Sell Your House Without an Agent: Save Money on Commissions
Jun 25, 2024
“Discover easy steps to sell your house without an agent”
House sales involve different selling costs and the biggest cost for you when selling a house is the real estate agent’s commission. Agents charge you a certain percentage of the total sale price which means a significant amount of money. However, selling your house without engaging a real estate agent can help you to maximise profits. Go through this blog post to find out how to sell your house without a real estate agent.
Make Your Home Sale Ready
The sale process for a residential property, when selling without an estate agent starts with making it sale-ready by doing necessary repairs and renovations, clearing the clutter, and depersonalising the place. Enhancing the curb appeal and making necessary changes in the kitchen, bathroom, or other rooms is also suggested to make your home stand out from the competition.
Pricing Accurately
Setting the sale price accurately is the most important element in selling a house. Real estate agents usually help sellers in pricing their properties competitively. But, it is the seller's responsibility to price the property accurately when selling a house without an agent. Consider market research, compare sold house prices, and analyse current trends in residential real estate. Property valuation is also an option to know the value of your home and set the price accordingly. Consider the free valuation service of the Estate Agent Power to find the net value of your house before selling it.
Collect the Marketing Material
Marketing is the key element for selling a property without a real estate agent. The modern-day real estate marketing material includes professional photographs of property, virtual tours, floor plans, and others. Preparing a catchy description of your property is also important. You can highlight unique points of your house to generate the interest of potential buyers towards the property.
List Your House Online
Online listing is the main tool to sell your house without engaging an estate agent. You can pick a reliable real estate marketplace to create an online listing for your property to attract potential buyers. Estate Agent Power is a trusted marketplace empowering you to create a free listing to present a property for sale. The platform assists in effective marketing by allowing you to add property descriptions, photographs, virtual tours, floor plans, etc.
Make Arrangements for Viewing
You have to arrange your home viewings yourself in the absence of a real estate agent. You can schedule a convenient time with a seller to show your house. Evening time or weekends are the better options to choose for showing your house to a potential buyer.
Negotiating on a Price
Selling your house without a real estate agent empowers you to negotiate directly with a seller on the selling price. Maintaining a friendly conversation is important for a healthy negotiation and also helps you to make a successful deal. Determining the accurate home value and analysis of market conditions is essential to negotiate efficiently with a seller.
Accept an Offer and Appoint a Solicitor
You can handle the sale process of your house from starting to accepting an offer without a real estate agent. But appointing a solicitor or conveyancer is a must to handle the legalities and other obligations. From handling legal work to transferring a property title to a buyer, a solicitor plays a crucial role in buying or selling a property.
In conclusion, selling a house without a real estate agent is possible and can save you a significant amount of money. However, you have to be ready to take on all the responsibilities of selling a house including home staging, marketing, finding buyers, online listing and pricing accurately to negotiating with sellers. Selling a property without engaging an agent depends on the personal preference of a seller. Some sellers may choose direct selling to save money while others may prefer to engage with agents to avail benefits of their professional experiences.
