Selling a home is never easy, but for some people, it goes smoothly when they sell without a realtor. Before you decide to fly solo, however, keep in mind that this process can be challenging. Still, some people prefer this method to a traditional sale. Read on to learn about the advantages of selling your house independently.
Benefits of Selling a Home Without an Agent
For-Sale-By-Owner (FSBO) is when you sell a property without the guidance of a realtor or broker. According to the National Association of Realtors, these sales are quicker than traditional ones and usually last less than two weeks. However, it’s important to note that most of these sales are speedy because the seller may already be acquainted with the buyer.
If you think you can handle doing FSBO, follow our three tips to get you started.
- Advertising is Everything
One of the first steps to selling a property is listing it on Multiple Listing Service (MLS) websites. Sadly, many new home sellers underestimate the importance of traditional real estate marketing. We recommend sticking a “for sale” sign in your front yard, handing out brochures, and building a website to market your property. Although some of these methods are old-school, you want to reach as many people possible.
You can also list your house on FSBO websites; however, you’ll need to pay for this service. Still, some sellers prefer using these sites because they cost a fraction of a realtor’s commission.
- Reasonably Price Your Home
Although some agents are math wizards who can calculate your property’s asking price in seconds, most of them rely on the internet to find this price. You don’t need to work with an expert to set the appropriate asking price when you research. Go online and investigate the prices of comparable houses in your area, also known as “comps.”
A comp is a property with similar features to yours, such as the same number of stories and rooms or amenities. Some new sellers make the mistake of overpricing their home; your goal is to attract prospective buyers, not scare them off with unrealistic asking prices. Besides, you’ll already be saving money because you won’t have to pay an agent’s commission or follow their expensive home improvement recommendations.
- Host an Open House
Fortunately, you don’t need an agent to help you conduct an open house. Often, agents advise sellers to make expensive renovations that surpass their budget. Realistically, all you need to do is clean up, pull back your curtains to invite natural lighting, and act welcoming. Adding a touch of recognizable scents, such as pine, basil, citrus, or vanilla, can enhance your open house.
Contact ZechBuysHouses, LLC
Selling a home without an agent can be both rewarding and stressful. If you live in Colorado Springs, Colorado, you can sell your property to ZechBuysHouses for a speedy, all-cash offer.