Are you considering selling your house without hiring a realtor?
It can be done!
You may be doing so because you’ve got extra time on your hands, a touch of real estate experience, or you don’t want to pay up that commission to the realtor. After all, realtors can make upwards of 6% per sale—so, $18,000 on a $300,000 house, for example. That’s a lot of money!
If you’ve got an incentive to consider selling without a realtor, then why not?
Just make sure you read the following tips first.
1. Utilize Online Platforms
Did you know that 43% of home buyers look at properties for sale online before they do anything else? That’s compared with 18% of buyers who contacted an agent first.
It’s safe to say the internet is your friend when it comes to selling your home. The first place people will look is online—apps like Zillow, Trulia, etc.—and if your home’s not listed there, it’s easy to overlook. While a sign in your yard is a good start, you’ll want to expand your reach and get more interested buyers.
Which brings us to our next point . . .
2. Consider Hiring a Photographer
Real estate photographers know how to make a house look warm, spacious, and inviting.
If you’re not much for photography, this step can take you far. High-quality photos stand out from the crowd, attracting the attention of more buyers. Blurry, dark, or otherwise poor images can give your home the wrong impression, causing potential buyers to skip over it.
Still not convinced?
The NAR reports that 25% of home buyers cite quality real estate photography as a major reason for their interest in a particular home.
3. Fix up What You Can
That same study also reported that 44% of home buyers don’t want to buy a home that requires updates, renovations, or major work.
What does this tell you?
If your home’s got significant wear and tear, outdated appliances, or other larger issues, you may want to consider fixing them first. Start with projects that promise a smart ROI, which you may be able to get back upon selling.
If you’re not willing to make improvements, you may want to consider the following choice.
4. Sell to Real Estate Investors
Chances are, there’s a local investor or two who buys houses in your area. These real estate investors can often buy a house quickly, in cash, and in any condition.
So, if you’re finding it hard to sell by owner—or you want to sell your home as-is and aren’t getting bites—this may be a viable option for you.
While these institutions typically pay less than you’d traditionally get, you’re paying for the convenience factor, too. This process happens fairly immediately, and you won’t have to deal with brokers, agents, and more.
Selling Without a Realtor? No Problem!
Undertaking the home-selling process on your own won’t be easy—but many find that the challenge pays off.
If you’ve got the time or the means to go through with selling without a realtor, we recommend it! Make sure to consider our tips above as you navigate the process.
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