Some people might not even know that it is possible to sell your house without a realtor. It has rather become one of the most trending things in the real estate market. Due to the highest technology and successful home sale websites that allow you to sell your home without a realtor, this dream has become a reality.
The homeowners need to know that after doing some research on how to use free online tools and contacting the potential buyers who are looking for home listings, you can know How to sell your house without a realtor and save a significant amount of commission.
Selling a home without a realtor surely needs a third party to make the transaction accessible and legal. But this allows significant savings by scrapping the commission. Selling without a realtor will need you to put in more effort and time. You might also have to gather a lot of information about your home. You will have to jot down a list of your home details that buyers may be interested in such as which year the house was built, what is its size, what is the condition of the home, and more.
Selling a home without a realtor
One of the biggest challenges or obstructions in selling your home without a Realtor is how to get your house listed on MLS or the Multiple Listing Service. This is crucial for getting maximum exposure and allowing millions of people to view your listing on popular real estate sites such as Zillow, Realtor.com, Redfin, etc.
Also, you need to know the process of How to sell your house without a realtor and must have the time to manage everything on your own. The things like negotiating with buyers, how to market your home, and more need your time and attention. Selling a house without a realtor will require you to arrange the property disclosure form, listing paperwork, prepare a sales contract, utility bills like electricity, gas, and water bills, property tax information, home inspection certificate, etc.
How to sell your house without a realtor?
Coming back to the big question – How to sell your house without a realtor? You can sell your home yourself by using free online tools and looking for the best ways to amplify your home’s exposure. The ways to sell your home yourself include the following.
Schedule a home inspection
A pre-sale home inspection is a wise investment. A detailed inspection report will help you know structural or mechanical problems in your home. You need to know the condition of your home well before listing your home for sale. It will surely cost you some money, but it will alert you in advance about what the buyers might bring up when they visit your property. To speed up the selling process, the sellers may consider doing some repairs and allow their become fit to be sold and that too, quickly.
It is essential to know that the upgrades you make may offer you a high return. But do invest too much in getting unnecessary upgrades. Home improvements may not be necessary to sell your home at a bigger amount. Just consider repairing the damages. The updates in the kitchen and bathrooms offer the highest return on investment.
Click professional pictures
It is imperative to schedule a photographer so that impressive photos of your home can be clicked. Professional photographers use a high-resolution camera to capture beautiful photos. This maximizes your home’s appeal and creates a big difference between a quick sale and a lethargic sale. Many real estate agents have tie-ups with professional photographers. The fee for professional photography depends on the size of your home, the number of pictures needed, how long it takes to shoot your home, etc. A professional photographer can make your home appear bigger and more attractive.
Advertise your home
Your home has to show online. Consider listing your home on sites like Houzeo. This is an essential thing to do. As per Houzeo reviews, the company is best known for providing maximum exposure to the client’s property. They will put your house on the MLS as well as on other popular real estate websites like Zillow, Trulia, Realtor.com, Redfin, etc.
Stage your home
Staging a home will involve removing excess furniture and decluttering personal belongings from the home. You can also consider investing in a professional stager who can help your home stand out.
Set a realistic price
The buyers do not want to pay more than what the competition is offering. So, it is important to get the right price for the home. If you quote a higher amount than your home deserves, it will keep sitting on the MLS and the house will never sell. If you quote a lower amount than the fair home’s value, then it will cause you a big financial dent.
To price your home right, research your neighborhoods and compare. Use data sheets that house similar properties in the same area. This way, you will get an idea that how much are those homes selling for.
Review and negotiate
Now when the buyers see your listing and they start contacting you, you will have to evaluate multiple bids. When you receive an offer, then compare the choices. You can then accept the offer, make a counteroffer, or reject the offer. Feel free to negotiate on terms and price. These are made in writing and allow a short timeframe of 48 hours. Though it is the best idea to go with the highest bid also consider factors like form of payment, type of financing, the amount of the down payment, closing date, etc.
Arrange necessary paperwork
There is a lot of paperwork involved in selling the house. Getting the proper documents for a home sale is imperative. You need to organize all of them so that things proceed more quickly. Some of the documents that you will need are your home’s original buying contract, property survey and certificate of occupancy, certificates of compliance with local guidelines, mortgage documents, property tax papers, insurance documents, home inspection reports, and more.
Because of the paperwork complication and many other issues due to the lack of assistance, most homeowners prefer hiring an agent. If you don’t want to spend much, you can consider hiring a discount agent. They work at a lesser price compared to traditional agents. MLS Flat fee listing is another option where you get realtor-like services at a fixed fee. Houzeo can help you in this regard. As per several Houzeo reviews, many home sellers were able to sell their homes quickly without needing to pay the realtor.