Real estate agents play a vital role in selling your home, however, you may decide that you don’t want their services when selling your home. Selling your home without real estate is possible but may be difficult especially if you don’t have any prior selling experience.
The real estate industry is more favorable to buyers because they have more options. This is why selling your home by yourself isn’t always a good idea unless you have a buyer who’s ready or you have experience selling a house before.
But for homeowners who want to sell their homes by themselves regardless of the odds, this article is for you. Here you’ll learn how to pull off the sale of your house without a real estate agent.
How to sell your house without a realtor
- Determine how much your home is worth
The first thing you want to do is determine the value of your home. When doing this, you need to be realistic. Setting the price of your home higher than it’s worth will only make your house stay longer on the market. To determine the right value of your home, work with a realtor who can help you price your home based on:
- Your local market
- Your home’s features and upgrades
- The sales of homes in your area
Setting your home at the right price will attract more potential and interested buyers.
- Prep your home for sale
Most buyers are not always in a haste to buy a house, they take their time to choose the house that meets their needs and suit their preference. If your home is ready for sale, then you have a higher chance of getting it sold. To prepare your home for sale, these are things you should do:
- Get a pre-inspection
- Make necessary repairs
- Make worthwhile improvements
- Consider staging your home
- Improve your curb appeal
- Market your home
If you want to get buyers for your house, you must market your home. You can’t sit around and wait for buyers to show up at your door. To better market your home is to list your home on the multiple listing service and invest in professional photography.
This will help attract buyers’ attention to your house and get your house sold fast.
- Negotiate offers
You’ll need to negotiate the price and terms you want to sell your house with the buyer and their agent. You also need to negotiate the closing date, contingencies, and concessions that the buyer asks for.
The negotiating process can be difficult for sellers trying to sell without a realtor especially if the buyer is working with a real estate agent. To have an upper hand at the negotiation table, you need to gather more interest in your home.
- Accept an offer and complete the closing paperwork
After agreeing with the buyer, you go ahead and sign the purchase agreement and carry out your side of the bargain. First, you need to provide the buyer with the compulsory documents such as your HOA agreement. You also need to permit the buyers to carry out an appraisal of your home. Some paperwork you’ll be needing for the transaction includes:
- Your sales contract (documenting the chain of ownership from the previous owner to you)
- Property survey (illustrating the legal boundaries of your property)
- Certificate of compliance with local property laws
- Mortgage documents (including your latest mortgage statement and payoff amount form)
- Tax records and final tax statement
- Pre-inspection and/or appraisal reports
- Comparative market analysis
- Title report
While filling out this paperwork, ensure you make no mistakes as it can affect the sale of your house and cause disagreement between you and the buyer.
Conclusion
Selling your house without a realtor can be difficult, but you can pull it off if you follow these guidelines. Alternatively, you can sell to a cash house buyer. If you’re looking to sell your house fast Birmingham, you can sell to us at Chase Pays Cash For Houses. We’re cash house buyers and we buy houses at the best price. You work with us directly without having to pay any realtor fee.
Contact us today to learn more about our services!