Process of Selling a House Without a Realtor
Sell Even If You've Listed Before
In the process of selling a house without a realtor, you can hold on to as much as 6% of the sale price that your realtor and the buyer's realtor will split as their commission, you might prefer to sell your house yourself. Here's how:
Step 1: Set Up Your Home to Be Marketed
In the first step in the process of selling a house without a realtor, you have to consider that you cannot just allow complete strangers roam around inside your house, assessing the storage area - they are determining the potentiality for their lifestyle, not yours.
So what can you do with the belongings you have displayed where possible new owners will desire to consider for their own possessions? Secure a storage unit to store the belongings that aren't essential while your house is for sale. A space to conceal all those belongings presently placed inside your garage, your attic, your basement, in closets, or possibly in a crawlspace. Experts typically advise you to move out about 1/3 of such belongings from your house - anything you won't utilize all days. Furthermore, if you place it in a portable unit, it can all be delivered to your new house.
Placing personal photographs and other personal memorabilia in storage permits potential buyers to envision themselves living in your home, making it simple to concentrate on your home's specialized characteristics. For the same reason, don't deflect from the home itself with art, as your preference may be different from the buyer's.
Heavy-cleaning of the home - scour the kitchen counter tops and appliances, deep-clean the carpets, scrub tile or wood floors, and dust the shelving.
Recall that a darkened or poorly lit house feels gloomy. Utilize natural and artificial lighting, and even consider a new coat of paint, to cheer up the inside of your house. This is especially important if you have other-than-neutral paint colors. Many buyers cannot visualize your home properly when it features unusual wall colors.
Do not neglect the exterior of your house - the initial view many buyers will experience. Prune and manicure shrubs, edge the lawn, and freshen mulch beds. When your siding is aged, look at pressure-washing it, as well as your sidewalks and drive. You should even paint a new coat on your trim and shutters. Everything is important to buyers, even items such as the hardware on the front door. And just accept that flowers, especially near the front door, add color and make a house seem attractive.
Step 2: Price Your House Competitively, to Sell
The second step in the process of selling a house without a realtor is to utilize the internet to obtain an opinion of sales prices for comparable houses that have sold recently (in the past six months) in your neighborhood and price your home appropriately. Record the square footage, number of bedrooms and bathroom, and age of houses that sold in your neighborhood. Calculate the price per square foot for each house. Recall if any of the sold houses were remodeled prior to its sale that would raise the value above neighboring properties. You will want at least four comparable houses to average their sold price per square foot. Taking that average cost per square foot, you simply multiply that number by your house square footage to determine the current value if it is in similar condition to other houses that sold in your neighborhood. This is what realtors and tax assessors do to determine your home's value. Do not completely rely on the Zillow Zestimate for your home value, as it is often not accurate. Do not neglect, your goal is to sell your house, not to price it out of an inclination to hold on to it.
Step 3: Secure a Flat Fee Listing from the Multiple Listing Service (MLS)
The third step in the process of selling a house without a realtor involves the Multiple Listing Service, or MLS. This service comprises the country's most extensive database of real estate for sale. Beyond being accessible to agents, the MLS is also accessible to potential buyers for searching in some markets. While the MLS is specific to your market, once listed on the MLS in your market, your listing will populate to national real estate websites such as Zillow and others. Companies are around that will cost you a few hundred dollars or more to publish your house on the MLS. Search online for "Flat Fee" MLS to discover similar companies in your market. However, don't mistake this service as one that you pay one fee only. You will also pay the “selling agent” the typical 3% or so of the final selling price of your house. Therefore, you save some money (possibly around 2%) on the “listing agent” fee, but you are still on the hook for the selling agent commission. So with this scenario, a realtor is still involved with selling your home.
Step 4: Market Your Property
The fourth step in the process of selling a house without a realtor involves advertising your home buy utilizing "for sale" signs, brochures, advertising online, and creating a website to market your house. The 'For Sale By Owner' website FSBO.com provides home-selling tools for homeowners. The tools include things like brochures and yard signs. There are costs attached to advertising the sale of your house, but they will be minuscule compared to an agent's commission if you are able to launch an effective website and marketing campaign on your own.
