When you sell your home, a significant amount of money is lost on closing costs. Hiring a real estate agent will probably be among the most expensive of these costs. On average, 5-6% commission has to be paid to the agent, after you sell your home. An expanding group of people now prefer to sell their home without a realtor. As the use of a realtor’s services is not obligated, you can pocket a lot of extra money this way.
You need to be very careful to avoid certain pitfalls, when you sell your home without a realtor. You’ll have to spend a significant amount of time doing research and being in contact with potential buyers. It’s a good idea to hire an attorney, who takes care of the legal issues for you, and a professional appraiser, to advise you on a reasonable asking price for your house.
In this week’s article, we will help you with this process and explain how to sell your home without a realtor.
Now that you don’t have a realtor to draw attention to your house, you need to take care of the advertising yourself. The good news is that this has become a lot easier over the past years because of the many possibilities the internet has created.
You might already have a Facebook or Twitter account that you regularly use. By letting your friends and followers know your house is for sale and asking them to share it, you can reach a lot of potential buyers. The good thing is that this is completely free.
You can also advertise your website on a single property listing site. This gives you the opportunity to present your house on a website in a comprehensive way with photos and in-depth information. You can be found by people using searching engines like Google or Yahoo. By putting up a sign rider at your house with the property site’s address on it or sharing it on social media, you’ll increase the amount of viewers even further.
It’s a very good idea to hire a professional photographer to capture your house in the best possible way. With stunning photos you will definitely draw more people in and this will easily make up for the cost of it.
The Multiple Listing Service is originally used by realtors to let other realtors know about the houses they have on offer. In recent years it has become more open to non-realtors, although not all options are available. It’s possible to list your house on the MLS without a realtor through ForSaleByOwner.com.
By using the MLS, you can get a lot of eyes on your property. It will show up on websites like Trulia and Zillow. It will be seen by potential home buyers as well as realtors, who can pass it on to their clients. If they are interested they will directly call you, so make sure you are always available to receive phone calls.
There are professional companies in the market to buy your house and pay cash. You won’t have to deal with a realtor this way and the whole process is very quick.
There’s a big difference when selling to a professional cash home buyer in contrast to selling to a private person. A professional buyer has experience with the process and knows how to make it as comfortable and smooth as possible. Most of them will have cash available to pay. A private person would probably have to apply for a mortgage first, which can take up a lot of precious time.
Another big advantage of a professional home buyer is that you can get an offer on your house right away. It only has to take one call to get an offer on your house and you’ll know right away where you stand. It saves you money and time on advertising.
If you like to know what a professional home buyer is willing to pay for your house, you just have to enter your name, phone number and email address in an online form. You will receive an open-ended offer within 24 hours. The good thing is that your house will be bought as-is, so you don’t have to worry about having to do any time consuming renovations.