The standard practice, usually observed is to hire a Realtor® when selling your house. However, it is not necessary that you seek out the services of a real estate agent for selling your house and allow them to take 6-7% of the sale price as their commission from you. This could be a hefty sum of an equity being lost to the Realtor® which you can otherwise save. However, the question arises how to sell your house without a real estate agent and retain the equity of your property.
Here are some of the ways that tell you how to Sell Your House Without Realtor ®:
1. Educate Yourself
The first and the foremost thing is to educate yourself and research how real estate transaction works. You must study any state or local laws that pertain to your property sale. You must also acquaint yourself with real estate vocabulary and familiarize yourself about all the paperwork for selling your house without a Realtor®. Also, you need to know the process of closing without a Realtor®. Once you are informed about the whole process, gather the forms for closing and get in contact with your attorney and title company to complete the whole transaction of selling your house.
2. Price Your Home
After you have educated yourself with the whole process and you are confident that you will be able to manage selling your house fast without a Realtor®, the next step should be that you price your house. Look around your neighborhood and try to keep a competitive pricing. Though your house may be very prized and valuable in your eyes, you have to price your home with an objective view.
3. Market Your Property
To sell your house without Realtor ®, you need to market your property. In addition to putting up a “for sale” sign and listing the house with the MLS®, you can print brochures and put an advertisement on Craigslist. Although, there will be some cost for the marketing and printing but it will be a fraction to what you will pay to an agent.
4. Hold an Open House
Another way to sell your house fast and that too without a Realtor® is holding an open house. Advertise for an open house in your neighborhood and local newspapers and invite people to view your house. Arrange for some refreshments and print brochures that people can take back with them.
5. Negotiate Confidently
Without a Realtor® you have to brace yourself for negotiations and talking with the prospect buyers over the price for your house. This negotiation is usually done by the real estate agent but in the absence of an agent this task has to performed by you confidently. Know your house worth and prepared to lower your price to a serious buyer because you will still be saving a huge sum of money which will otherwise be paid to a Realtor® as his commission.
Thus, the answer to your question “Can you sell your house without a Realtor®?” is yes!! Home Solutions Fla is not a real estate agent company, rather we are the home buyers who will give you a fair price for buying your house for cash. We are located in Florida and we buy houses for cash in Palm Beach Florida. Contact us today or visit our website homesolutionsfla.com for further information.