How to Sell your House without a Realtor
You’re reading this article because you want to know how to sell your house without a realtor. The first thing that you have to know is it’s highly-recommended that you sell your house with the help of a realtor. This is especially true if this is your first time to sell a house. This is also true if you want to sell your house quickly and for top dollar.
Why Hire a Realtor
Here are some reasons why you should sell your house with a realtor:
- A good realtor will have a proven marketing plan in motion to help your listing gain maximum exposure.
- An experienced realtor can help you with the negotiations which always happen when selling a house.
- A trusted realtor can help you reach out to qualified buyers because of his established network.
- He can help you determine a good price – one that’s not too high or too low. This is with the help of his knowledge of the current real estate market.
These are just some of the reasons why it’s a good idea to hire a realtor. But if for any reason, you still want to sell your house without the help of a realtor, read on for a step by step guide.
Step by Step Guide
Here’s a step by step guide that can help you sell your home:
You’d need to market your home and you need to market it in the best way possible. This requires that you package your home in an attractive package. This is why staging the house is necessary.
You can start by de-cluttering your home and taking out personal effects. For a successful staging, there should be zero emotion involved. Think of your home as a product that you want to sell, and not as your home for the past decades. If you find it hard to do so, or you simply want your home to be staged in the best way possible, you can hire a professional.
- Hire a professional photographer or learn how to take incredibly good pictures yourself.
Your marketing efforts will require professional photographs. Without them, no one will be looking at your listing because there’s nothing to see there except text. You need to capture their attention and you need to make your listing stand out. The best way to do this is to use professional photographs that really bring out the beauty of your home.
- Hire an appraiser and home inspector.
As the homeowner, there are problems that you’re not aware of or problems that you don’t want to acknowledge. You need to take care of these problems before listing your home to improve the chances of your home getting sold. You need to know that buyers will have home inspectors with them so might as well beat them to the punch.
You also need to have your home appraised. This can help you set expectations so you can sell your home at a price that it deserves. Speaking of selling your home at a price that it deserves, you need to determine a price that’s just right. You can’t leave a lot of money on the table by pricing your home too low, and pricing it too high will leave your house unsold for a long time. This is why you need to hire an appraiser.
In addition, you should also learn about the current real estate market trends. A better understanding of these trends can help you price your home better.
- Market your house.
You need to reach out to as many potential buyers as possible. This means putting ads in newspapers which surprisingly is still effective, although not as effective as in the past. A sign in front of your house that says, “For Sale By Owner” is still necessary, but it’s more of a traditional thing because that’s generally done when a house is being sold. If you want the best way to market your house, you need to update these strategies.
Most of your focus should be on web-based marketing. This is the quickest way to reach out to a lot of potential buyers and it’s one of the most effective strategies out there as well. Most of your potential buyers are online. Doesn’t it make sense to be where they are? Besides, most of the best realtors use web-based marketing techniques.
There are a lot of For Sale By Owner sites that allow you to list your house for free or for a fee to take advantage of certain features. Speaking of paying a fee, if you’re willing to pay, you should pay a flat fee to the MLS or Multiple Listing Service so you’ll be a part of the database used by real estate agents.
Of course, you can’t afford not to do social media marketing especially since most of your potential buyers are on social media. Share your listing on social media sites like Facebook and Twitter.
- Protect yourself by hiring a lawyer.
If you insist on selling the house yourself, you need to protect yourself from possible legal implications and you can do this by hiring a lawyer. Since a lot of money will be handled in the buying and selling of a home, it makes sense to hire a lawyer so your interests can be protected and so that you won’t do something that’s illegal.
In addition, you can expect a lot of negotiations. You also need to do a lot of paperwork. By having a lawyer at your side, you can protect yourself. Besides, most buyers will have their own lawyer anyway, so you should have yours when negotiating and settling.
- Listen to offers, negotiate and settle.
If you did well in the steps listed above, you’ll get several offers. Learn how to weed out the bad offers from the good so you can focus your time and effort dealing with the good offers. You can expect negotiations so have your lawyer ready until you’re ready to settle.
As a tip, it’s a good idea to look for a pre-approval from buyers. This ensures that they’re really serious and that they have the means to purchase.
If you’re confident enough that you can do the steps above, go ahead, but always remember that hiring an experienced realtor is always recommended. You can get the best deal by doing so and it can make the process quicker and easier. This is helpful if you need to sell your home quickly. Besides, you don’t have to worry about payment anyway because you can easily find a realtor who’ll just get paid once he has sold the property so take advantage of that. But if you still insist, just follow the tips listed above.