Most people always consider hiring a realtor before purchasing a house. After all, selling and buying homes is not always easy, and realtors have the experience to navigate the complex market. Real estate agents typically charge about 4% to 6% commission on a home’s sale price. You could sell your home without one and enjoy complete control of the marketing and pricing of your home. To make your experience easier, below are simple tips on how to sell a house without a realtor.
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Research on the Price
You may get an idea of the sale prices for comparable properties in your community by using the internet and then price your own home accordingly. In any case, this is what some real estate agents do. Keep in mind that you want to sell your house. Therefore you shouldn’t set the price so high that no one can afford it. Be reasonable. If you have a friend in the real estate business, they could help you get the correct value. Just know that they could help you with the hopes of being hired as your agent.
Another free way of estimating the sales price is using online valuation tools or estimators, for example, Zestimate by Zillow, Redfin, Chase, and others. The value provided by these tools is based on factors like the neighborhood, size of the property, number of bedrooms, any recent renovations, and others. After obtaining an estimate, always confirm if it’s a fair offer.
Advertise Your Home
It is no longer sufficient to simply place a sign in front of your house that reads “for sale” and cross your fingers that someone will come along and purchase it. There is more you can do. The majority of homebuyers begin their search for a new house online. Therefore, if you want to sell a home, it is only logical to list it online so that more people can see it.
You can purchase a listing on FSBO.com for approximately one hundred dollars for one year. Your house will also be listed on other websites such as Redfin by listing it on FSBO. You could also advertise your house on Trulia and Zillow at no additional cost.
Describe Your Home Thoroughly
Include photographs of the interior and the exterior of the home when you put it for sale. To ensure that the pictures are as visually beautiful as possible, you might want to consider hiring an expert.
The listing should contain all of the essential information, including the cost, where it is located, the age of the house, the total number of rooms, plus the number of bedrooms and bathrooms. Highlighting any improvements, such as a new roof or recent decorations, is highly recommended to obtain even more enticing outcomes.
Don’t Be in a Hurry
Selling a house takes time, sometimes up to 6 months. There aren’t many people always with thousands of dollars looking to buy a home. Furthermore, there are many homes listed for sale, and you will be competing against brokers who have been in the industry for way longer than you. Therefore, do not be disappointed if you don’t get any offers a few days after listing your home. Keep updating your marketing materials and list the home in as many places as possible.
Meet the Buyers and Negotiate with Confidence
Confidence is critical when selling your home because you will meet all kinds of people who value your home differently. Some will give you an offer that will surprise you, and that’s why you need the confidence to tell them off if you disagree with them.
You may not be prepared to sell your home without an agent if you are not confident in your ability to negotiate or are emotionally tied to the property to the point where you will be insulted by low offers.
It is essential to keep in mind that reducing the price of your home by one percent will not put you behind financially because you don’t need to pay an agent anyway. Therefore, consider lowering the price a bit below the market price and be confident with your final offer. If you are in Texas, you can look for companies that give cash for houses in San Antonio and save yourself the hassle of going to the streets negotiating with potential buyers.
Conclusion
Selling your home without a realtor/ real estate agent is not always a bad idea. If you are confident, you could still get a fair offer for your home. Also, do the research, describe your home thoroughly, be patient, and advertise your home appropriately.
