Connect with us


Selling Privately vs. Hiring An Agent: How To Sell Your Property In 2023



Selling Privately vs. Hiring An Agent: How To Sell Your Property In 2023

Selling your home could present different challenges because you need to consider the state of the local market, the season, pricing, and, most importantly, the realtor you choose to work with. 

Nowadays, there are many properties offered for sale by owner. These are being sold either privately or through an agent. To find out the advantages and drawbacks of these two options, continue reading this article. 

Pros And Cons Of Selling Privately  

Private real estate sales can have the following benefits and disadvantages: 


  1. A Touch Of Personalization: When you sell privately, you can add a more personal touch to the process. Meeting potential buyers face-to-face and establishing a personal relationship with them is possible. 
  2. You Have Complete Control Over The Process: The sale process of a privately owned property is entirely under your control. As a seller, you control setting your asking price, marketing the property as you see fit, and negotiating with potential buyers. 
  3. There Are No Commission Fees: Selling privately gives you the advantage of saving money on real estate agent commission fees. 


  1. Inadequate Knowledge: Assisting and supporting the sale process is a service offered by real estate agents who understand the selling process. When you sell a house privately, you may have a different level of expertise and may make costly mistakes. 
  2. Minimal Exposure: The pool of possible buyers may be smaller when selling a house privately. Real estate brokers can reach more individuals than you might be able to because they have access to an extensive network of purchasers. 
  3. Lengthy Process: Private property sales can take a lot of time. You’re responsible for handling the entire sales process, from marketing the property to haggling with potential buyers. 
  4. Legal And Administrative Tasks: When you sell a home privately, you must manage all legal and administrative tasks related to the transaction, such as transferring the title and filing paperwork. This can be difficult and time-consuming, particularly if you need to familiarize yourself with the procedure. 

To decide between selling privately and selling with an agent’s help, compare the pros and cons of each option before making your decision.  

 Pros And Cons Of Hiring An Agent 

Selling a property with an agent also has its own set of advantages and disadvantages. Here are some pros and cons to consider: 


  1. Expertise: Real estate agents are knowledgeable about selling homes and can provide sound real estate advice. They may give you market data to help you set a reasonable asking price, recommend changes to make your property more appealing to buyers, and assist you in negotiating with possible purchasers. 
  2. Saves Time: You can save time on promoting the home and scheduling appointments with possible buyers if you engage with a real estate agent. All of these responsibilities can be handled by your agent, allowing you to concentrate on other parts of the sales process. 
  3. Legal And Administrative Tasks: Real estate agents can manage all legal and administrative tasks related to the transaction, such as transferring the title and filing paperwork. All these can be complicated and time-consuming, but you won’t have to worry about them if you work with an agent. 


  1. Fees For Commissions: Real estate brokers often charge commission fees for their services, which can quickly add up. The costs are usually a percentage of the property’s sale price, so consider this when determining a selling price. 
  2. Control Is Restricted: Working with a real estate agent means giving up some control over the sales process. Your agent will decide how to promote the home and negotiate with possible purchasers. Therefore, you must believe that they’re operating in your best interests. 
  3. Misaligned Incentives: You and your agent may have a conflict of interest because they may emphasize making a sale over obtaining the best price for your property. 

Hiring a real estate agent can alleviate some of the stress of selling a home, but selecting the right one is critical. Look for a real estate agent who has sold properties similar to yours in the past. Examine their track record and read customer evaluations. 

In Conclusion 

Selling your home privately can help you save money and give you greater control over the process. Yet, it will necessitate more effort, knowledge, and time. Employing a real estate agent can make the process more comfortable, quicker, and efficient, but it comes at a cost. 

Finally, whether you sell privately or through an agent will be determined by your circumstances, tastes, and priorities. If you’re considering selling your property in 2023, you can use this article as a guide to help you decide.


Buying Land For The First Time? 4 Mistakes To Avoid



Buying Land For The First Time? 4 Mistakes To Avoid

Whether planning to build commercial buildings, rentals, or your dream home, buying land can be exciting yet overwhelming. The buying process may seem easy and seamless, but it requires careful consideration to avoid making a lifetime mistake.

