You don’t have to use the services of a real estate agent when you sell your house. In fact, more and more people are deciding to handle this process alone.
While this is an option, before selling your house without a realtor, there are a few things you need to consider. There are also some tips to help you with the process.
Do Research and Determine a Price
Before reaching out to local investors who buy homes, you need to figure out what your house is worth.
Take some time to review similar homes nearby that have recently sold. This will give you a good idea of what buyers will pay.
You also need to consider how well inventory is moving. For example, are homes selling quickly in the area, or are they sitting on the market for weeks or months?
If houses are not selling quickly, it may be beneficial to price your house lower, which will help grab buyer attention.
For homeowners who aren’t sure what price to ask, consider using a Realtor consultant. They can provide insight into the market and help you choose the right price.
Advertise the House for Sale
In the past, you would just stick a “for sale” sign in your yard and hope someone would bite. Today, you have a lot more options.
Most homebuyers begin looking for a house online. If you plan to sell yours without an agent, there are several places you can list it. You usually have to pay for this listing, though.
If you want to reach even more potential buyers when you are trying to sell your home without the services of a real estate agent, consider using the Multiple Listing Service. This is something that real estate brokers use.
Get Your Home Ready to Sell
Another essential step to take when trying to sell your home is to prep it. You need to get the property “show ready.”
Take some time to declutter and clean the property and remember – less is more when you are trying to sell. You should also make repairs and finish unfinished projects.
Even if your home is “perfect” to you, a buyer may not like a purple bathroom or eclectic flooring. Keeping things neutral and updated with minimal personal effects will increase the likelihood of selling.
Answer Questions and Negotiate
Some possible buyers may make a low offer or ask for repairs. It is your decision what you will and will not do to make a sale.
Don’t be scared to negotiate.
Tips for Selling Your House Without a Realtor
When it comes to selling your house without a realtor, remember everything will fall on you. Be sure you are ready to handle the process, which can be frustrating at times.
While this is true, selling on your own lets you keep the money you sell the house for.
Do you want to find more helpful information and resources? If so, check out some of the other blogs published on our website.