Research shows there are around 1,327,880 registered realtors in the US.
While there are plenty of realtors to go around, it might surprise you to learn that you can sell your home without needing to hire a realtor.
You may have an interest in selling your home this way, but you might be uncertain about the process. How do you convince people your home is a good buy? How do you figure out the sale price of your home?
This post will show you what it takes to sell your home without a realtor. If you’re itching to sell your home, without giving away any commission, you’ll soon learn what it takes to replace your realtor.
Prepare Your Home for Sale
The first thing you need to do is prepare your home for sale.
You can do this by freshening up certain aspects of your home, so it looks more appealing.
Now, this doesn’t mean you need to do anything major, like refit the bathroom or kitchen. Rather, you just want to think about some of the small changes you can make that’ll have a significant impact.
For instance, one option you might want to consider is painting some of the rooms in your house. When painting these rooms, avoid using any outlandish colors and try to keep things as neutral as possible.
You might also want to think about changing the carpet.
While it can be expensive to install a new carpet, you should be able to keep costs low by opting for some of the more basic forms of carpeting.
If you don’t have the budget to replace your carpet, that’s fine, as you can just clean your carpets instead.
In most cases, your local hardware store will have a carpet cleaning machine you can rent. This machine is easy to use, and the rental cost is often meager when compared to the cost of replacing the carpet.
The other option is to hire a carpet cleaning company.
Using a carpet cleaning company is a good idea because they have high-quality machines that allow them to give the carpet a ‘deep clean.’ That said, hiring them can be expensive and so it all comes down to your budget.
How Should You Price Your Home?
Once you’ve prepped your home so that it’s ready to for sale, you then need to determine a suitable price.
One way you can do this is by looking at other, similar, homes in your area that are on the market or have recently sold. You can then use the figures associated with these homes to determine what you could get for your home.
The other option is to simply ask a realtor to provide a valuation for your home.
You don’t have to hire them, as most realtors will be more than happy to come in, take a look around and provide a guide price. You can then use this figure to inspire the actual price you use when you officially put your home up for sale.
Putting Up Your Signs
Once you have a guide price for your home, you then want to get some signs that let people know your home is for sale.
These signs should be similar to what you’d have when working with a realtor and they should display your phone number. You might also want to place a link on the sign, which takes people to a website that contains photos of your home.
The pictures on this website should portray your home in the best way possible. That said, you may not have much experience with photography, and you may doubt your ability to take good photos of your home.
If that’s the case, you may just want to look at existing realtor photos, to understand what separates a good picture from a bad one. For instance, you can view these homes for sale, and use their photographs as inspiration.
Understand How to Sell Your Home
You need to put some thought into why it’d be a good idea for someone to buy your home. After all, if you don’t know how to sell your home, you’re going to find it difficult to turn viewers into buyers.
There are two things you want to focus on here.
The first is the benefits of the area.
Is it near a major train station or highway? Are there any good schools nearby? What’s the nightlife like in the local city/town.
You also want to focus on the benefits of the home itself.
Is it well-insulated? Does it have any special features such as underfloor heating or a solar panel system? Does the home receive a lot of natural sunlight?
If you’re struggling to come with ideas here, you should consider some the reasons that lead to you buy the home in the first place. Odds are, the things that attracted you to the home/location will be the same things that appeal to future buyers.
Bring an Attorney Onboard
If you find a prospective buyer, you need to bring an attorney on board.
Some people prefer to get this done without an attorney, but using one can help you avoid any mistakes that might take place during the sale.
Plus, if something does go wrong, they’ll help you figure out how you can solve specific issues.
Do You Know How to Sell Your Home Without a Realtor?
If you want to sell your home without a realtor, the tips in this post should help you get the job done.
Doing things the way is going to be difficult, as you won’t be able to benefit from the marketing prowess of a realtor. That said, it’s not going to be impossible, and at worst you’ll just find the process of selling your home takes a bit longer.
At the beginning of this process, you may have doubts about going through with it, as it’ll be a lot of work. But if you think about the amount of money you can save by not giving away a commission, you’ll find the strength to persevere through till the end.
If you’re struggling to sell your home, you may want to put it up for rent. Read this post to learn more about managing rental properties.