Selling your house on your own may work out for the best if you educate yourself and be prepared for the process. Many people sell their own house to save on realtor fees. This can kind of backfire when the prospective buyer lowers their offering price because they know that you are saving money. So sometimes it doesn’t work out as well as you think it might.
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Don’t think you can just put a sign in your front yard and your house will sell itself. Realtors get paid because they do good work. His/her job is to drive qualified visitors to your home, negotiate the best deal for you and complete the sale. When you are selling your house on your own, you must do all these things yourself.
If you’re going to sell your own house, you should consider finding an attorney that can help with the final paperwork. A good real estate lawyer will probably have good contacts with a title company also.
Selling your house on your own can be as easy as 1, 2, 3.
Price Your Home Correctly. This is probably the most important and hardest thing to do. Your house doesn’t necessarily have to be the cheapest, people will pay more if they see that it’s worth it. Do some research on other houses in the area. Find out what options they might have that your house doesn’t have and think of ways to compensate, or highlight the best parts of your house. Don’t let your emotions price your house for more than it’s truly worth. Your house is only worth what someone is willing to pay for it.
Get rid of the clutter. Prospective buyers are looking for a nice clean spacious home. When they walk into a house for sale, they don’t want to think that they’re walking into your house, they want to think that they’re walking into their new house. They will look around and imagine what they want to put in their new house. If you get rid of the clutter, it will make it so much easier for them to picture their new house the way they want it.
Market your house. You can have the best house on the market but if no one knows about it, it wont sell. Get out flyers, place classified ads, use Craigsllist and any other free service. Talk to everyone and let them know that your house is for sale. If the house is in a neighborhood with a school, make sure you let the administrator know, he/she may know of families that are moving into the area.
There is a large community to help out with properties that are for sale by owners. Take advantage of this assistance. You will start to hear from many realtors that would like to sell your house for you. Don’t completely rule this out. You many find that your time is worth more than what you will save by selling your house on your own. The last thing you want is to make a costly mistake because you weren’t knowledgeable enough.