Did you know that 8 percent of home sales in 2016 were for sale by owner? 35 percent of the sales generated from people putting a yard sign in front of their home.
When it’s time to sell a home, most people turn to a real estate agent. You don’t have to do that.
Eventually, people realize that paying a real estate agent costs a lot of money, so they take matters into their own hands.
We’ve got the tips on how to sell your house by owner so take notes!
Price Your Home to Sell
Before you even list your home on the Multiple Listing Service (MLS) or Zillow, make sure that you’ve priced your home. Go to Google to get an idea of what the selling prices of homes in your neighborhood go for.
If you’re a first time home seller, price your home accordingly. The last thing you want to do is cheat yourself or overprice.
The goal is to sell your home, so make the price realistic!
Market Your Home
In addition to putting your home on the MLS, put up a “for sale” sign in front of the home, create brochures, and take out ads. Even though there are advertising costs, it’ll be much cheaper than an agent’s commission.
The real cost is all the time and energy you’re putting into selling the home.
Show off Your Home
In order to have potential buyers, you’ll have to host showings and open house events. Deep-clean the house, shampoo any carpets, stash all keepsakes in a closet.
You know the spring cleaning checklist that mom gave everyone? Use that.
Once the house is clean, on a free weekend, hold an open house. Advertise by putting signs in your neighborhood and offer some light refreshments to all the visitors.
If you have any leftover brochures, leave some out on a table so visitors can take them with on the way out.
Do Your Own Negotiations
Real estate negotiations are normally in the form of a contract that is submitted to the seller, which is you!
You will either accept the offer or revise the contract and submit it to the potential buyer. The process continues until both of you sign the contract.