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Selling a House Without a Realtor

Selling house without realtor

A Realtor is an individual who acts as a real estate agent who helps people to buy or purchase the property by taking some commission during sale or purchase. That commission varies and can cost up to thousands of dollars.

So, if a person wants to save that sale price, then selling the house yourself seems like a good option. It needs more work, but the payoff makes it worthwhile. If a house values $200,000, its commission would be $12000 that can be saved.

Before starting the process, you need to realize that it is a time-consuming process; you have to handle all the stuff, including legal and financial work. You can take the help of different websites during the process. 

For that purpose, you need to keep a few things in mind.

12 Tips to Help You Sell a House Without a Realtor

1. Setting Price

Setting a fair price for the home page is the first thing to consider. Never set the price higher than the actual price based on hard data. 

Online price estimation calculators are also available to help estimate the cost of a property accurately. One should keep the emotions aside before setting the price for the property before selling. Setting the right price is the first step to selling the house without a realtor. 

2. Prepare Your House for Marketing 

A very important step is to prepare your home before selling. Remove all the belongings present in your garage, attic, and photographs from the walls. So that when a buyer visits your home, he can imagine himself living in the Home. When you have lots of stuff lying around, buyers would not feel comfortable. Storing/packing lying stuff will be helpful in the future when moving around to another place.

There is no need for deep cleaning of the Home; instead, use lights to lighten up your space as dull or dark areas give a depressing look. To make your Home look free, you can apply paint as well.

The front side of your home matters a lot. Keep the surroundings clean as it looks impressive. 

3. List Your Home on MLS (Multiple Listing Service)

Multiple listing service contains lists of all the property for sale in a specific area. It is also available for potential buyers who need to search before buying a home. So, it is a good idea to list your real estate there before selling.

4. Hire a Photographer

Great photos attract potential buyers; that is why hire a photographer to capture attractive and bright photos of your house. 

5. Marketing

Marketing your property is helpful and brings more buyers. It involves putting signs FOR SALE, brochures, advertising online, and building an online website. All these factors tend to attract potential buyers to your property.

So, you don’t need an agent to advertise the sale of your home. Doing it yourself is a good option. You can do it by putting signs in the neighborhood and giving visitors brochures. 

Giving refreshments to the people visiting your property is also helpful for selling purposes.

6. Unnecessary Improvements

Avoid making unnecessary improvements to your property before selling it. It will cost you a lot, and they don’t improve the property’s value. It is advised to go for the necessary improvements for the property. Think twice before upgrading.

7. Selling Points of the Property

Image Credit: StockUnlimited.com

While writing advertisements of your Home online or for brochures, don’t forget to add complete details about the Home like no. of bedrooms, no. of bathrooms, lot size, age of the property, style, and building materials. Add all the details you think can help sell the house.

For the pattern to advertise properly, it is recommended to visit websites to get an idea of the details a seller should provide in a brochure. It would give you the idea about writing things you don’t even consider. 

8. Answer Queries

Buyers can come at a low price or ask for changes or repairs before buying a property. Be smart and answer their queries. Don’t let them get distracted by another property by not answering their queries.

9. Negotiation

After finding the buyer, the buyer will submit a contract to the seller. Then the seller will review the contract and make some changes in the contract as per his preferences. This will continue unless both seller and buyer don’t get satisfied/agree to the same price. After that, both parties will sign the contract. Most states offer the standard contract for real estate purchases that can be used for this purpose. 

10. Fulfill all the Laws in Your Area

No matter where you live, every state has different laws for house selling, like The Fair Housing Act that means that sellers cannot discriminate against buyers no matter what race, area, religion, or sex they belong to. You can find many laws regarding this online, but they are not all according to your area, so it is recommended to visit a real estate attorney in your area to get information about all these laws.

11. Right Time to Sell Home

Picking the right time to sell the Home is mostly summer and spring. But the buyer also gets pickier due to lots of the number of homes available in that period. So, be ready for the competitors.

12. Be Patient

Don’t be disappointed if you are not getting any buyers. Just stay patient and keep trying to update and improve your marketing updates.

Selling a home without a realtor puts more responsibility on your shoulders. You need to do a lot of research before starting the process and make sure to follow all the steps to sell your home without any hurdles quickly. 

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