Top 5 Tips For Selling Your Home Without a Real Estate Agent
Have you been considering selling your home without the help of a qualified real estate agent?
Getting rid of a realtor can help you save upwards of 6% on commissions. If you sell your home for $300,00, for example, a real estate agent would likely take around $18,000.
Plus, according to the National Association of Realtors, houses with the “for sale by owner” label tend to sell much quicker compared to those with real estate agents attached to them.
Let’s take a look at 5 tips that you should keep in mind if you ultimately decide to sell your home without an agent.
Be Realistic With Your Price
One of the biggest mistakes that you can make when selling a home is thinking that it is worth more than it actually is. You must put your emotions aside and sell your home based on the data you see.
You can choose to use tools like Zillow’s Zestimate, an online price calculator, to give yourself a good estimation of your home’s value based on a few objective factors, including the number of bedrooms and bathrooms, the square footage, the location, etc.
In the ancient days of real estate, all you needed to do to sell your home was to hammer a giant sign in the front yard labeling it for sale. However, there are a few more options in today’s climate.
Most homebuyers search for homes online. The benefit of having an agent is that he or she will list it on their website, as well as other websites like Zillow or Trulia.
If you are planning on doing this yourself, you may want to consider using a Multiple Listing Service so that you can promote your home on sites like FSBO, EntryOnly, and Owners.
Write a Detailed Description
When you list your home, make sure to include interior and exterior photos. You will also want to make sure that you either take professional photos yourself or hire someone to do it for you.
Your listing should include necessary information, such as the price, the age of the home, the location, the amenities, and more.
Make sure to highlight any improvements that you have made as well.
If your first open house doesn’t lead to any offers, do not be discouraged. Check your asking price and see if you’re being honest with yourself. Make sure you are listed in as many places as possible. Revisit your description to make sure that all of the right information is there.
Consider Limited Services
Many people don’t realize that many agents offer limited services. You might want to have an agent go over your purchase contract for you or give you a market analysis. Some will even help you negotiate any sales details.
Of course, you will have to spend some money to do this, but it’s far less than the commission.
When all is said and done, there is always the option of selling to National Cash Offer. We make the buying process easy and can help you sell your home in as little as two weeks!