When it comes to selling your house, it’s vital that you understand that you have several options at your disposal. Contrary to popular belief, having a realtor to list your house in the MLS is not the only way to sell your house. Many homeowners now are learning that selling their home without an agent will help them save precious time and significant money.
What Are The Advantages of Selling Without an Agent?
There are many advantages to cutting out the middle man. You have to contend with commissions and out-of-pocket expenses when you work with a real estate agent in your area. It’s fair to say that saving money is one primary benefit you cannot afford to ignore.
You need to be ready to make some repairs to your property if you want to get serious offers from buyers. If you’ve done a home repair or home upgrade project in the past, you know that will have to account for unexpected costs. You will also have to make several trips to your local hardware store.
Please keep in mind that your home repair costs will go up if you decide to hire a handyman. You should only take on projects that you can handle. This is not the time to learn new painting techniques.
When you market your house without a realtor, you don’t have to worry about paying someone a commission. Dealing directly with the buyer will allow you to keep your money in your pocket. A real estate agent will expect a 6% if commission when they find a buyer for your house. This could be several thousand dollars!
How Can I Get Started?
It’s critical for you to do your homework before setting your price. Many fail to set a reasonable price for their home. For instance, they rely on sites like Zillow to determine the value of their home. Thorough research is the key to determining the true market value of your home. Look at what similar houses in your area are selling for.
You ask a realtor to help with a CMA (get listing information without signing an agreement). You can always lower your price if you’re not getting any offers. However, you should be careful with this approach. Lowering your selling price several times can give prospective buyers the impression that you are a desperate seller. Hire a professional seller if you want to find out the true market value of your home.
Execute Your Advertising Game
You need to have immaculate images of your home if you want to sell your house with online advertising. Poor images will make it difficult for you to find a buyer. Hiring a professional photographer may be your best bet.
There’s an old saying, “The devil is in the details.” Make certain you are specific about the amenities. You want your prospective buyer to know what they’re getting.
Time to Make it Happen
Clean out your home before showing it off to prospective buyers. Pass out brochures with repair and upgrade information. Please remember that the little things count in real estate!
What to do When You Find a Buyer
Create a contract and accept written offers that include a deposit. You should consult with a real estate attorney and follow their advice. Working with an experienced real estate attorney and title company will help the deal go through.