Are you looking to sell your home, but you don’t want to give up as much as 6% of the house sale price to a realtor in commissions? If so, there are ways you can sell your property without using a real estate agent.
If your home sale price is approximately $200,000, then you could save as much as $12,000 by avoiding a realtor.
Yet, selling your home without a realtor is a relatively rare activity. Only 8% of home sellers sell their property as For Sale By Owner while less than 2% of sellers sold their place to a home buying company.
This doesn’t mean it can’t be done. You can definitely sell a property without a realtor, and this guide will help.
Keep reading the guide to learn key ways you can sell your home without the assistance of a real estate agent.
Prepare Your Home for Sale
Before you can sell your house, you will need to get rid of all the clutter and clean it out. Potential buyers don’t need to see who is currently living there by having tons of stuffed animals and toys strewn about or pots and pans all over the kitchen.
You’ll need to hide all the extra items in a storage locker, closets, the attic, or the garage. It might be time to donate old things you don’t need to Goodwill or other charity.
If you really want to impress the buyers, get a professional to give your home a deep cleaning. You might also want to repaint rooms where the paint looks chipped.
Research the Real Estate Market
Check out the local prices of homes in your neighborhood. Conduct a full objective analysis. Essentially, you need to check out the recent sale prices of homes in your area. This will help you get a better idea of where to price your home.
During the second quarter of 2021, the average home sale price was $374,900 in the United States, according to The Ascent. The real estate market is a great investment, as home prices have grown by 16.2% from 2020 to 2021.
Nonetheless, you’ll need to pay attention to the home sale prices in your particular state and region when choosing your own home sale price. You can use the real estate websites Trulia or Zillow to find out this information.
Set a Realistic Home Sale Price
It can be complicated to set the right home sale price. For example, if you pick a low price, you could lose out on thousands of dollars from the sale. At the same time, if you set a very high price, you could turn off plenty of serious home buyers and spend months trying to sell your place before having to reduce the price.
Use the information you’ve gathered from your real estate market research to choose a realistic home sale price. With the right price, you will have more money in your pocket and sell your home more quickly.
Create Your Listing with a Detailed House Description
First and foremost, you’ll need to add photographs of the interior and exterior of your home when creating your listing. You may want to hire a professional photographer. Also, your house will need to be spic and span before taking any photos.
Your listing will need to include:
- The price
- The square footage of the property
- The location
- When your home was originally built
- The number of rooms
- The number of bedrooms and bathrooms
Don’t forget to outline the best parts of the home and any renovations. Did you get a new water heater or new kitchen cabinets? Add this information to your listing.
Advertise Your Real Estate Listing Online
Advertising and posting your real estate listing online is imperative. In 2017, 95% of all home buyers used online websites to search for a property, while only 15% used newspapers.
As such, you’ll need to post your real estate listing on websites like Redfin, Trulia, and Zillow. You might also want to sign up for the Multiple Listing Service, which costs $400 for a year of use. This is a common service that realtors use, which will get your listing out in front of many more home buyers.
Have an Open House
Once your home is officially for sale, and you posted your real estate listing online, it’s time to hold an open house. Before you do so, you may want to check out a couple of open houses in your area to see how they’re being held.
Create a sales sheet and make enough copies to give out to potential homebuyers who visit during the open house. Add some more information about the neighborhood and any amenities, especially if you have a condominium association that covers outdoor yard work and even has a gym for residents.
Be sure to schedule the open house for late morning or early afternoon on the weekends.
Consider Selling Your House to a Cash Buyer
If you need to sell your home very quickly, consider selling your property to a cash buyer or a cash-buying real estate investment company. These entities purchase your home in full without needing lenders.
This type of sale usually avoids home inspections, which will streamline the speed of your home sale. In fact, inspection problems are usually responsible for 16% of all closing delays.
Furthermore, if you sell to a cash buyer, you won’t need to hold an open house or even pursue multiple home showings.
Best of all, you won’t need to renovate your home or even undergo a deep cleaning. You can sell your place in an “as-is” condition. For a quick and simple home sale, choose a cash buyer.
Before You Go
If you want to sell your home “as-is” and you prefer a quick sale, then choose a cash buyer or real estate investment business. You can contact TheBestHouseBuyers by clicking here to sell your home and get a quick cash offer.