Do you really need a real estate agent to market your home to sell?
With real estate agents commission going high, selling your house through an agent will need you to give a lot of money in commission.
On the other hand, selling your home by yourself is hard work. It demands time, energy, and sufficient market knowledge. However, it isn’t something impossible to achieve. Following a few simple steps systematically can help you achieve success in selling your home without the need for an estate agent.
Let’s take a look at the 5 simple steps to sell your house yourself.
Step 1: Determine The Fair Market Value
Before doing anything else, first, it’s important to know what the actual value of your house is. There are different ways to determine the value of your property. You can use online real estate value sites, get a property valuation from a real estate agent, or hire a licensed appraiser.
You need to get this step right. Since if you price the house too low, you won’t be able to sell it at its real value. And if you price is too high, chances are you won’t be able to sell it for months.
Step 2: Prepare The Home For Sale
It’s necessary to get your home into a “salable” condition before you market it to sell. Unless your home is in an impeccable condition, here are some improvements you might want to make.
Step 3: Advertise Your Home
There many ways how you can advertise your home by yourself. These include advertising in magazines, websites, distributing flyers, and others.
Regardless of what method you choose, don’t forget to add several photos, of both the interior and exterior of your property. Moreover, make sure to give a precise description of your house and all the amenities included.
Step 4: Negotiate The Sale
Once you have advertised your home through different mediums, you will soon start getting responses from interested buyers. And since you are not using a real estate agent, you will have to negotiate with potential buyers yourself.
This is a step where you will have to go back and forth. Buyers may not come down on the price, so you have to decide exactly how low you are willing to go. For that, you need to be very sure about the actual value of your property before you accept the offer.
Step 5: Handle The Closing
Once you have finalized the deal verbally, you need to take the assistance of an attorney to handle all the legal affairs. You need to be sure that the buyer accepts all the terms and conditions of the sales agreement.
Nonetheless, in the process, there might be some points of contention, but good communication can bring you through them.