What I would suggest is to be very patient. Keith has given you a good run down on statistics for using or not using an professional real estate agent.. IS there a reason not related to finances that you think you want to walk thru the home sale maze on your own-- and likely against buyers who have a professional negotiator on their side?? Perhaps you like to take on big challenges?? or have had a bad experience in the past with an agent who behaved unprofessionally?? Something else??
Here are some of the things that you will need if you choose to go it without a REALTOR:
--Someone to price the property realistically-- and at the best possible place to maximize your net
--You'll need a good negotiator,
--someone to write up a solid contract for you, valid in your state and with as many of the contingencies covered, as possible
--an answering service to screen calls and set up appointments
-- someone to show the property, listening for cues of what that buyer is really looking for, and how to overcome objections by turning them in positives
--an advertising program (including signage, print, innernet and other creative adverising)
--did I mention a good negotiator, to respond to tentative offers, and ones that are less than full price.
--someone to advise you about inspections & tests that buyer asks to have performed
--someone to hold escrow. This might be the attorney who reviews thecontract(s) you have received and prepares a new deed for you.
--and did I mention a good negotiator who can get the contract--IN WRITING-- from the buyer with a cash deposit??
--a bank account to pay for these services as they are performed for you, and whether or not the sale actually goes to closing.
Hope that helps
I have worked with a very few home sellers who are also good negotiators-- which along with broad exposure of your home to a the maximum number of QUALIFIED BUYERS is what you need in a tight market. Even if you are a shrewd negotiator, most of us need help to look at the property objectively and fine tune its marketing for the best exposure to many buyers.
Did you say you wanted to sell your home, or sell your home for the most profit?
Statistics show clearly that owners selling their homes without professional representation sell for about 16% LESS than those sold by Realtors. Also, 86% of sellers eventually list with a Realtor.
Let me ask you , when you buy your next home, are you planning to use a Realtor? Why is that? Because we work for "free". So don't you think everyone thinks that way? The buyer that first sees the home they purchase sees it with a Realtor 90% of the time.
So why would you exclude 90% of the buyers? Now you can see the problem you have.
I know that you'll probaby pay the buyer's agent to work both sides of the transaction, right? So you'll pay someone half price to do two jobs. What kind of professional would take a 50% pay cut? Do you want that person representing you anyway?
Maybe you can sell on your own. 10% do. Why not talk with some REaltors, have them prepare an Estimate of Seller's Net Proceeds. You do the numbers. You make the call.
Do yourself a huge favor and find a good local agent.