There is no law requiring you to sell your home with a realtor. You can definitely sell your property without a real estate agent, which will help you to save as much as 6% in commissions. For example, if your home’s price is $300,000, you would have to pay $18,000 as a commission to a real estate agent.
The process of selling a home without a real estate agent is similar to selling with a realtor, except you do not have an expert helping you from start to finish. If you are wondering how to sell a home without an agent, here are the steps you should take.
Do Some Research and Price Your Home Properly
Review the homes in your area in order to get a better understanding of the market and a better sense of what home buyers are ready to pay for your property. Make sure that you are setting the right price for your home. Many homeowners make the common mistake of thinking that their property is worth more than it really is. You can use online pricing calculators (Zillow’s Zestimate for example) that will give you an estimate of your house’s value based on such objective factors as the age of your home, your home’s location, its square footage, the number of bedrooms and bathrooms, and some others.
Another way that allows you to determine the price of your home is to hire an appraiser, who will give you an estimate. However, this is an expensive option that may cost you about $400.
Hire a Professional Photographer
The next step is hiring a professional photographer who will take photos of your home. The main purpose of the photos is to make your property look as attractive to potential buyers as possible. According to the National Association of Realtors, 44% of home buyers look for properties online, and 87% of them consider photos very important. Good photos will help you sell your home faster and for more money.
Describe Your Home in Detail
In addition to photos, you also should describe your home in detail and include important information, such as age, location, number of bedrooms and bathrooms, and a description of the neighborhood. Also, do not forget to highlight all the improvements and renovations, such as a new water heater or replaced roof.
Do Not Forget About the For Sale Sign
You should put up a For Sale sign in order to inform your neighbors that you are selling your home. Who knows? Maybe there is someone in your neighborhood who is currently looking for a new home. Moreover, a For Sale sign makes it easier for potential buyers to find your home when they are coming for a tour.
Advertise Your Home
Since most home buyers look for properties online, it is important to list your home on different online resources and websites, including Zillow, ForSaleByOwner.com, Patch, Trulia, and others. If you want to reach more people when selling your home without a real estate agent, you should consider signing up for the Multiple Listing Service used by many real estate brokers.
Do not be disappointed if you do not receive any offers right away. If you want to sell your home faster, then it is recommended to reconsider the price of your home, update the marketing materials, and make sure that your home is widely advertised. Remember that it may take months to sell your home the traditional way, and that is absolutely normal.
Sell Your Home Fast to We Buy Houses Cleveland If You Do Not Want To Wait
Selling the traditional way — either with a realtor or without one — takes time and requires homeowners to be patient. If you do not want to wait, and you need to sell your home in Cleveland as fast as possible, then selling it to We Buy Houses Cleveland may be a good idea. We are a local home investor group that purchases all types of homes in Cleveland and other surrounding areas. Our mission is to make the home-selling process as simple as possible. We buy houses for cash and as is, meaning that no fixes or repairs are needed. If you have questions about our company, or you want to sell your home to us, feel free to contact us. We are ready to assist you and answer your questions.