Are you a homeowner who desires to sell your house by yourself? It will certainly require you to do some research before you begin the process, and you may find that it’s not an easy road to travel.

According to national statistics, more than 80% of homeowners return to real estate agent after a failed attempt to sell their homes by themselves. It is not surprising to hear this because real estate agents go through a lot of legwork prior to getting a home sold.

We understand that what motivates a majority of homeowners when it comes to choosing the for sale by owner option is the idea of saving on the commission typically paid to a real estate agent. We want to provide you with a guide on how you can go about selling your home should you choose to handle the home selling process yourself.

🏠 Get Your Home Market Ready

It is essential to prepare your home for sale by fixing major issues that can cause buyers to avoid your home. You’ll want to take care of any carpet stains, damage done by pets, yard issues, and unpleasant odors.

It’s common to stage a home before selling to make sure it appeals to a broad range of buyers and is appealing. Start with overall curb appeal and move on to making sure the inside of the home is ready for showings.

πŸ’° How Much is Your Home Worth?

Many β€˜for sale by owners’ fail to sell homes on their own due to the improper pricing of their property. Due to the importance of setting the asking price right the first time, it’s a good idea to consult an experienced real estate agent who understands real estate market trends.

Zillow’s Zestimate pricing tool is popular but it doesn’t give an accurate determination when it comes to a home’s value. It’s better to connect with a local real estate agent who understands the local market and can offer you a comprehensive home value report.

πŸ”Ž Order a Pre-sale Home Inspection

Getting a pre-sale home inspection carried out on your home prior to sale is essential because it can save you time and money in the long run should issues arise that you were unaware of prior to the sale. A licensed professional comes in to inspect the property, systems, and structural elements before offering you a report that lets you know which areas need attention.

πŸ‘‰SUGGESTED READING: For Sale by Owner Tips

There may be some issues listed in the report that are beyond your ability to repair. You can take this into account when setting the asking price and negotiating with potential buyers, but it’s best to repair anything that could impact the value of your home.

man making repairs to floor

✨ Highlight Features & Amenities

Emphasize your property’s strong points to prospective buyers. You can provide information on the local school district, neighborhood, nearby stores, and restaurants.

You can also design marketing materials like brochures and flyers to give potential buyers. Use professional photographs and compelling property descriptions to project the strong features of your home.

β˜€οΈ When to Sell Your Home

Timing is an important factor to consider when selling a property on your own. Most buyers prefer buying homes in warmer weather, so consider selling your home in the spring as statistics have revealed that most homes are sold in the months of April, May, and June.

house surrounded by green trees

πŸ“° Advertising Your Home for Sale

Besides putting a sign up in the yard, it is advisable to advertise the sale in multiple places, and most importantly, let everyone know you are selling. You can join an established network of contacts, including social media, to advertise your home.

πŸ™‹ Showings & Open Houses

The hope is that the advertisements you place will create interest and have people wanting to attend open houses and private showings. Set up several open house dates and make sure that your home is staged and ready for company.

house with open house sign

🏦 Financing & Closing

You will be doing the work of an estate agent by receiving a pre-approval letter from the buyer that shows they have the ability to follow through on the sale. You’ll also want to make sure all the legal aspects are covered. It’s a good idea to have an attorney look over all contracts before closing day.

We would love to help you sell your home! Call the RL Real Estate Group today at 605-212-8431 or reach out to us here!
For Sale By Owner Guide
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For Sale By Owner Guide
Are you a homeowner who desires to sell your house by yourself? It will certainly require you to do some research before you begin the process, and you may find that it's not an easy road to travel.
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RL Real Estate Group
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