Can you sell your home without hiring an agent?
In this information-packed world, it is possible to sell home without involving a high-priced agent. Imagine saving $5,000, $10,000 or even $20,000 on your home sale. Selling home by owner is considered no walk in the park, but if you look at the savings, it’s surely worth the effort to sell a home by owner. In this article, you’ll read:
- How to sell a home without a realtor?
- Step by step ways to sell a home without a realtor
- How can you get your home listed on MLS?
- How to sell home fast within days?
Steps to Sell a House Without an Agent
Before you create a “to-do-list,” let’s first analyze the role of a Real Estate agent. First and foremost, a realtor guides you regarding the pricing structure in the area. He will help you price the house.
The next step is to prepare your home for sale. Paperwork, house showings, and negotiations follow this step.
You need to use the same approach when you sell a home by owner.
Price Your House (Right)
Finding the right price is the most crucial step in the process. You don’t want to price the property too high, and you also don’t want to leave money on the table. Consider doing a comparable price analysis. Get the list of recently sold homes in your area. Look for homes that are similar to yours and check out their price models. You can price your home within 5%-10% of the price of those houses. You can also take an average of numbers to come up with the right price.
Prepare Your Home for Sale
It’s not possible to sell a house as-is in the retail market. You’ll need to renovate the house and make sure it meets customer expectations. That might require making updates to the exterior as well as the interior. Don’t overdo the renovations. Take care of the basics, ensure that the house is functional and then focus on the cosmetic makeover.
Get the Paperwork
Make a file and collect all the documents related to the house. You should have records of building permits, mortgage payments, recent renovations, tax slips, and other financial documents. At this stage, it is essential to hire a real estate attorney. He can provide you with the necessary forms and will guide you regarding the clauses required in your area.
Flat Fee MLS
Your home is ready. You have the necessary papers. Now it’s time to get the property listed on MLS. Search for “flat fee MLS + your city.”
Go with a reputable site that can get your home listed on the MLS. Such websites also provide limited realtor services for a fraction of the original cost. If you need help, you can also consult such services.
You don’t make any money unless you sell the house. Don’t rely on MLS only. You’ll need to market the home yourself. Everyone in your circle should know that you’re selling a house. Word of mouth marketing is often the best tool.
You can also use Social media marketing, yard signs, marketing brochures, and open house even to attract sellers. Open houses provide exposure but don’t arrange one if you’re not entirely comfortable with the idea.
Negotiations & Closing
Work closely with a title agent or a title company. You’ll need their services for closing the deal. Since you’re not working with an agent, you’ll need to tackle the negotiations and showings yourself. However, since it is your home, you can confidently talk about the pros & cons of the house.
It’s possible to sell a house fast within days
Selling house by owner is a rewarding task, but It requires both time & money. If you’re short on time or you cannot spend money renovating the house, you can consult a reputable real estate solutions company in Utah. The firm can purchase your home as-is for a cash price within days. You’ll get a fair cash price so that it’s a win-win situation for everyone involved.