Land buying requires extensive research to find the best land rates and location that fits your needs. Unfortunately, many first-timers fail in this area, buying unproductive lands or areas with low security, and some even fall victim to fraud.

If you’re a first-timer looking to purchase land, here are four mistakes to avoid:

  • Skimping On Research

The first mistake many first-time land buyers make is skimping on research. You must conduct thorough research to understand the current market valuations and to make informed decisions.  Here are some of the reasons why research is crucial for your investment scheme:

  • Understand Market Value

One of the most important reasons why research is crucial is that it helps you understand whether or not you’re getting a fair price. It’ll help you understand the various factors affecting the land value too, such as the location and property age. From there, you can estimate the price and create a reasonable budget.

  • Choose The Best Location

The location of the land is crucial, especially when you have kids or when building rentals and commercial buildings. For one, you must choose land with access to roads, electricity, water, and other facilities, such as hospitals and schools. And researching will help you get the precise location that fits these needs.

  • Identify Potential Hazards

If the land you want to purchase faces significant concerns, like legal disputes and environmental problems, researching will help you spot it. You’ll find articles about such disagreements, and you can conclude to help you make informed decisions.

  • Understand Zoning And Land-Use Regulations

Land-use and zoning regulations dictate how you can use land in specific areas. There are areas where only commercial buildings are allowed, while others only allow residential ones. Therefore, researching will help you determine the best zone that suits your intentions.

  • Evaluate The Developer’s Credibility

Research helps you evaluate the seller’s credibility as well. You can check if they’re authorized operators with an operating license. Plus, you can examine if they have a good record by reading reviews from other clients. 

Generally, research will help you understand how to choose land for your home that suits your requirements to help you avoid costly mistakes and make sound decisions.

  • Underestimating Your Expenses

Another mistake most first-time land buyers make is underestimating their expenses. There’s more to buying land than making the downpayment for the real estate deal. There are other hidden costs associated with land buying, such as closing costs, land clearing or site preparations, utilities-associated costs, property taxes, and zoning fees. Understand your expenses and make reasonable adjustments to your budget to avoid surprises.

  • Not Hiring Qualified Professionals

As mentioned, buying land can be overwhelming, especially for first-time buyers. You need the proper documentation and know your way around the buying process, which is impossible if you’ve never purchased one.

Therefore, hiring qualified professionals is an excellent approach for better investments. They’ll help you with legal protection, property inspection, and expertise. Here’s a list of the experts you need to get your money’s worth:

  • Realtor: The law allows you to buy land yourself. But it’s not advisable for first-timers like you. Hire a real estate agent as they better understand the market, have access to the off-book listings, negotiation skills, and legal access. 
  • Real estate attorney: You can buy land without an attorney too, yet you’ll need one for legal advice, dispute resolution, and contract review.
  • Environmental Consultant: When buying land in areas that have environmental concerns due to industrial activities, it’s crucial to have an environmental consultant inspect them before buying for compliance with applicable regulations.
  • Surveyor: A surveyor will help you determine land boundaries when they’re unclear. Further, they’ll prepare a survey document you can use once you purchase the land.

These professionals will help you avoid the common mistakes, and pitfalls investors fall into when buying land. However, the expertise you need will depend on the purpose of the land. For instance, you may need an architect if you plan to erect a building, but you won’t need one for an irrigation scheme.

  • Visiting The Site Only Once

Another major mistake first-timers make when buying land is conducting a single site visit. One visit isn’t enough to assure you about the land’s condition. Ensure you revisit the land several times to gather information about the location and the utilities available in the area.

In addition, several visits will allow you to interact with the neighbors who can offer insider insights to help you negotiate better deals. They’re likely to know the owner, and such information will keep you safe from fraudsters.

Conclusion Generally, purchasing land for the first time can be daunting, especially when you don’t hire experienced professionals. It’s vital to research adequately to avoid making the common mistakes many first-timers make. Follow the guidelines highlighted in this discussion to make sound decisions and avoid unnecessary costs.

Continue Reading