Published October 8, 2021
How to Sell Your House Without a Realtor
Are you looking for a way to save money on the sale price of your house? If so, you might be thinking about selling your house without a realtor. If you decide to hire a traditional real estate agent to help you sell your house, you will have to pay the agent's commission. The average commission for a real estate agent is between 2.5 percent and 3 percent, and this could be thousands of dollars that are taken out of your pocket and given to the real estate agent as a payment for his or her services. If you can find a way to sell your house without a real estate agent, you may be able to put more of that money into your own pocket.
If you would like to sell your house without a real estate agent, there are several steps you need to follow.
Do Your Research First
If you would like to sell your house without the help of a real estate agent, the first thing you need to do is do some research on the local market. You need to figure out what similar houses in your area are selling for. This will help you price your house appropriately.
If you price your house too high, you may scare off potential buyers. On the other hand, if you price your house too low, you could leave money on the table. There are numerous factors that will influence the price of houses in your area. This includes the age of the home, the school district, and the size of the house. Take all of these factors into account when you are looking at comparable homes in your area.
Get Your House Ready for Showings
Next, you need to get your house ready for showings. A few important tips include:
- Make sure you take care of the landscaping in the front yard, as there is never a second chance to make a first impression.
- You may want to give the walls a fresh coat of paint to cover up any scratches or dents.
- Always put away personal items to make it easier for people to imagine what their life might be like in your home.
- Make sure you clean up any clutter that might be present in your home.
You may want to hire a professional cleaning service to remove stains from the carpet, clean the appliances, and do some dusting.
Hire a Photographer
Before you start showings, you should hire a professional photographer who can come and take professional photos of your home. A lot of people start their housing search on the internet, and you need to showcase the best features of your home. A professional photographer can help you do exactly that. Then, you can publish a few pictures online to drum up interest in your home.
Publish the Listing and Negotiate
Now, you're ready to list your home. If you sell your home on your own, you will not receive access to the MLS; however, there are other locations where you can post your listing. For example, you may be able to access a package that gives you access to the MLS, or you may be able to publish the listing on a third-party site.
As people come and take a look at your home, they make offers. You need to take a look at the offers carefully to decide which one you want to take. Some people may offer cash, which might mean you get to walk away with more money. Other people may ask you to do a few repairs as a part of the offer.
Think carefully about which offer you want to accept. Consider the earnest money, any repair contingencies, and whether the buyer requires financing or has been pre-qualified for a mortgage.
Close on the Sale
Finally, once you have accepted a deal, you need to close on the sale. It can be intimidating to go through all the paperwork without the help of an agent. For this reason, you may need to work with a real estate attorney who can walk you through this process. Depending on the regulations in your state, you may be required to work for the closing attorney. That way, you know you have filled out all the paperwork properly.