Deciding to sell your home without a realtor can save you thousands of dollars in real estate commission fees, along with giving you the freedom to choose the price you want for your home.
However, there are drawbacks in forgoing this service, which include having to market your own home and attract interest for it, research the housing market and learn how to negotiate the best price.
If you are aware of some of the steps involved when selling a house without a realtor, you are more likely to ensure your success. To help you with this process, we have listed some tips below that can help you sell your home on your own.
Make a Good First Impression
Before you put your house on the market and available to view by the public, make sure it is presentable from both the inside and out. When it comes to selling your home, first impressions are formed in one-tenth of a second and can make all the difference to securing a timely sale.
Make sure your home is a welcoming environment that is clean, well-maintained and clutter-free. Potential buyers will want to walk around, open doors, and check inside closets, cabinets and cupboards. Storage space sells, so make sure you organize these areas by removing excess items which you can then sell or recycle.
Remember, curb appeal counts. The outside of your home is the first glimpse buyers will get so tend to your lawn, trim your trees, paint the front door and dust off any cobwebs. If any areas require repairs in or around your home, such as a broken doorbell or leaky faucets, have these fixed before you open your doors to the viewing public.
Host an Open House
Arranging viewings can be time-consuming and inconvenient for sellers who have to maintain a showroom-like appearance to their home and make themselves available at various times.
Hosting your own open house event is a great way of getting multiple people through your door at once, making the viewing process more efficient and potentially quicker. An open house can eliminate the need to host separate viewings and answer the same questions each time.
The chance of selling your home faster is also increased as attendees may wish to get their offers in quickly to beat the competition. A successful open house could result in a bidding war, allowing you to sell your house for more than you may have otherwise.
Make Use of Social Media
In addition to property listing services, make use of the power of social media to get your house noticed. Social media can help you reach a wider audience and even target your chosen demographic based on factors such as age and income level making your advertising expenditure more efficient.
Posting your home through such channels is a simple, yet effective way to get the word out about your property. As people comment on and share your post with others who may be looking to buy in your area, you could generate more interest and find the right buyer.
Armed with these three tips, you can confidently begin your house selling process without the need of a realtor.