Do you know a real-estate agent charge you 6% commission?
This means for a $250,000 home, you have to pay off $15,000 to your agent. Yes, the size of this fee is really huge. Now you must be thinking to be your own seller’s agent, right? It is a perfect idea and just that you need a little more preparation.
If you are planning to be part of FSBO (for sale by owner)process, you have to be extra careful. From choosing those expensive listing for your home on multiple sites to putting it on local listings, there will be so many things to do. But before you start reviewing those websites and other resources, you must understand what you’re getting into. To help you get top dollar for your home, here are listed some helpful.
Prepare it for sale: As you are going to do it yourself, the first step to make the process easy is by making your home sellable. You need to understand that people don’t want to see your clutter. The one who will be visiting it would love to see the clean rooms, and if it has anything which negatively detracts, it can affect your sale. Not only your rooms but also kitchens and bathrooms have to be clean and appealing. Hence, you can be thinking of renovating if your budget allows.
Pro tip: There is no need to paint everything. You can just fix the small patches and make sure that it appears clean.
Ask for a reasonable price: Once you are sure that your house appears at its best, the next task is to set a realistic price. If required, you can consult the help of an estate agent. The other alternates include making market research to know about the prices, inflation, and proper valuations. Thanks to the power of the internet that you can conduct research online and use some impactful tools to evaluate property rates.
Pro tip: You can check on the sold price history and for the future pricing changes.
List the property: Now you have to take care of advertising, pricing, and even the viewings. You can pick some good “for sale by owner” websites and follow these steps.
- Write a description: The price is already set and now you’re ready to show buyers your property. The first step includes writing a few lines about your home. It should be something to help entice buyers through the door. You can mention the interior design skills and much more. Just avoid lengthy narratives.
- Add best photos: The images will play a major role to market a home. You can promote property by adding is some of the best pictures of your home. It can be something showing the fixtures and fittings. Or it can be about the beautiful living area, whatever you like to present.
- Advertising: Besides, those home selling websites you can look for some other options. Facebook and Twitter can be helpful to reach a mass audience. And you cannot overlook the traditional methods such as advertising in your local paper.
Following the above stated tips, you can be confident enough that you can sell your home without an agent. After all, you have to save the commission. However, this will call for lot of homework and can be very frustrating at times.
Want a safer option?
Look for an investor who can buy your property in as-is condition. The best part is they don’t charge any commissions, meanwhile providing you the cash in minimum span of time.