Selling your house without a realtor is know as FSBO (for sale by owner) in the real estate industry. It has always been a thing, so if you decide to sell your home without a realtor, you’re not doing anything wrong. It simply means you won’t be hiring a real estate agent to handle the transaction and closing of the sale of your home.
Many homeowners do this to avoid paying realtors fee which is out of the closing cost. This article is for you, if you’re looking to sell your home without a realtor. Continue reading to learn more:
How to sell your home without a realtor
Here’s a guide on how to sell your home FSBO without a realtor:
- Prepare your home
To prepare your house for sale, here are a few things you must do:
- Declutter and depersonalize
- Spruce up your curb appeal
- Fix any outstanding issues (this means making renovations or repairs where necessary)
- Collect necessary documents for home sale, like tax records, permits and warranties, utility bills, and homeowners association documents
- Take compelling photographs for your listing
- Research a listing price
One reason why most houses spend a long time on the market is due to wrong pricing. Since you’re inexperienced in selling a house, you want to research how the experts list prices for houses in your area. While making your research, you’ll want to consider things like the following before listing your price:
- Number of bedrooms and bathrooms
- Square footage and lot size
- Home type (single-family, duplex, etc.)
- Amenities (pool, backyard office, etc.)
- Create a listing
After you’ve decided the price you want to sell your house, the next step is to put your home on the market. To do this, you need to list your home on the the MLS (multiple listing service) so that it can reach a large audience. To add your list to the MLS, you’ll be required to pay fee between $100 to $400.
- Market your listing
There’s more to listing your home on the MLS, you need to do extra work. You can go the traditional way which include erecting a a for sale sign in from your house or posting your house on your social media handles. Also, tell someone to tell someone that you have a house ready for sale; you never can tell if your buyer will get wind of the word.
- Show your home
Opening your home for showing is another way to attract potential buyers. It helps buyers connect with your home on a personal level other than what they see online. Buyers will be able to see your house firsthand and determine if that’s where they’ll love to live with their family. During showings, ensure your house is clean and everything is in order. Let your house have a receptive impression has it might convince your potential buyers to decide on buying.
- When an offer comes in, negotiate a deal
Selling your home doesn’t always have to be about making the most profit. When an offer comes in, you must consider the terms and conditions of the offer to know if it’s in your favor. It’s better to choose an offer with better terms than an offer with difficult terms. Be smart at the negotiation table; it will help you close the sale of your house for a better deal.
- Close
Closing the sale of your house may take longer than you expect; sometimes it runs into months. In order to not mess up the deal at closing stage, you can hire a real estate attorney to help and guide you through the process.
Conclusion
You can sell your house without a realtor using this guide and at the same time you can sell to a cash house buyer. A reliable cash house buyer will buy your home and close the sale as fast as possible. At Chase Pays Cash For Houses, we buy houses in Birmingham. If you’re looking to sell my house fast Alabama, we at Chase Pays Cash For Houses are your best choice. You can count on us to offer the best price for your home and the close the sale in record time.