Sell Your Home without a Realtor

Selling a home can be a challenging and frustrating thing to do. First off, buying your dream house is a big achievement. It’s a dream for many to own a home, considering it’s a life time investment. When it comes to selling your home, the first thing most people do is to consult a real estate agent.

A real estate agent might be able to get you potential home buyers in a short time, but you need to keep in mind that the buyer will charge a commission.  Some real estate agents charge a commission of up to 2% while some charge as high as 7%. Keeping that in mind, most home owners consider selling a home on their own.

To have a better understanding on how to sell your home, we need to know what exactly real estate agents do.

What Do Real Estate Agents Do?

1. They List your home on Multiple Listing Services
2. They use fliers and other advertisement methods
3. They host open house events to show people your home
4. They help you with the legalities involved in closing a deal

Now that we have an idea on what real estate agents do, we can work on how to sell a home without a real estate agent.

Sell Your Home on Your Own

1. Price your home: Estimating the worth of your home is the most important thing to begin with. You don’t want to price your home too high and don’t want to price it too low. There are a number of things you could do to estimate the price of your home. You can also call in an on-site inspection to get an instant offer on how much your home is worth. If you agree to their price, you could sell your home fast. You can also place your home’s details on multiple listing sites. Using social media is not a bad idea either.
2. Market your home to sell fast: In order to get potential buyers, you need to market your home well. You need to make sure you have good pictures of your home. Hire a professional photographer to take pictures of your home. The first thing buyers will look out for is the image of your home. You can market your home and get potential buyers from sites like OLX. To advertise your home, you can use local newspapers or place a “For sale” sign outside your home.
3. Hold an Open House: You need to reach out to as many people as you can. You could use local pubs or restaurants to place an advertisement for your open house. Offer some light refreshments and hand out brochures to help sell your home.
4. Know Your Home’s Selling Points: It’s important to know the key selling points of your home. Many buyers that come to see your home will try and point issues with your home. It can be frustrating getting a negative feedback of your home. Hence you need to know the key points to make a good stand on the value of your home.
5. Negotiate Properly: Make sure you are flexible with the price of your home. Don’t go to low and don’t go too high. You need to keep a balance and don’t let the potential buyer go if his or her offer is good.

These are a few ways you could save the cost on commission. You can buy a home at a good price since you don’t need to keep a margin for real estate commission. You need to be patient when selling a home. Be prepared that it could take time for you to be able to sell your home.