Many home sellers, especially when the market is hot, figure they can save money and avoid real estate commissions by selling their own home without the assistance of a licensed real estate professional.
Although this method may appear a cost-cutting measure on the surface, those who attempt to sell their home and don’t have the training and knowledge that a real estate professional has, may be opening themselves up to more frustration, disappointment and possible legal entanglements than they ever dreamed about.
Because of today’s complex laws, conducting a home selling transaction can be a legal maze, and if things aren’t handled properly, a disgruntled buyer may be able to get his revenge in court. Also, with the million and one problems that most agents work with, getting the sale closed and the buyer through the loan process in a timely fashion will be worth the price of the commission alone.