When you sell your home, it’s natural to want to get the highest return on your investment at the closing table. For that and other reasons, some intrepid homeowners prefer selling their house without a Realtor.
Known as a “for sale by owner,” or FSBO, listing, selling a house without a Realtor requires time and your effort.
A FSBO can lead to huge savings when you eliminate the typical 6 percent commission fee for real estate agents. On a $300,000 home, that could add up to $18,000 in savings.
Homeowners who are wondering how to sell a house by owner should understand that it’s a learning process. After all, selling a home isn’t something people do every day. Preparing for what’s ahead will help you net the most money at closing and keep your stress to a minimum.
Here’s a primer on how to sell a house by owner.
Pros and cons of selling a house without a Realtor
There definitely are advantages and disadvantages to selling a house without a Realtor. Here are a few of them:
Pros
Save on commission fees: You’ll keep more of your profits after closing because you won’t have to shell out money for a Realtor’s commission fee, which can average 6 percent of the home’s sales price. Maintain control over the situation: You have no middleman in your dealings with buyers and/or their agents, which can sometimes complicate things. You choose what offers to consider and how to market your home.
Cons
Requires time and patience: Selling a home on your own can be overwhelming. It means you do it all – prepping it for sale, analyzing recent sales, marketing, answering the phone, setting up appointments, fielding offers and negotiating with a buyer.
Could net less money for your home: Selling a house without a Realtor typically leads to a lower sales price.
But if you want to sell quickly and without agent involved you can contact a cash buyer like Easy Outs Homes - which can buy your house no matter the condition of it and can do it pretty fast, freeing you to move on with your life.
Get your home market-ready
Normally, when you sell a home by owner, you’ll need to get it in tip-top shape for listing photos and showings. Here are some tips for prepping your home for sale:
Declutter – remove personal belongings, trash, etc.
By getting rid of the clutter and junk, you can maximize your money and sell for the most amount of money in the shortest amount of time.
Make it sparkle – A little Windex here and a little Pledge there can bring in more money. If your budget allows, consider hiring a cleaning crew to do a deep clean.
Add curb appeal – First impressions are everything, and your home’s exterior needs to be immaculate to attract buyers. Pull weeds, add fresh mulch and store toys or bikes out of sight. Add a few pots of colorful flowers on the entryway or porch. Finally, add a fresh coat of paint to the front door and a new welcome mat as finishing touches.
Hire a professional photographer – Displaying professional photos online is a must to draw buyers in. A real estate photographer can vary in price depending on your location and the size of your home, but expect to spend a few hundred dollars. Some photographers may also provide a virtual tour service to help market your home online.
Schedule an open house – Instead of having private appointments with potential buyers, plan an open house during a weekend afternoon.
Promote, promote, promote
Selling a house without a Realtor can be trickier when it comes to marketing your home. Once your photos are done and your price is set, post your home on Facebook, Instagram and other social media sites you can.
But if you don't have time or money or simply don't want to do any of these things don not worry - just request a no obligation fair cash offer from Easy Outs Homes and if you accept it we will take your house as is (you don't need to do any repairs), with the stuff you want to leave behind ( no junk removal), and we can close when you want.
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