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| Home Sale |
Well selling your house by yourself is a great option! And it's not nearly as hard as you might think it is, as long as you're doing the right things and the market is in the right place.
For Sale By Owner is a term that tends to stress sellers out because it means they have to do all of the work promoting and setting up showings. But this can also be a rewarding and fulfilling process.
Keep reading to find out how to sell your house without the middleman!
For Sale By Owner: What Is It?
When you sell your home through an agent, they can sometimes take up to 6% in commissions. The current average sale price for a single-family home is about $289,000. That means you are losing out on over $17,000 by using an agent.For Sale By Owner means that instead of having somebody else who gets your listing posted, handles showings, and works as a mediator between you and potential buyers, all of that responsibility falls on you.
This might sound stressful, and it could be for the wrong person. But if you feel comfortable with the negotiation process and have some good knowledge of the current housing market, sell my house fast could be a great option. Here are some tips to help you be successful and to help you sell your house fast!
1. Prepare Yourself
Selling your house without an agent means that you are going to be spending a significant amount of time trying to get your house sold. That means being available for showings, meetings with buyers, having potentially multiple inspections, and more.For Sale By Owner is not for the faint of heart. But selling your property without an agent is possible if you've got the drive and motivation to put in the work!
2. Do Your Research
One of the most important things you will want to do is dive into research. Make sure to cover all aspects of your house. This means looking up prices for more than just similar size houses.It means looking at similar sizes, locations, school districts, house layouts, amenities, and just about everything else you can think of. Developing a good idea of what houses similar to yours have sold for will help you set the perfect sale price from the beginning.
The right price can make all the difference in selling your house fast!
3. Marketing & Open Houses
Another key part of selling your house is letting people know it's on the market. Utilizing sites like MLS and Zillow is a good start, but they are only the beginning. Take advantage of free posting sites such as Facebook, Craigslist, and Twitter.Creating printed material such as brochures is also a great option. This allows you to always have information about your house on hand. You never know who you might run into!
4. Be Ready To Negotiate
The negotiation process is one of the hardest parts of For Sale By Owner. The goal at the end of the day is to sell your house. There's nothing wrong with having a price in mind for what you want to sell it for but be prepared to lower the price if needed to get it sold.Don't allow stubbornness or greed to prevent you from making the sale. That isn't say take $20,000 less than the asking price but don't let a couple of thousand dollars get in the way of locking down the sale.
Get It Sold!
There is never any guarantee that your house will sell quickly, whether using an agent or not. But if you do your research and put in the work, For Sale By Owner could be an excellent way to greatly increase your profit margin.Head to our website now for more tips and tricks to help you sell your home as quickly as possible!
