Are you looking for ways to minimise your costs when you sell your house? The best way to do this is to forego hiring a real estate agent to do your bidding. If you sell your property on your own, you can save as much as 6% in total costs. But before making a final decision, you have to understand that the whole process can be hard without any guidance from a professional.
You may need to invest time on research and learn the ropes on how to go about all the financial paperwork. It’s not easy, but it’s also not impossible. If you’re sure about selling your house without an agent, here are 4 basic steps to keep in mind.
Avoid Overpricing Your Property
The worst mistake you can make as an independent home seller is overpricing your property. You may think your house is worth more, but the price you are considering may not be what prospective buyers had in mind. If it’s too expensive, you won’t get a lot of offers for it. But if you settle on a realistic price, you will be surprised at the traffic it will gain.
If you’re not going to hire a real estate agent to help you out on the pricing, at least get an appraiser to determine the right cost of your property. With a real professional evaluating your house, you can avoid any unnecessary delays. There are also online pricing calculators you can use to estimate your property’s worth.
Have Your Property Listed On an MLS Platform
Exposure is crucial when selling on your own, and a Multiple Listing Service platform can help you achieve this without having to hire a real estate agent. An MLS platform is a catalogue of all the properties up for sale in the market. And while years ago only agents and brokers could have houses listed through the MLS, nowadays anyone can list their own property just by paying a flat fee.
Include Important Details Of Your Home
Now that you’ve listed your property on an MLS platform, it’s important to attach basic information on the listing about your home. If you can take interior and exterior photographs of it, then better. You have to make them look appealing, though. And to achieve this, you may need to hire a professional photographer. It’s also important to list down the location, age of your property, number of rooms, and any improvements done in the past.
Be Open To Negotiations
Nobody actually follows the listing price. It’s only a suggestion and can change anytime. And when you’re selling your property on your own, you should be willing to negotiate with potential buyers and hear out their opinions. It’s important to be knowledgeable about the terms and conditions of your contract, as well as be flexible with your dates and asking price to get a successful sale.
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