Trading Your Personal Property Can Be Quite Hard
Nowadays, people are trying to cut costs wherever they can and that is generally the best thing. With regards to selling your home, however, you have to think twice before attempting to do so without the assistance of a licensed, qualified Realtor. There's a reason that Real Estate agent Toronto is fully licensed and insured by the broker which they work for and it's really because selling homes can be tricky and you must have some knowledge and experience behind you. There are various things that happen with even the standard property transaction and so many things can and will go wrong if you don't have the knowledge and experience that is incredibly important to have.
Look at the different aspects of a typical real estate transaction and what Real Estate agent Toronto is and what their duties are and you may see that selling your own house is not the cakewalk that you were told it would be. Fist off it is advisable to find out what your home is worth and that means either your agent knows the market so well that he or she can say what that home goes for or you will need to pay for an appraisal. You'll need to advertise that the home is for sale and this can involve anything from advertisements in local papers and news letters to online listings and banners, etc. You then need to be prepared for showing the property at Open House events that you may have to create, plan, advertise, and accomplish yourself.
Even if you possess a buyer all lined up, who is going to prepare the offers, counter offers, as well as the actual purchase agreement? You need to know about contingencies and clauses that must be inserted into typical contracts that will save you from claims by the buyer. You need to fill out a long Statement of disclosure and it has to be an original, no holds barred detailed description of the house or else you could easily get sued for omission. By the way, all Real Estate Brokers in California need to carry extensive Errors & Omission Insurance policy by the Division of Real Estate for this exact same reason. You wouldn't want some sue-happy buyer coming back to you in 6 months because you didn't remember to mention that the basement walls had minute cracks in them.
Which leads me to my next topic which is the house inspection itself. Normally a good Toronto Real Estate agent that knows his property will also know of a reliable Home Inspector. Believe it or not, a good agent may also recommend the services of an appraiser, a loan officer, moving businesses, title companies, escrow, etc. That set of expert services alone makes it worth your while to forego the notion of selling your own property and seriously consider employing one of the very talented and reliable Agents in your town.
This could be one of the biggest deals you ever make in your lifetime. Do you really wish to run the risk of messing everything up?
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