How to Sell Your Home on Your Own 5 Easy Steps

When it comes to saving money when in the process of selling your house, consider the benefits of selling your property without a real estate agent. 

There is no doubt these professionals can be useful because they have marketing and sales experience most homeowners lack, and their services comes with all of the legal work you will need to do in order to sell the property.  However, they do charge up to seven percent commission on the sale of the home.  This easily cuts into what you will net by selling and should be considered when trying to make the most profit.

Although it may be more difficult, it is still possible to sell on your own.  To do so, you will need to invest a bit of time and hard work into the process, and you will need to know your state’s laws on selling a house.  The following tips can help you to get started.

Essential Steps for Sellers

* Value the home first.  You need to know how to value your property.  To do this, you will need to look at other homes in the area with the same features and square footage that recently sold – not just those that are currently offered for sale.  Then, determine the average sale price.  You can also use a third party property evaluation service to help you.

* Hire an attorney.  Though you can purchase documents and legal contracts from many office supply stores, you may want to consider hiring an attorney to handle the actual contract of sale of the house.  This ensures there is no risk in selling the property.  When you sell, you want to ensure you are not losing out or taking unnecessary risks.

* Market the property.  Avoid overpromising on the home, or believing your home’s features are right for everyone.  Be honest, specific and detailed when marketing.  Use various methods to do so.  For example, you can use the internet to help you to sell through social media and listings sites like Craigslist.  Just get the word out there.  You can also network with friends and family to find a buyer.  Be creative, especially when you do not want to spend much when promoting.

* Learn how to negotiate a sale for the house.  This is critical.  Many potential buyers will come to you with an offer that is slightly lower than what they can actually pay.  You can negotiate up with them so that you end up getting as much as possible for your home’s purchase.

* Find a buyer and sell, ensuring all legal documentation is accurate.  When you sell your house, you also need to factor in costs associated with lenders with home loans and expensive closing costs.  Negotiate the details with the potential buyer in advance.

Why Going it Alone Requires Knowledge

You can sell your house without using a real estate agent, but you will need to have skills to make it happen.  This often means having the time to develop an effective marketing plan, and brushing up on those negotiating skills, too. 

For a homeowner, it can be difficult to part with a home you love.  However, the right new owners can give it the attention it needs and build a new life within its walls, just like you did when you first purchased the property.