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SELLING A HOUSE WITHOUT A REALTOR

Selling house without realtor

How to sell a house without a realtor ?

Realtor is an individual who acts as a real estate agent who helps people to buy or purchase 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 payoff makes it worthwhile. If a house values $200,000 the commission on it would be $12000 that can be saved.

Before starting the process, you need to realize that it is a time taking 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 few things in mind.

SETTING PRICE:

Setting appropriate 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 that can be helpful in estimating the cost of a property accurately. One should keep the emotions aside prior to setting the price for property before selling. Setting the right price is the first step to selling hose without realtor.

PREPARE YOUR HOUSE FOR MARKETING:

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

There is no need for deep cleaning of home instead use lights to lighten up your space as dull or dark areas gives depressing look. In order to make your home look fresh you can apply paint as well.

Front side of your home matters a lot. Keep the surrounding clean as it looks impressive.

LIST YOUR HOME ON MLS (MULTIPLE LISTING SERVICE)

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

HIRE A PHOTOGRAPHER

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

MARKETING

Marketing your property is helpful and brings more buyers. It involves putting sign FOR SALE, brochures, advertising online as well as building online website. All these factors tend to attract potential buyers towards 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 neighborhood, giving brochures to the visitors.

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

UNNECESSARY IMPROVEMENTS

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

SELLING POINTS OF THE PROPERTY

While writing advertisement of your home online or for brochures, don’t forget to add complete details about home like no. of bedrooms, no. of bathrooms, lot size, age of property, style and building materials. Add all the details you think can be helpful in selling 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 the things that you don’t even consider.

ANSWER QUERIES

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

NEGOTIATION

After you have found the buyer, buyer will submit a contract to the seller. Then seller will review the contract and can 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 the parties will sign the contract. Most states offer the standard contract for real estate purchases that can be used for this purpose.

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 buyer no matter what race, area, religion or sex they belong to. You can find many laws regarding to this online but they are not all according to your area so it is recommended to visit real estate attorney belonging to your area to get information about all these laws.

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 number of homes available in that time span. So, be ready for the competitors.

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 in order to quickly sell your home without any hurdles.

Information taken from:

https://www.thestreet.com/how-to/sell-your-house-14868845

https://www.bankrate.com/real-estate/how-to-sell-house-by-owner/

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