Sell Your House Yourself to Get the Maximum Sale Price

If you want to net more money after the sale of your house, then sell your house yourself and skip using an agent. There's a misconception that it is nearly impossible to sell your home without an agent, and that the more time you wait to hire an agent, the more money you'll lose. That marketing tactic has worked well for realtors, but it's not the reality of the market. Homeowners can be successful at selling their own homes, if they do some research and use many of the techniques and tools that they would hire a real estate agent to use.

Benefits of Selling Your Home on Your Own

The chief benefit you gain when you sell your house yourself is money. The normal commission rate charged by real estate agents for selling a home is six percent. That can amount to several thousand dollars. For example, if you end up selling a home with an agent for $250,000, you would most likely have to pay your agent $15,000. That's a lot of money that you won't have in your pocket because you had to pay a commission. Real estate agents will argue that you may not have been able to sell your home in the first place, or for that price without the knowledge and experience of an agent. That's not necessarily true, as many individuals have been successful advertising and selling their house alone. Some other benefits for selling your house yourself include:

  • You can sell faster because selling your house is your top priority.
  • You’re able to accept an offer that you want without the pressure of an agent to sell.
  • You have more control over the sales process and sell according to your own terms.

A real estate agent will tell you that you can secure more benefits when you let them sell your home. That may be true, although some of it is “sales talk.” Don't forget the money that you'll save and the control that you'll have when working alone.

Process of Selling Your Home

You can sell your home in four steps. The process of selling your home is:

  • Present your home in the best light possible.
  • Price the home reasonably for a quick sale.
  • Advertise and market your home online and offline.
  • Hire a real estate lawyer to draft the documents related to selling and closing.

With a little bit of research, you can fill in the details required for each of these steps. Some "for sale by owner" websites offer seller's guides that explain the process in detail. You may also be able to call a consultant who works with the website to ask specific questions that you cannot find answers to online.

Don’t be afraid to sell your house yourself. There are thousands of people across the country doing it, and you can be successful if you conduct your research, price your home right and present your home in the best light possible.

 

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