If the idea of hiring a real estate agent to sell your property rubs you’re the wrong way, you should know that you have the ability to sell your home on your own. However, prior to committing yourself to the process, you should factor in all the necessary steps involved. In this article, we will outline the process and provide tips to help get you started.
As the real estate market dips, it can be more attractive to sell your home on your own then hire a real estate agent. A real estate agent will take up to 6% of your home’s value in commission. This can get expensive, and in today’s economy, you want to save as much money as possible. But can you really sell your house by yourself?
It’s actually not as hard as you might think. The most difficult part is the paperwork. However, this varies from state to state, and even from city to city.
In tight real estate markets, homeowners can use every advantage that they can get. After all, you want to get the most for your property, while not spending excessive amounts on a Realtor’s commission and fees. This is the main reason that for-sale-by-owner ventures are attempted. However, in order to make up for the fact that your property isn’t publicly listed, you must step it up a notch to market your home, adding to its appeal with amenities such as a fire pit. By following the proper steps, you can sell your home yourself without dealing with a Realtor.
Choosing to list a home independently rather than using a realtor can save thousands of dollars. However, failure to properly advertise a home that is listed as “For Sale by Owner,” or FSBO, can cause the home to remain on the market and not sell. FSBO homes are actively competing with homes listed by real estate agents who spend a great deal of money and time actively marketing their more popular listings. As a result these listings are prominently displayed and highly visible to potential buyers. FSBO homes can be effectively sold when effectively advertised and displayed.
