Selling a house without having to pay a hefty fee for a real estate agent and on your own terms may sound too good to be true. But selling a house by yourself is very much possible. Although not as easy as it sounds, it can be a good option if you are willing to do the work. So, how to sell a house without an agent?Well, if you don’t want to do any hands-on work and want to sell fast, your best option would be to sell to a cash home buyer. But if you are ready to do work by yourself and can wait for a good offer, then selling a house by yourself can fetch you a good price without having to reduce your profit in any way.
Steps to Selling a House by Owner:
Selling a house by yourself is not an easy endeavor, but there are certain steps you can take to make the process as efficient as possible.
- Determine the House’s Value:
The first thing you should do when selling a house yourself is to find out the value of the home. This can be done by asking a realtor, or you can do your own valuation by studying the property prices in your vicinity. You can also get an appraisal done for the most unbiased and accurate valuation, but an appraisal can cost up to 500$.
- Prepare the House:
If you are selling a house by yourself, you will most likely have time on your hands, so you will want to get the best price for your home. For that to happen, you will need to update the property and ready it for the market. That will include repairs and maintenance done on the house and even some renovations if necessary. Remember that increasing the curb appeal can go a long way to improve the property’s value.
- Get it Out There:
The next important step is to put your house in the market where potential buyers can see it. This can be achieved in a number of ways.
Listing Online: Listing a property for sale on a listing site like Zillow can be a good start. Remember to post the best possible pictures and descriptions for the property.
Word of Mouth: Using your personal connections and social media is also a way to market your house.
Putting up a Sign: By putting up a sign in front of your house, you can effortlessly get the attention of some potential local buyer.
Open House Hosting: Hosting an open house is also a good idea to get some attention from buyers. Even if half the attendees are not interested themselves, they will definitely keep it in mind if someone they know is looking to buy.
After doing above mention preparations, what you will have to do is just wait for an offer. The process after getting an offer is of negotiations and eventual paperwork, and that is it. We hope you will be better equipped to sell your property by yourself with these steps.
