How to Sell Real Estate without a Realtor 2020 | Points to consider if you’re selling your house without a realtor
How to Sell Real Estate without a Realtor? Realtor is an important part of a deal. They help you finalize a deal faster and easily. It saves your time, energy and money. You just have to pay them a certain amount known as ‘Commission’.
Owning a house is one of the biggest investment most of the people ever make. After the sale, your agent and the buyer’s agent will share about 7% of the sale price as their commission, which amounts to a hefty portion of your equity being lost to the real estate agents.
What does a real estate Agent do?
A real estate agent will surely do four things for the compulsion of your deal.
- They act as a intermediate when entering negotiations and accompanies you to the closing.’
- Lists your house with a Multiple Listing Service (MLS).
- Showing of the facilities available in your house.
- They can advertise about your house in fliers, advertisements, and a web site.
These are the certain tasks performed by a Realtor.
How to Sell Real Estate without a Realtor:
1. Price your home to sell:
Before you list your property on Multiple Listing Service, make sure you’ve priced your property competitively. Use the Internet to get an idea of selling prices for comparable homes in your neighborhood, and then price your house accordingly.
2. Market your Property:
Advertise your property as much as you can. Put some adds on OLX, 99acres.com, Quikr, etc. It will bring you large number of interested people to buy your property and you can select a customer accordingly considering the price paid by him/her.
There will be some costs involved in advertising the sale of your home, but they will be a fraction of an agent’s commission. The real cost is the amount of time and energy you will need to put into selling your home.
3. Prepare to show your House:
You have to be prepared to show your house to as an open house to buyers. As first impression is the last impression. make your house attractive before calling them. Deep clean the house specially the Kitchen and washrooms of the house. Repair it if there are some flaws. If the house is attractive to look at more number of investors will come to grab the deal.
4. Obtain a Flat Fee Listing on the MLS:
The MLS is the most comprehensive list of real estate for sale in the U.S. It is available to Realtors, and in some areas, prospective buyers can also search for homes using the MLS. There are services which will allow you to list your properties.
5. Hold an Open House:
Holding an open house will be profitable for you. Advertise for the open house by posting signs in your neighborhood. Have some light refreshments available for the visitors as it will set a good example.
6. Perform Your Own Negotiations:
You should negotiate with the buyer. If he have some demands, you should try to fulfill them.
These are some of the points which you can consider for selling real estate without a realtor.