Real estate business is booming and very lucrative. Quite a number of people professionally make a living as real estate agents. Through a commission of as low as 6% of deal price, agents will help close all the property deals. Considerably many property owners may consider going through this without involving the agents. Selling your home yourself is an alternative to using an agent, as you will have the discretion to set and control your selling price. Either way, the sale of a home is supposed to make you some profits and however you chose to do it, this should always be the goal.
Sale by owner is a task that isn’t as time and energy intensive as you may think, however, it does require that you have a little knowledge of the local housing market. Most importantly, the owner should be ready to have the house viewable at all times of the day, baring when they go to sleep of course! Here are a few tips to aid you in the process if you wish not to bring in a real estate agent to help out with the sale.
Make your home appealing to the viewers
When you want to float your home on the property market, making it as clean as possible is the first step. Ensure the floors, walls, and everything in the house is as sparkling as can be. Trim the hedges and water the lawn if you have one. Repaint if need be; just do what you can, so it looks as good as new. While you are at it, it is important that you have a home inspection done to ascertain that the home is free of faults. This shouldn’t cost too much providing you don’t have any serious foundation problems!
The knowledge about the cost of property in the neighbourhood is very crucial. You may choose to walk around finding out how other homes are selling and at what price relative to yours. This will also give you some light even when you are putting ads for the sale. Check out online listings and visit other similar open houses so you can adequately settle on a price. You should also be prepared to negotiate with the potential buyers, as very often they don’t just offer what the asking price states.
Place your ads
When you are checking out all possible property for sale listings, you also get the platforms to advertise your sale. Put signs at busy streets and next to your home. There is also a way of putting your property on various websites to advertise it. Property sites like The Little House Company allow you to post your house on a variety of sites to properly promote it and make it easier for you to get potential buyers interested. Upload clear and high-resolution photos on the online listings also.
Hire a real estate lawyer
An attorney is here to protect your transaction interests legally. He can help you determine the less complicated deals, review contracts and handle all the closing processes. You can use him to get in touch with the mortgage ad utility providers, as well as buyer appraisals and getting commitments from the customer and the lenders.