Selling your home without the services of a realtor is a brave step but one that could save you literally tens of thousands of dollars. Want to know how to sell your house without a realtor? We’ll show you how!
Before you begin, you will need to know what you home is worth. A good way to find out would be to consult local listings in your area and to compare similar homes to yours. This should give you a very good idea.
The next step is to market your home. A realtor is very adept at marketing and this is one the jobs you will be doing on their behalf. Obviously, no one will know your home is for sale if you don’t advertise so this is a crucial element of the selling process!
An advantage of selling your home privately is that you are cutting out the middle man and their expensive fees. Advertise this fact by placing a “Private Sale” board outside your home to attract potential buyers. Additionally, you may want to advertise in your local newspaper and on various real estate sites on the internet. This will involve taking professional-looking photographs of your home and writing accurate descriptions of your home.
Once you have an interested buyer, you will need to have them pre-qualified and pre-approved. Along with any offer, you should demand an official pre-approved mortgage letter.
When it comes time for closing, you will need to work with either a title company or a lawyer. This is to ensure that both you and your buyer are legally represented during the process and that you have someone looking out for your best interests.
Although selling your home without a realtor requires a lot of work, it can be well worth it when you think of all the money you save!