Are you wondering how to sell your house quickly and save thousands of dollars by not paying commission fees? Well, you’re in luck! We put together this guide to help you know what corners you can cut (skipping the realtor) and which corners you can’t cut (RP5217 forms and a title company like MacGregor Abstract.)
Find Out Your Home’s Value
According to experts, the aspirations of potential homebuyers have undergone a sea-change over the years. For buyers, especially millennials, it is no longer about just buy a house or purchasing the biggest property they can afford. Homes have become a means of self-expression.
Before we get to the topic of “how to sell your house,” you must first determine its value to put a price on it. How are you going to do that? Interview at least three real estate agents and collect comps (comparisons of similar homes that have sold in the past six months) from them. Don’t tell them how much you think your house is worth — instead, let them do their research and present you with facts about how much they believe you could sell your home for.
Market Your Home
Once you have determined how much you are willing to sell your home for, market it. Does having your house for sale at the right price mean anything if no one knows it is listed for sale?
So, here are a few things you need to do to market your home and notify prospective buyers that it is for sale:
- Take pictures of your house — exterior, entrance, back, side, patio, lounge room, dining area, kitchen, and so on.
- Place a “for sale” sign in your yard.
- List your house for sale on a real estates website such as Zillow, Realtor, or Trulia.
- Publish a classified ad to your local paper.
- Remember to notify everyone you know that your home is for sale. You never know who knows someone who is in the market to buy.
What To Do When You Start Getting Calls?
If you don’t already have your home listed, many people will just want to know the price. Then they may want to make an appointment to look at the house. You may be wasting so much time if you are not careful. This is what you should do:
Request that anyone who is interested do a drive-by of the property. If they like it after driving by, ask them to give you a call to set up an appointment. If they call back to schedule an appointment, check whether they are pre-approved for a mortgage. However, if they call back to tell you they are not interested, ask them if they could provide you with feedback so you can up your chances of selling your home.
What Do You Do If You Find A Qualified Buyer?
After you have found a qualified buyer, you will want to draft a sales agreement. We will assume you have no idea what a sale agreement is or how to fill one out. With that in mind, we would recommend you not to do it. Instead, you should hire a professional real estate attorney to draft a sale agreement and help you with all of the rules and regulations involved with selling your home, such as the fair housing act, seller’s disclosure notice, etc. They can even get your transaction to the closing table and get your check in your hand.
If you know how to fill out a sales agreement, you should find a title company that can help you complete the transaction and get your check. They can answer any questions you have, but they may not be allowed to provide you with legal advice about the rules and regulations governing the sale of your home. However, be sure to ask because many of them have real estate lawyers on staff who would gladly assist you.
And that is how you can sell your house quickly and save thousands of dollars in the process!