Homeowners may choose to sell their homes without enlisting the assistance of a real estate agent. Let’s take a closer look at how to sell a house without a real estate agent.
🕵️♀️ Research the Market
Before you can set the correct asking price on your home, you’ll need to research the local real estate market. Start by making a list of the sale prices of recently sold homes in your neighborhood that are similar to your property.
Get a free home valuation report to find out how much your home is worth. Keep in mind that this report does not take things into account like upgrades you’ve made, recently sold homes, and current market trends. To get a more comprehensive report, you’ll want to consult with a real estate agent.
💵 Determine the Sale Price
Setting the asking price correctly from the beginning is essential for a successful sale. Once you’ve done the proper research and determined the property’s value, you can choose a price that makes sense for the location.
Setting the asking price too low can be just as bad as setting it too high. A low price may bring in a buyer but it could cause you to lose a great deal of money on your investment.
👉 RL Real Estate
📰 Market the Home
Sellers can advertise their homes as for sale by owner (FSBO). Such advertisements can be placed in local newspapers, magazines, and real estate websites. Signs can also be strategically placed in the front yard and neighboring street corners.
In addition, sellers can create flyers with details about the home and attractive pictures of the interior. These flyers can be given to friends and family members. Home advertisements can also be posted on area bulletin boards at the local city hall, courthouse, and anywhere else that businesses will allow.
💲 Negotiate Price with Buyer
🏘️ Selling the Home
After the offer is accepted, an appraisal and necessary inspections will be scheduled by the lender. If issues arise after the appraisal or inspections, you may need to revisit the neotiations table to work through the problems and find solutions that work for both parties.
Once the final offer is accepted and paperwork is complete, you’ll want to set up the closing day and proceed with the legal requirements for selling the home. Again, without the assitance of a real estate agent, you’ll want to make sure you understand the legal aspects clearly. You may want to speak with an attorney while you’re learning how to sell a house without a real estate agent.