When it comes to selling your home, the process is often both, stressful as well as expensive. As a result, people today are leaning towards selling their houses by themselves. Most real estate agents will charge you around 3% in commission fees on the overall property price. You can avoid this cost altogether by choosing to sell the house by yourself, so for instance if your property is worth $500,000 you can save about $15,000by not hiring a real estate agent.
Things to consider:
However, there are certain responsibilities that you will have to tackle when selling your home by yourself. This means gaining knowledge about the real estate market, since it is imperative that you price your home right and not lose money that way. You will also have to show the property to the buyers yourself, which may become a problem for you if you already have a fulltime job. Here are a few pointers to simplify your sale.
#1 Getting the price right
The first thing that you have to consider when selling your home is getting the price absolutely spot on. Remember that you want to quote the best price for your home, so that buyers are enticed into purchasing your home. Just because you haven’t hired a real estate agent, doesn’t mean that you can’t get them to help you out when it comes to pricing your home. You can get a free valuation from an agent, so that you can identify the right price for your house.
#2 Paperwork is unavoidable
Get one thing straight, you simply can’t look for any shortcuts or money saving schemes when it comes to sorting out the paperwork for your home. You will have to take care of all the legal requirements and documents in order to sell your home. Even though you are looking to cut down on your costs, it is important that you hire the services of a solicitor so that you don’t make any mistakes when it comes down to the legalities of selling your home.
#3 Marketing your home
When it comes to marketing your home, you can get creative and use FSBO websites, which allow homeowners to market their homes themselves. You can take pictures and put up ‘For Sale’ signs on your property to generate interest amongst buyers. More than 90% of property searches are made online, but you can also go the traditional route and invest in a newspaper advertisement for your property. You will also have to take some time off from your full-time job, since you will have to do all of the marketing by yourself.
You should know that real estate agents put in a lot of time and effort to make sure that the home selling process goes through smoothly. When you choose to sell your home by yourself, you end up saving thousands of dollars, but in return you only enhance the stress involved in the process. If you find that selling a home by yourself is proving to be too stressful for you, remember that you can always acquire the services of a real estate agent to help you out.