Owning a home is one of the biggest investments most people ever make. When it’s time to sell your property, the standard practice is to find a real estate agent. After the sale, your agent and the buyer’s agent will share about 6% of the sale price as their commission, which amounts to a hefty portion of your equity being lost to the real estate agents. Is that the best way to sell your house.
Some think that 6% of $500,000 or $30,000, for example, is too much money out of their equity and they start to think that For Sale By Owner (FSBO) is the best way to sell your house.
How to sell your house
Price Your Home to Sell Before you list the property on the Multiple Listing Service (MLS) or anywhere else, make sure you’ve priced the home competitively. Remember, the goal of this process is to sell your home, so make sure the asking price is realistic.
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 that allow you to list your property on the MLS for a few hundred dollars. Search for “Flat Fee MLS” online to find similar services in your area.
Market Your Property
In addition to listing the home on the MLS, advertise by putting up “for sale” signs, creating brochures, putting ads on Craigslist, and building a website to market the property. You can spend all sorts of money on your marketing plan. The real cost is the amount of time and energy you will need to put into selling your home.
Hold an Open House
You can also hold an open house to advertise the sale of your home. Advertise for the open house by posting signs in your neighborhood. Have some light refreshments available and set out brochures about the home that visitors can take with them as they leave. One caution, some brokers don’t like showing FSBO houses.
Know Your Property’s Selling Points
When writing your ad copy for websites or brochures, make sure to include basic information about the house, including the price, number of bedrooms, number of bathrooms, lot size, location, and of course the specific details that make the house special to potential buyers.
More Tips How to sell your house
Prepare to Show Your House
You will have to prepare your house for showings and open house events. Deep-clean the house, including scrubbing the kitchen counters and the appliances, shampooing the carpets, cleaning the linoleum, and stashing your keepsakes in a closet (i.e., house spring cleaning tips and checklist). The final result should be a home that’s squeaky clean and stripped bare of most personal items.
Show Your House
You will have to place a key in a lock box and answer calls from other agents or buyers. If you are at home during the day, you can show the house yourself. Otherwise, you will have to verify the identity of the agent before giving out your lockbox combination. Some caution that the owner is not the proper person to show the house. Homebuyers may be intimidated.
Perform Your Own Negotiations Real estate negotiations take the form of a contract that is submitted to the seller. The seller can accept the offer, or revise the contract and submit it to the buyer. The process continues until both parties sign a contract. Do not give away important indications of your financial strengths and weaknesses.
Comply with All Laws in Your Area
It’s critical that you comply with the laws in your area related to selling homes. Some laws are universal and will apply to the sale of your home no matter where you live. The Fair Housing Act stipulates that sellers cannot discriminate against buyers for reasons including race, religion, and sex. This may be the hardest part of FSB0: compliance.
The Best Way to Sell Your House
Try calling Styl Properties, Inc. It is quick! You can sell my house fast in Omaha normally in 30 days or less. That is much quicker than a traditional sale, which can take several months even if there are no major items that need to be repaired before closing. In most cases when an investor and a seller can agree on a price immediately, they can close as quickly as one to two weeks.
A real estate investor will buy as-is. Worrying about some repairs that you’ll need to fix based on an appraisal? An investor will estimate the repairs needed to restore your property, arrive at an offer, and will purchase the property in whatever condition the property is currently in.
No Fees! A real estate investor doesn’t charge you a real estate commission and may take care of any other nagging financial problems such as back taxes, code violations, or past due water and sewer bills.
A real estate investor is for every homeowner experiencing personal stress brought on by the Four Ds. Styl Properties, Inc. is here to help homeowners out of any kind of distressed situation. And we are good at it. There’s no obligation to ask for our special report.
As investors, we are in business to make a modest profit on any deal. However, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. We offer the simple truth about your home and how we can help you sell it fast.
Give us a ring. We would love to help you understand the process and to answer all of your questions.You can reach us at 402 999.0577.