Selling a house through a real estate agency is the easiest way to sell a home, but a lot of people often try selling themselves first to avoid paying a commission. If you do not have a lot of equity in your house, you could try selling your house "by owner" first. If this doesn't work, you could always hire a real estate agent later on to help you sell. If you decide to try selling your house yourself first, there are three important steps to follow that may help improve your chances of selling it.
You will need to research homes in your area to find the right price
The asking price of your house will have a large effect on your ability to sell it. To determine the best asking price for your home, you may want to research recently sold homes in your area. As you find them, divide the selling price by the square footage. This will tell you an approximate value per square foot, and you can use this number to determine a good price for your house.
If you really want to set the price right, hire an appraiser to value your home. By doing this, you can show prospective buyers the appraisal report, and this can help you justify your asking price.
You will need to market, market, market
Marketing is also a vital part of selling a house. After all, if you cannot get the word out about your house being for sale, how can you expect to find a buyer? You can do this in many ways, and there are a lot of options online that are absolutely free. Using as many sites as possible is a great way to get the word out to a lot of people, and this will improve your chances of selling.
You must prepare for showings
Before you begin showing your house, there are several things you will need to do:
- Make sure your house is presentable – Your house should be as clean as possible, and all minor repairs should be completed.
- Know the answers to the questions people will ask – You may also want to think about what types of questions people will have and come up with good answers before you show your house.
- Understand the process – You should also find out the steps of buying a house yourself so that you can answer any questions buyers may have.
Selling a house by owner is something you might want to try to help you save money, but it can be challenging to accomplish. If you would rather let someone else do all the work, hire a real estate agent to sell your home for you.