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How to sell a house without a real estate agent: FSBO

Not everyone can afford to put their residence on the open market and patiently wait months to execute the deal. The common process when listing your property on the open market will be:

  • Ask/interview many real estate professionals

  • Authorize a listing contract with a person to list your home for an exact time period (usually a 6 month listing)

  • Handle a variety of open houses

  • Wait for offers and then negotiate with potential buyers

  • Set up home inspections, reports, and also other disclosures to complete

  • Sign escrow closing contracts.

For anyone who is lucky, the process can take six to eight weeks. If an offer falls through or perhaps your house just doesn’t get many offers, you could end up waiting six months or even longer. Alternatively, instead of all that inconvenience, having to pay five percent or more in commissions and settlement costs, let’s discuss how to sell a house without a real estate agent.

For Sale By Owner (FSBO)

A basic strategy for marketing your property without a real estate professional is “For Sale By Owner” or FSBO for short. The common way that people try to market their property in this way is to put up some yard signs or maybe in your neighborhood newspapers and then wait for people to show up. Instead of this lame and often unsuccessful strategy, let’s take a quick look at several other methods to market your home and sell it fast. It all starts with a better promotion. Instead of doing the bare minimum, you need to do a lot to make your home stand out in a crowded real estate market. Some things we recommend are:

  • Tell all of your close neighbors that you are selling your house and ask if they know anyone who is looking. (Bonus: you can easily offer referral fees to compel your neighbors)

  • First opinion can be everything, so fix up the front of your property. It is commonly known as “outside appeal.” If it doesn’t look good when potential buyers are driving, they probably won’t want to go into the house.

  • Getting top quality photos can make a world of difference; rent them out or just take them yourself, but make sure your property is beautifully staged. Which means absolutely no open toilet seats, litter, beds made, chairs pushed, etc.

  • Place sandwich signs along with balloons or other eye-catching items advertising your property at active intersections in your community.

After a little preparation, a few dollars plus some advertising, your FSBO home has a much better chance of selling.

craig’s list

Craigslist turns out to be a completely crucial resource for everyone who is going to sell their house without using a real estate agent. Be sure to use descriptions of your residence that make it sound as pleasant as possible. Discuss the area: are there parks, local community facilities, schools, places of worship or other facilities nearby? What about your specific community/subdivision? Are the paths lined with trees, are there any hills, any sort of view? Also, use those high-quality photos as a way to attract buyers. The determination of whether or not to view your residence will be made entirely based on your descriptions along with photographs of your residence.

open houses

Open houses are a good way to attract potential buyers (just ask any real estate professional). You need to help potential buyers feel as much at home as possible. You should definitely clean up any mess, trash, or toys and games. Some other ideas might be to have the fireplace going when it’s cold outside, bake lots of cookies to give the house a pleasant aroma, set the table for dinner, and possibly light up the game if the local sports team is playing. The secret is that people imagine themselves living there and therefore consider getting rid of any kind of personal knickknacks and family photos. Be sure to advertise your open house early and often by using signs near your neighborhood, Craigslist, sharing with your neighbors, and anything else that draws people into your home. One last tip: get booties that can go over people’s boots and shoes so they don’t follow dirt and grime across your immaculately clean property!

investors

The last place to look, but certainly not the last, is at the investors. If you need to sell your home quickly, have some problem areas that need to be remedied, or perhaps you don’t want to deal with any of the above issues, call an investor near you. These people are dedicated to acquiring buildings without using a real estate agent.

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