real estate agents have access to the MLS, where buyers' agents and other websites pull available properties. Not having access to this can be a deterrent to the marketing of your home. You could miss out on getting many home showings that you otherwise would if your house was listed on the MLS.
There’s No One To Help You With Paperwork And Negotiations
Real estate agents certainly earn their commission. There is a lot of work in both selling and buying a home. If you hire an agent, he’ll be taking phone calls, sending off forms, and dealing with the negotiations on the property. An agent will also coordinate home showings and have the ability to show your property when you’re unavailable. If you go it alone, you won’t have that assistance and may be a bit overwhelmed during the selling process.
A real estate agent also understands the lingo better than someone who has been outside of the business. There are many advantages to paying his fee if you decide to hire him for the sale of your home.
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New building methods increasingly improve insulation R-values inside homes, but as houses become more buttoned up, they also can trap lousy air inside. Your personal atmosphere might contain molds, formaldehyde, toxic chemicals from paints, carpets, glues, and cleaners, and benzene, just to name a few. On top of that, your indoor air carries pet dander, dust mites and other pollutants that can trigger asthma, allergies, and other respiratory illnesses, headaches, earaches, and digestive problems.
Clear the air with these oxygen-promoting houseplants.
- Dracaena deremensis: requiring only a small amount of sunlight and very little water, this plant grows up to ten feet tall if left untrimmed. It effectively removes fumes from solvents and varnishes.
- Dracaena Marginata: This lovely subtropical plant brings to mind a Dr. Seuss tree that filters chemicals from cigarettes, paints, and vehicle exhaust. It only requires a small amount of water when the soil dries out.
- Golden Pothos: NASA studied this plant for its ability to remove formaldehyde and VOCs (volatile organic compounds such as those in paint fumes).
- Hedera Helix: This English Ivy makes the perfect desktop plant and removes carcinogens from cigarettes and cigars. It adapts to a variety of light and temperature conditions, and when used in the bath or nursery, it can even remove fecal particulates.
- Sansevieria Trifasciata: Also called Snake Plant and Mother-in-Law’s Tongue, releases oxygen as it absorbs carbon dioxide and makes an excellent filtering plant for formaldehyde from engineered wood products.
- Spathiphyllum: Peace Lily controls acetone, benzene, trichloroethylene, and fumes from alcohols from the air inside your home. Since it’s toxic, however, keep this plant away from pets and children.
- Chlorophytum comosum: The Spider Plant, also part of the NASA test, proved to be exemplary at removing formaldehyde from the air.
Plants move the toxins through their leaf-vein system and down into the roots where microbes feast on and filter the damaging fumes and turn them into harmless by-products. Each medium-sized plant covers about six to eight cubic feet according to some studies, although in real-world situations, that depends on how often HVAC systems exchange the air.
To get the best results, keep a variety of plants. Because most plant types prefer certain toxins over others, the more insulated your home, the more different fumes need filtering. As always, when using any plants near children or animals, keep them well out of reach.
To learn about which plant might grow best in your situation, talk to your local nursery or plant specialist.