If you are thinking of selling your home and want to keep expenses to a minimum, one of the ways is to remove a real estate agent from the equation. If you sell your house without an agent, you can save up to 6% in commissions. For a home of $300,000, this represents about $18,000. However, before choosing this option, keep in mind that it is a difficult process. You should invest a lot of time doing the job that the agent would usually do, which includes everything from showing your home and promoting it to negotiating the final price.
Keep in mind that you must also take care of all the legal and financial procedures, a task that can be overwhelming. (It’s probably a good idea to hire a lawyer to help you with that). There are also several websites that can help you through the steps of the process. Considering all this, if you are still determined to sell your home on your own, here are helpful tips to start.
Most people consider that their house is worth more than it really is worth. It is recommended to put emotions aside and setting a price based on concrete data. Online price calculators such as Zillow Zestimate can offer an estimated value of your home based on factors such as the square footage, the number of rooms and bathrooms, and the location of your home. You can also hire an appraiser to get an estimated figure. Michael Malkasian, a real estate advertising company, recommends leaving that as a last option, since he will have to pay about $400 for the valuation, and the buyer’s bank will make its own valuation anyway.
Before, the only option was to put a sign in front of your house and be optimistic. Currently, there are more alternatives. To reach more people, consider signing up for the Multiple Listing Service (MLS), used by real estate brokers. The cost is around $ 400 per year, and you can do it through a lot of websites.
When you publish your home, include photos of your exterior and interior. It is advisable to hire a professional photographer so that the photographs are as attractive as possible. The notice should include basic information, such as the price, location, age of the home and the number of rooms, bedrooms, and bathrooms. However, underlining any improvement is also recommended, such as a new roof or a water heater.
Do not be disappointed if there are no offers during the first day of the Open House when you open it to the public. Re-evaluate the requested price, update your advertising material and make sure your home is well-publicized in case no buyer has come.
Many home sellers do not understand that they have other options besides using a full-service agent to sell their homes or sell them on their own. Some agents offer limited services that can help you with particular aspects of home sales.