Selling a Home Without a Realtor: Is It Possible?
Did you know that home sales are expected to reach a 15 year high, with over 6 million homes sold in the last year alone? It’s no secret that the real estate market is a hot one, with no signs of cooling down. With rising property prices and little inventory, it makes it a great time to sell a home.
Are you thinking of putting your house on the market? If the prospect of selling a home without a realtor is appealing, you might want to look into the steps to do it yourself. Check out this guide to learn the top tips here!
Do Market Research
If you are considering doing a “for sale by owner” (FSBO) listing, the first step is to do your research about the market in your area. Find comparable properties and see what they have sold for so that you know how to price yours. When selling a house by yourself, don’t wait until the last minute to figure out what it is worth.
Selling a Home Without a Realtor Online
If you were wondering how to sell a home, one of the best places to start is by listing it online. You can try a Multiple Listing Service (MLS) which is a database created by real estate brokers to show properties available in the area. And don’t forget to find other private real estate listing sites, too.
Have an Open House
Remember, if you don’t enlist the help of a real estate agent, it means that you will have to do all of the house showings yourself. One of the best ways to do this is to have an open house so that many buyers can see it at once.
Get a Lawyer
Even if you are selling a home by yourself and not using a realtor, you still need to hire a lawyer. Even though it’s an extra cost, it’s important because a lawyer can help you follow the correct process for sales in your area and alert you to any potential legal issues.
Take Professional Photographs
One thing that can set your home apart online from other properties is professional photographs. It is often worth the cost of hiring an experienced real estate photographer who understands how to photograph and showcase your house to its advantage. You can do your research and look for companies like 154 Photography online.
Ready To Sell Your Home?
Now that you’ve read about selling a home without a realtor, you can make an informed decision about whether or not it is right for you. If you can, talk with trusted friends and family who have also done an FSBO and find out what their experience was. Then you can learn from their mistakes and successes when putting your own home on the market.
Did you learn some useful tips from this article about selling a house without a realtor? Want to read about similar topics? If so, head over to the Real Estate Talk section on this site!