One of the nation’s leading real estate websites, Zillow, lists more than 43,000 homes for sale by owner, and not through a realtor.
It’s becoming a hot trend in the real estate business, but not many people know how to list a home for sale by owner without a realtor.
You can don’t have to pay steep commission fees and can learn more about the person who will buy your home if you take matters into your own hands. For sale by owner (FSBO) homes are becoming more and more popular every day!
How to List a Home for Sale By Owner
You can save gobs of money and sell your home on your terms if you follow our best tips for selling your house. We’ve consulted the experts and home sellers all over the country in order to learn more about how to sell house without a realtor!
The first step to the cheapest way to sell your home is to embrace the Internet. You’ll want to use a service like Zillow, Redfin, or some other local home listing service. There won’t be a better way to find the right buyer and to tap into a market large enough to find the best person willing to pay your target price.
You may or may not have to market your home for sale. You can use Craigslist or even a neighborhood listserv. Social media such as Facebook can also find you buyers. Just put it all out there!
Pick Your Price
In fact, when you’re using the Internet, you will be opened up to a huge world of potential buyers. This is helpful and the connectivity at your fingertips without a realtor is unprecedented – but make sure you pick your price and stick to it.
Know exactly how much you want to sell for. As long as it’s reasonable, you can get your asking price. Don’t compromise on your bottom line – and let everyone know you’re pricing your house to sell!
Host An Open House
Be ready to “show” your house online with a 360 degree tour and many pictures. if you can make a virtual “open house” video, you’ll be ahead of the game! If you have interactive media or copious amounts of pictures, people will assume you know how to list a home for sale by owner like a pro – and will be more likely to buy from you!
You should also host an open house at your actual home. Be available and courteous in answering questions and giving out your contact information. Many homeowners selling their properties without a realtor will create an e-mail address just for questions from potential buyers.
You Don’t Need A Realtor
Do your research, host your open house, be available to potential buyers, and you won’t need a realtor! You’ll learn many ways to sell your house fast and cheaply if you undergo the process on your own. It’s best if you have a spouse, family member, or friend that will help you undertake this project.
You’d be surprised if you tap into your network of friends and colleagues the amount of people in your life that likely know how to list a home for sale by owner. It may seem like an exotic way to do business, but it’s cost effective. Many smart people have done this before you, and it’s worth it to learn from them!
Time Your Home Sale Right
One of the most influential methods of selling your home without a realtor to save money is by selecting the best possible time to sell. If you’ve done your homework on the price and value of your home, that won’t need to budge. Choosing the right time to sell your home may have more impact on your asking price than the perceived value of your home.
When do people buy in your area? What season sees the most for sale signs? What about sold signs?
Do some research by driving around, asking around, and searching on the Internet. Some locations move exactly with the market, and others run opposite of buying and selling trends. Learn how your location seems to perform; there’s no need to re-invent the wheel.
Learning from others and emulating them will help you time the sale of your home perfectly, and position it for a quick sale. If you don’t use a realtor, this will maximize your profits!
Once You Have A Buyer
One of the cardinal rules for learning best how to list a home for sale by owner is to hire an attorney the moment you have an interested buyer or bid on your home.
You will need someone to help you prepare all the necessary forms, and you will want to make sure that you performing the best quality business transaction as you can. It’s important to listen to the legal details, and even more crucial to hire someone you trust.
You can’t sell your home without an attorney, so don’t even try to skimp on this! You don’t need a realtor, but every home sale should involve a lawyer. This one’s non-negotiable, but if you choose wisely your attorney fees won’t break the bank.
Closing Your Sale
The most rewarding part of selling your home without a realtor is the money you’ll save when the sale is over. So, by all means, close the sale!
Once you have a buyer and your attorney has prepared the proper documentation, make sure you work with an escrow company or title institution that doesn’t charge high fees and works in a transparent way.
Agree on the terms with your buyer, and get to know them and how they prefer to do business. You can put them at ease while you close the sale if you’ve got all your ducks in a row!
By now, you know how to list a home for sale by owner, and how to avoid the exorbitant fees that a real estate agent will charge you. Enjoy having more control over your home sale, and having more money for your new home!
Click here to learn some home improvements you can do that might help you sell your house. They’ll also improve the functionality of your home before you move!