While some people choose to use real estate agents when selling their homes, others take the “for sale by owner” option. If you prefer the second option, you must be committed to doing most of the tasks on your own. Being your own agent involves the following:
You need to invest time and efforts for you to sell your home without an agent. Though selling your home on your own has some financial benefits, it is only suitable for experienced real estate investors. Committing your time can help you ensure that everything runs smoothly. You have to be ready to deal with phone calls from potential buyers, stage your home to impress buyers, and also market it properly.
Avoid skipping the pre-inspection process. This can help you identify problems that can prevent your house from selling fast. Get a professional who can identify such issues so that you can make any necessary repairs before showing your home to prospective buyers. You should also assess the competition in the market. Look at the comparable houses that have been sold in the past months and note the listing prices. Focus on useful features such as the number of bathrooms and bedrooms that the house have and assess how long they have been in the market.
Focus on marketing your home through online platforms. Since most of the homebuyers start their search online, you can quickly sell your home if you are keen on marketing. Come up with a digital marketing strategy that can help you sell the home. You can also get help from FSBOhomes real estate to reach a large number of potential buyers. Make use of social media platforms such as Facebook to leave images of your house.
Consider hiring an appraiser to help you determine the right price for the home. Though you don’t want to work with an agent, you may still need other professionals. A certified appraiser can measure your property and take photos that you should use to market it. They can also conduct research and get information about any land parcels. Local banks can recommend the right appraiser to work with.
Showings can take a lot of time since you cannot schedule them all at once. If you have a tight schedule, you should ensure that your home is always clean and ready for a showing. Consider staging the home so that you can improve your chances of getting a serious buyer. A lot of properties remain in the market for long since most sellers overprice their homes. Understand the value of your home so that you don’t overprice it.
Be ready to handle your own negotiations. Part of the negotiations may include the official offer as well as any counteroffers. Since handling legal proceedings may not be easy, you may need to consult a real estate attorney to handle such. Once you get a suitable offer and accept it, you need to collect the earnest money then deposit it in an escrow account.