Are you looking to sell your home? Here is how to sell a house fast with or without a realtor. Here are the steps to selling your own home and the best practices to sell a house fast. In this video we will discuss selling a house through a real estate agent as well as selling your house on your own in the for sale by owner method.
When you decide to sell your house, you have two options.
Option 1: Sell the house through a realtor (Pay roughly 7% in commission)
Option 2: Sell the house yourself
If you decide to sell your house through a real estate agent, they will do the following for you in exchange for commission on the sale of the house:
1. List your house on the MLS (Multiple Listing Service)
2. Market your house (Flyers, Ads, Website Page, Facebook Page)
3. Show the house and have an open house event
4. Act as a mediator for negotiations and facilitate closing
Here is an example of what real estate agents make on the sale of a home. If a home sells for $250,000 and the buying and selling agents split a 7% commission, they get $17,500. Is that worth it to you? If so, have a real estate agent represent you. If not, sell the house yourself!
How To Sell Your Own House (Fast!)
1. Price the house appropriately based on what other homes have sold for in the area. This is the number one factor in selling a house fast.
2. Pay a flat fee to list the house on the MLS.
3. Market the property yourself with flyers, signs and brochures.
4. Have your own open house.
5. Familiarize yourself with the features and selling points of your home.
6. Show the home yourself or pay an agent a one time fee for this.
7. Handle the negotiation yourself or pay a real estate attorney to do this.
8. Comply with all local laws as well as the Fair Housing Act.
While that may sound like a lot of work to some, this could potentially save you thousands if not tens of thousands of dollars when you sell a house. Many people sell a house in the for sale by owner strategy but very few do it correctly. If you want to sell your house fast, you need to do each one of these things listed here.
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