If you are looking to sell your house all by yourself, it’s important you get acquainted with everything involved in order to get a good value for your house. Selling your property by yourself simply means you’ll be neglecting the services of an agent in the sales process. Usually, an agent will have to earn about 6 percent from the sale if they had facilitated the deal. For example, if a house sold for $500,000, the agent goes home with an amazing $30,000. It’s very possible there’ll be other closing costs you’ll have to take care of as a seller. When you consider all these, you find that there is little left for you after the sale.
The good question is ” how do I sell my house myself?” The obvious truth about going in all by yourself is based on the fact that you don’t have the intention of paying commission to an agent after the sale. Other people adopt this process week in week out and once you get hold of it, you can do it too. In this article, we shall be looking at the steps you’ll need to follow in order to succeed in selling your house by yourself.
Step I. Rightly Estimate The Value Of Your House
This is a very important step you have to get right. If the house is priced too high, it may sit there on the market for a long period of time without selling. On the other hand, you could walk away with very little cash after the sale if you had priced it too lower than its actual value. You see, the only and best option at this stage is to get the right estimate for the property. There are several means of estimating your home value. You can make use of online real estates valuation websites such as Trulia or Zillow. Secondly, a good real estate agent can provide a comprehensive market analysis for your home. And lastly, the most accurate method of evaluating your house is hiring a licensed appraiser.
Step II. Make The House Market-Ready
At this point, you’ll have to look at the house like you were the buyer. If you do this right, you’ll be able to see the flaws in the house. Make necessary repairs and improvements to ensure the house is hard to resist. Keep in mind if your house is in a top-notch condition, you stand a better chance of getting a greater offer for it. Although this might cost a lot, you can always recoup all your expenses after the house is sold.
Step III. Go Public
When you’ve done all necessary adjustments on the house, it’s time to go public-market the house for sale. You can start with a convincing yard sign. This you’ve seen on almost every property which is up for sale. You can purchase a good one at stationery stores. You can also get more awareness by using the internet as a tool. With tools like Facebook ad campaigns, you stand to get the needed attention necessary for your home to sell.
Step IV. Make The Sale
The process of selling your house all by yourself implies that you are working without an agent and that means you’ll have to negotiate directly with the prospective buyers. Buyers will always want to buy
below the asking price. You’ll have to go through a series of offers before settling at the one you deem fit for the property. At first, negotiations are verbal but once there is a concrete agreement, the buyer will have to come up with a written offer. On your own end, get a little supply of real estate contract that is unique to your state. To be on the right side, the contract must spell out every aspect of the deal.
Step V Closing
The closing proceedings of a house is an entirely legal affair. It could be handled by the title agent or a closing attorney. Since it’s a legal procedure handled by an attorney, you may be asked to provide necessary information to ensure the process is a smooth one. Be sure to provide it on time and be sure to maintain contact between the buyers with the period of accepting the contract and the closing.