Learning how to sell your house without a realtor is not hard. However, the desired outcome will determine the steps to follow. In this step-by-step, we will be assuming you want to sell your property without leaving money floating in the air. However, if you are looking to sell your property fast. And are whiling to sacrifice tens of thousands. Then selling it to a private company for cash might be a better fit for you.
But as I mentioned before, this guide is more for the “average seller” looking to make a standard sale.
How to sell your house without a realtor
Time needed: 5 minutes.
Before we get to the step-by-step though, it is essential that you understand that in order to sell a house as a professional would. There are 3 main points that have to align perfectly, or else… You may end up losing money, end up with a legal problem, or your house could sit on the market for a while without getting any offers.
3 Main points on how to sell your house without a realtor
* Price – Listed Price
* Product – Your Property
* Exposure – Making it look good, getting it on all important real estate sites, and showing the property when needed.
Let me explain… If you price your property too high, it most likely won’t sell, or it will take a long time. Same story if a potential buyer wants to see your property, and you do not show it, right?
Now that you have understood these three important points, let’s get to the step-by-step of how to sell your house without a realtor, and without leaving money floating in the air.
- Pricing your house right
The very first thing you need to figure out when learning how to sell your house without a realtor is to price your home accordingly. There are many different ways to price a home, and each and every single one has its pros and cons. Check this article about Home Appraisal to find out which is the best fit for your property. Or use our free tool “What is my house worth” This and any other tool of that kind on the internet are great to give yourself an idea of what your property may be worth in the market today. However, they can be rather inaccurate at times, especially if you have done renovations, upgrades, etc. So I will highly recommend you to use them *ONLY* To get an idea, and never to decide on the final listing price.
- Photograph the house
Now you need to make your house feel and look great! Do yourself a favour and hire a professional real estate photographer for this one. The few hundred bucks will be very worth it in the end. For example:
Did you know? professionally photographed homes sell 35% faster and for about $15,000 more! Crazy, right? also, depending on the type of house you are looking to sell, keep in mind that you can also add, drone photos, 3D tours, and videography. Although they may not seem important. Big real estate websites like Zillow, and Our Property Team have admitted they bump up listings that contain either or both 3d tours and videography. This means your house will have more views on the internet.
That being said, if you really want to cheap out on good photos, and want to learn to take the best pictures possible with just your phone, read: Real Estate Photography
Now that your house looks great and is priced accordingly, you need to get it in front of as many potential buyers as possible. I am talking about both, digital and traditional marketing.
It is important, to be on all the big real estate websites like the MLS, Realtor.com, Zillow, Our Property Team, Redfin, etc… But it is also very important to have a strong marketing presence on Social media, have a lawn sign, Google, flyers, etc…
You can go and find all of these things separately, or you can contact one of our experts today. And get all the marketing you need, minus the unnecessary high realtor commission fees.
While it may not seem like a big deal, you need to make sure you are always available to answer the phone and show your house whenever it is needed. One missed call or showing can make the whole difference between selling fast and for top dollar, or being on the market for a long time, and/or settling for a lesser amount.
If this sounds like a lot of work, or you think you may not be available all the time. We have a solution waiting for you. Where professionals are in charge of answering the calls, and you do not have to move a finger. And again…. without the commissions!
- Negotiate the price
Once you have an interested buyer, and whether it comes with a realtor or not. It is very common for the buyer to make an offer that doesn’t match the listing price. Sometimes it is a higher offer, but most of the time it is less (especially if you are not represented). Sadly I do not have a whole article to teach you how to do this (yet). But you guessed right! We can help, and we do not charge commissions!
- Draw contracts and coordinate closing
Once you have come to a purchase agreement with the buyer, you will have to draw all the necessary contracts required by your state and city, and coordinate the closing. It is hard to give you an idea of the documents you’ll need since the law varies so much across the country. However, our in-house attornies will be happy to assist you and do all the work for you.
Conclusion how to sell your house without a realtor
Learning how to sell your house without a realtor is relatively easy and can save you thousands in unnecessary commissions. However, there are still areas where you should invest a little bit of money in order to get a good return for your property.
You can go ahead and find, and coordinate your selling process. Or you can rely on our team of local professionals to guide you from listing to SOLD! And without charging those hefty realtor commissions.
Our innovative approach to selling guides you through every step of the process. While relying on our team of local professionals. So you can sell faster, for more, without leaving money floating in the air, and without commissions! So you can spend that money on what matters to you the most!
Do you disagree or have any suggestions? let me know in the comments below