For most people, a realtor is too good an asset to not have when trying to sell your home. While it may seem that you can keep more of the money from the sale, your chances of selling are less and you run the risk of making basic mistakes that might cost you far more. However, there are certain circumstances where selling a home on your own makes better sense. So, here are five tips to help you understand how to sell a home without a realtor.
The best thing to keep in mind is that showing your home starts with having it properly cleaned and removing all personal items from view. Essentially, you’ll want to present a blank slate so that potential buyers can see themselves adding their own items to the home. Remove all the clutter from the inside and outside and make sure everything is clean and presentable.
You will need to reach out to the community to sell your home, which means that you’ll have to think about advertising. You will want to start with the internet, but then you should also take advantage of the traditional media as well, including signs, postings in real estate publications, and finding sites on the internet that allow you to sell your home. The more you can reach out, the more likely you will find a potential buyer.
You’ll need to give potential buyers as much information as possible which means harnessing the advantages of the internet. You’ll want to build your own website so that you can properly display your home and provide all the crucial information. This means having the basics such as the number of bedrooms and bathrooms, pictures and video of the interior and exterior, and helping people contact you so that you can provide them with additional information. Plus, setting up a website is cheaper than ever, so you’ll need to do that.
You will not have the resources of a real estate agent, but you can make up for most of that by being present on social media. Social media sites such as Twitter and Facebook provide you with a way of responding to potential buyers no matter your location. By working through social media sites, you can have the type of fast, personal contact with potential buyers that is crucial towards making a sale. So, build your website and set up your social media accounts.
While you can save money by not using a real estate agent, you will need a skilled attorney to handle all the legal matters of selling your home. This is because one mistake in the legal process can run off a potential buyer or worse, have you selling your home for far less than it’s worth. So, do not skimp when it comes to getting a good lawyer.
Understanding how to sell a home without a realtor starts by evaluating whether the money you save by not paying commissions is worth the extra effort. Depending on the circumstances of your sale, you might find that doing all the work yourself is worth it, but if you are in doubt, go with a realtor.