Step 5: Host an Open House
In the fifth step in the process of selling a house without a realtor, you'll discover you do not need a realtor to host an open house to market the availability of your house. You can do it yourself. Market your open house similar to what any realtor would, by advertising it online and positioning signs in the area.
Furnish some simple refreshments and place brochures around the house that potential buyers can reminiscence over later. Recent studies have indicated the smell of baking cookies doesn't, despite a common belief, assist in selling a house. However, familiar scents such as citrus, pine, basil, cedar, vanilla and cinnamon have been found the most preferred by buyers.
Step 6: Know the Selling Highlights of Your House
The sixth step in the process of selling a house without a realtor involves penning your advertisements for websites or brochures. You must be careful to include fundamental data about the home: the price, number of bedrooms, number of bathrooms, lot size, location, and any unique details that make the home stand out to possible buyers - its age, style, building materials, yard, garden or trees are just a few such highlights.
View other properties on real estate websites, Craigslist, or other websites to gain an impression of the features sellers and agents are highlighting. For illustration, they might cite features you didn't consider, such as over-sized windows, stainless steel appliances, and granite counter tops.
Step 7: Hash Out Terms With the Buyer Personally
Step seven in the process of selling a house without a realtor involves what you do when you've found a buyer. So you have landed a buyer! Now what? The buyer will present a contract to you. You can consent to the offer, or counter the contract with your preferences and return it to the buyer. Until both the buyer and seller agree and sign the contract, the negotiation proceeds. Almost all states have a standard contract for real estate purchases. If you are not acquainted with the contract, as with any contract, you should have it examined by a lawyer.
Step 8: Be Certain to Obey All Laws in Your City and State
In step eight in the process of selling a house without a realtor you are advised to be familiar with and comply with all applicable laws for your area. Several laws pertain to the sale of a house despite where you live, such as the Fair Housing Act. The Fair Housing Act mandates that sellers cannot discriminate against buyers on the basis of race, religion, and sex. Despite the fact you can locate contracts and other agreements online, they are not specific to your specific situation, therefore, it would be advisable to have a real estate lawyer examine all documents and contracts associated with your house's sale.
Step 9: Select the Proper Time to Sell Your House
The ninth and final step in the process of selling a house without a realtor is to select the proper time to sell your house. The optimal time of year to sell a house is typically spring and early to mid summer. Buyers are less likely to purchase in the winter months or near to the time that school begins. Nonetheless, despite that, buyers can be especially particular as more houses will be for sell during those periods.
Many home owners list with an agent or realtor as the first choice of trying to sell their home. What they find is that agents often don’t market the property right and generate very few showings.
It can be difficult to find the right agent to sell your home. The truth is that a good portion of them are new to the real estate business and have only held their license for a few months or years, are inexperienced and don’t know the true values when they take on new listings. And what do they have to lose? After all, you are making the house payments when it doesn’t sell and sits on the market for months and months.
Quite frankly: Properly marketing your home for sale today is not as simple as it was a few years ago. Today, with the explosion of the internet, listing a house in the MLS and putting a sign in the yard simply isn’t enough.
That’s where we come in. We are not real estate agents. Our program allows us to buy your property directly. We will purchase your property at no cost to you, as-is with no repairs required, purchased quickly according to your schedule, regardless of your situation. When we agree to meet with you, we are not looking to “sell” the home for you. If your home meets our buying criteria you will have a signed contract within 48 hours, and we will close very quickly or give you the time you need to move. We make the process of selling a house with a realtor quick, easy, and no-cost! If you've found yourself saying "Sell My Oklahoma House Fast", complete our contact form or contact us today so that we may help you move on with your life!
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Discover How You Can Sell Your Home Even If:
“Don't be afraid to give up the good to go for the great."
— John D. Rockefeller
"You can dream, create, design, and build the most beautiful place in the world, but it requires people to make it a reality."
“If one advances confidently in the direction of his own dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.”
— Henry David Thoreau.
"The only failure lies in failure to start."
—Harold Blake Walker