BiggerPockets

Tips To Selling Real Estate Without A Realtor

If you have decided to sell your home, there are a number of things you are going to want to take into consideration. How much can you get for your home, are you going to have to fix things up, and how can you inform people of your home are just a few things to consider. However, something you will need to think about when selling real estate is whether or not to use a realtor.

The downside to selling your home using a realtor is that you have to pay a commission to them. This can be quite costly based off of a 5 to 10 percent commission. However, by using a realtor it becomes hassle free as the realtor will do all of the hard work for you. In addition, they will provide a marketplace for your house so that hundreds of potential buyers can find your home.

If you are looking to pocket that extra cash, you will have to do the grunt work. Just know that it can save you thousands of dollars in the long run though. So if this is the route you have chosen to take, your first step is pricing your home accordingly.

You do not want to put an unrealistic price on your home just because you remodeled various things and added some accessories. You have to understand that your home is not worth more than the market value of comparable homes in your neighborhood.

The next step to selling real estate is hiring an inspector to point out any problems in the house. Any potential buyer is going to do the same thing. Therefore, take proactive steps to determine what problems the home has so you can fix them before a potential buyer finds them. Taking care of small things like electrical wiring issues and fixing leaking faucets can be done immediately.

In order to actually sell your home, you are going to have to use several different marketing methods. You can use paid web sites that allow you to list your house with pictures and details. Another option is classified ads in your local newspaper, Craigslist, or specialty publications for real estate buy and sell. Lastly, do not forget about word-of-mouth. You can spread the word quickly to friends, family and co-workers.

Finally, when you are ready to close the deal make sure you use a title company. A title company will make sure that all legal entities get all of the legal papers of your house sale. In addition, a title company will make sure all of the legalities of selling real estate are accomplished. Once you have done this, you will have sold your home without the use of a Realtor.

Comments

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  Kerry Vaught — 3 months ago

  Great response to this article Albert, I could have said it better myself.

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  Kerry Vaught — 3 months ago

  Great response to this article Albert, I could have said it better myself.

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  Albert Shaw — about 2 years ago

  great article seller financing is new realestate according to some of the most successful including donald trump who said"seller financing is the way to go just like it did in the 80S"when intrest rates were so high the people cut out the banks.The other way to sell is with a "finder" create a note with seller finance and sell it to the invester useing the "finder" to help with the process