Tips On How To Sell A House Without Using A Realtor
A known fact is that when selling a home, taking the traditional route of hiring a real estate agent can be quite expensive because the real estate agent gets a percentage of the profits. The truth is that selling a home on your own enables the homeowner to keep most of the profits provided that the owner avoids some costly missteps in the process. It is possible for a homeowner to sell their home and even an amateur can do so and keep as much profit as they can, provided they follow a system.
Real estate agents charge a 5%-6% commission on a home sale that is split in half between the agents of the buyer and the seller thus if the person sells the home by themselves they will keep 2-5%-3% of the money that the agent would have gotten. The truth is that the homeowner can save themselves up to 6% if the buyer comes to them without any representation.
A fact worth highlighting is that the homer seller needs to get a platform that exposes the home to potential buyers and agents, and some websites have a database of homes that are on sale in a certain market. These websites enable people buying homes to see them on other websites that are in the property industry. Some of these sites have opened up to not only agents that want to list homes but also to homeowners that seek to sell their homes at a flat fee so that they can list on various sites affiliated with the website. Some famous sites give homeowners access to advisors that can aid in the sales process like closing.
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Posting a bad “For Sale” sign that has a spot for a phone number is a bad marketing method when selling the home. It is better to get a sign that has been professionally done, and there are online service providers that cater for this as part of the listing package offered on some websites.
Practical and Helpful Tips: Sales
Before putting a house on the market, it is wise to get an appraiser to evaluate the home before putting it up on the market because doing this would help the person to avoid any surprises when the buyer’s lender has the house appraised to ascertain how much money to loan to the buyer. It is good to note that even though appraisers charge a modest fee but the fee is certainly worth it when one is selling their house.
One of the errors that most people make is overprice their home due to the fact that they think that the house is worth much more than it actually is.