Since brick-and-mortar estate agent’s charges are constantly increasing, employing the services of a realtor can prove to be a costly affair However, selling your home without a realtor is very possible. The manner in which people sell their houses currently is quite different from how people did a decade ago. Property marketing is very aggressive nowadays, and with a couple of tips that you will find in this article, you can save a lot of money while selling your home without the services of an estate agent.
By using WeBuyAnyHome, you can get several cash offers for selling house without estate agent. Many home sellers are beginning to find ways in which they can sell their houses by themselves, and save more money than they would have had they used estate agents. Therefore, is it possible? Here is what you need to do to save money when you sell your home without a realtor.
Reasons for Selling Your Home Without an Agent
- To save money spent on paying a realtor’s fees and charges.
- Houses that are sold without an estate agent have a high chance of closing much quicker had an estate agent been used.
- Houses being sold by their owner could be sold to family, friends, personal acquaintances, neighbours, work colleagues, or even real estate investors such as webuyanyhome.com/.
Whereas selling your home without a realtor is beneficial, your house needs to be in its top condition so as to quickly, and get the value it deserves.
Process of Selling Your Home Without a Realtor
First and foremost, it is important to determine the accurate as-is value of the house property you want to sell. Incorrect valuation of your home could result in your home selling swiftly because it was under-priced, or stay on the market for a long time because it was over-priced: hence, the reason why you need to accurately determine the correct value of the property because you place it on the market.
There are plenty of property industry websites that provide automated valuations of your real estate. However, these websites can be misleading. Instead, you can opt to use several sources to compare and contrast your home’s real value. It may prove to request appraisal services for your property to be conducted.
Second, the most important factor when setting up your home for sale is to ensure that it is ready for viewing, and is fixed up. You can achieve this by decluttering your house. Declutter your house by completing any projects that are underway, and finishing up with the necessary repairs. Try to keep your house as neat, updated and neutral as possible, to increase your odds of closing of a deal that gives great value to your home.
Third, take great pictures of each room in your home to use when marketing your property. you can even go an extra mile and hire the services of a professional photographer. Also, develop a well-drafted summary which you’ll use to market your property. Compare your property listing with other property listings available in your neighbourhood and check how yours compares with them. Once that is done, you can enlist your property online for free and save money in websites such as Zillow, Trulia, Redfin among others.
Lastly, negotiate and close the deal. A necessary requirement for closing deals off fast and effectively is to hone your negotiation skills. This will also help you get the maximum price from the sale of your house. Key to note is that whereas you’re saving money by not paying any selling commission, in the event the buyer was referred to you by an agent, you may have to pay the commission yourself.
Benefits of Selling Your House Without a Realtor
- Pricing and marketing control.
- Huge savings by having no real estate commissions.
- Complete understanding of your home.
Drawbacks of Selling Your House Without a Realtor
- Whereas you may save money by not paying commission fees, you may end up selling your house for less than it’s worth.
- You are solely responsible for marketing of your house, staging the property, coordinating showings, negotiating the property deal, and sealing off the deal. This is because estate agents eliminate such problems from your plate.
Tips for Saving Money When Selling Your House Without a Realtor
- Price Your Property Realistically
If you have decided to sell your property without engaging a realtor, never make the mistake of thinking that your home is worth more than it actually is. You need to separate yourself from any emotions when setting the home’s price and based your price on hard data. Compare and contrast with other houses on sale nearby, and price yours accordingly. You can also use a price calculator to calculate your home’s worth.
- Advertise Aggressively
In the past, people would just stick a sign in the yard of their houses, and hope for the best. Currently, it takes much more than that to sell your property and there is a plethora of options to consider. You can begin by enlisting your property online on websites such as FSBO.com, Zillow, Trulia or Redfin. Furthermore, you can register for Multiple Listing Service, a platform mainly used by real estate brokers.
- Provide a Detailed Description of Your House
When you want to sell your property fast and save money, always consider including detailed pictures of your home’s interior as well as its exterior. Take professional pictures to make your home as appealing as it has ever been. When listing your property, provide all the basics such as location, pricing, number of rooms, the house’s age among other pieces of information. In the listing, you can also choose to include highlights of any improvements that you may have done on your home such as a new water heater or a new roof.
- Be Patient
Do not worry when your first open house does not bring you much prospective offers. Instead, always revisit your price, widely list your property, and update your marketing skills and materials.