Selling Your House Without an Agent: A Full Guide
Tuesday, September 1, 2020 5:18
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Selling Your House Without an Agent: A Full Guide
Your choice of a selling medium for your property isn’t limited to a real estate agent. You retain the right to explore other options to either sell it yourself on property listing services or via homebuyers online, such as Nexus homebuyers.
To take full advantage of these newer modes of property sales, homeowners must understand some of the details of selling a house without an agent. Below is a comprehensive guide you can follow:
1. Use a Home Buyer
A home buyer provides the quickest means to sell your property. It’s a system where homeowners who work a quick sale can sell their homes faster. Albeit, the home’s value is considerably reduced due to the extra costs home buyers would incur from buying the house. These include repairs, upgrades, marketing, and eventual upgrades.
The best home buyers in Fort Worth readily make home purchases at a fair price. Make sure to do your research to establish the legitimacy and reviews of previous users of a platform before making your choice.
2. Stage Your House
Home staging involves the process of showcasing the impressive features of your house. It’s a process that helps the buyer visualize the property of their choice without a physical visit. Home staging is an increasingly popular approach that can influence a buyer’s decision to buy your home quickly, either without inspection or a request to inspect.
The upside to staging is that it doesn’t require a lot of money to be done correctly. However, it requires time and effort from the sellers to make this possible. Key areas that influence a buyer’s focus in the home includes the living room, kitchen, and master bedroom. Some tips to keep in mind in home staging include de-personalizing your space to help the buyers connect with the property.
3. Draft a Detailed Description of Your Property
Your home description contributes significantly to the salability of your property. Detailed information including date of construction, square footage, bathroom number, and bedroom number should be provided in the description. Here are other tips to consider when drafting a property description.
• Use photos and videos for a visual representation of the house.
• Research on how to write detailed property descriptions.
• Be creative and avoid being too formal.
• Limit your description to 100 to 200 words.
4. Value Your Home Appropriately
Agents have the knowledge base and expertise to rightly determine the price of your home price. However, since you’ve chosen to sell your home without one, you need to figure out how to value your property objectively. Accurate evaluation is essential in ensuring that you don’t underprice or overprice your property.
This first step to ensure your property is sold at a reasonable price is to conduct market research of similar home values in your locality. Other steps to take include online research of similar home values and property calculators such as the Federal Housing Finance Agency (FHFA) calculator. However, ensure not to spend money trying to calculate the price of your home because the buyer’s agent would still appraise your property’s value.
5. Market the Property for Sale
Physical marketing efforts, like sidewalk signs, are great for localized marketing of the property. Online marketing efforts, such as the use of Multiple Listing Services (MLS), also provide a means of bringing your property exposure for as low as $120 for six months.
You can boost the visibility of your MLS listing by posting it on social media. FSBO websites or dedicated websites are also worth exploring for a limited period of sales. Videos and images of the property should be high quality and provided across any of these platforms.
6. Negotiate and Close the Deal
Negotiation is the last step to closing the sales deal. Hence, it’s important to work on your negotiation skills before the day of negotiation. Be ready to make some compromises but ensure to refuse offers that are over 15% lower than your initial valuation.
As much as possible, take your time to find the best buyer for your home. When a good bargain is struck ensure to close the deal with formal contracts duly signed by both parties.
Takeaway
The sale of a home without an agent is an achievable process. However, it’s a tasking process unless you opt for the homebuyer option, which is probably the easiest and quickest option at the cost of lower profit.
Other individual sale processes include staging your home to ensure it’s highly presentable in pictures and videos. Ensure to value your home before going to sell. Market the property appropriately and learn to negotiate. When you get a fair offer, ensure to make your sale.
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