One of the most significant investments most people ever make is a house. When it comes time to sell, you may find yourself asking, “How can I sell my own home?”
Some people think that selling their home without a real estate agent will save them money. While this isn’t always the case, we can offer you some insight into the process of selling your own home.
🤔 What does a real estate agent do?
Essentially, a real estate agent performs the following tasks for a commission;
- Lists properties on the Multiple Listing Service (MLS).
- Facilitates home showings and hosts ‘open house’ events.
- Markets home sales with flyers, advertisements, and a website.
- Acts as an intermediary during negotiations and accompanies you to the closing.
💵 Price Your Home Competitively
Since your goal is to sell your home, ensure that the asking price is realistic. Don’t fall into that trap of overpricing your property with the hope that it will bring in higher offers.
📱 Contact RL Real Estate Group
📰 Advertise Your Property
Popular ways to market your house for sale include:
- Place a For Sale sign in the yard.
- Build a website for marketing.
- Create brochures to hand out.
- Advertise in newspapers and online.
It’s important to consider that some of these will cost money, and you should think about that in contrast to paying a real estate agent’s commission. In addition to paying money for these things, you’ll have to spend time on marketing.
🛋️ Prepare for Showings
Prepare your home for private showings and open houses by staging your home so that it appeals to a broad range of buyers. Hire a professional stager who can help make the most of your home’s space and high points.
Keep in mind that a real estate agent has plenty of experience knowing what appeals ot buyers in your area. By selling your own home, you may need to pay a stager for their professional skills and furniture items.
🚪 Organize an Open House
You can market your home by holding an open house and inviting potential buyers to tour the home. Place some signs around the neighborhood and run an ad in the newspaper.
Prepare light refreshments, have some brochures handy, and be ready to answer lots of questions. When you have a real estate agent, you don’t need to be present for such things and they handle all the questions.
💪 Highlight Home’s Strong Points
🤝 Prepare for Negotiations
In real estate negotiations, a contract is submitted to the seller which they can either accept or revise before submitting to the buyer. This continues until both parties sign the final contract.
If you are unfamiliar with the contract, you can either submit it to an attorney for review or hire a real estate agent to assist you with this part for a flat fee. Since this is one of the most important steps in the home selling process, you want to be sure to know the legal side of contracts.
Get in touch with RL Real Estate Group today!
Call us at 605-212-8431.
You can also text us!