Tips For Selling Your Home By Owner

Real estate can be unpredictable. Learn tips and tricks you can use to keep your finances in check throughout the buying or selling process.

Tips For Selling Your Home By Owner

4 February 2020
 Categories: Real Estate, Blog

If you are ready to sell your home, you might be wondering if it's worth paying a real estate agent's commission fee or if you should try to sell it yourself. Many people hesitate to sell their homes on their own because they aren't sure that they can handle it. When you decide to take the leap into a sale by owner, there are a few things that you should know. Here are some tips to help you ensure that the process is successful.

Price It Right

One of the key considerations of a home sale is the price the home is listed at. In most situations, this is one of the most important steps that your real estate agent will complete. They assess your property, evaluate the sales that have happened in your neighborhood recently, and calculate a market rate for your home. 

It's no surprise that those selling a home on their own are often confused about where to start to price the house. Luckily, there are a lot of resources online that will make it easier for you. You simply input some information about your house and you'll get an estimated market price in response.

Think About What Makes It Unique

Real estate agents market homes based on unique features. As professionals in the field, they are trained to identify those unique features. When you're selling your home on your own, you need to identify those unique features as well. Market your home sales listing by focusing first on those things that make your home one-of-a-kind.

Whether you have a fireplace, a pool, or a custom floorplan in your home, your listing should focus on these features so that people can see what makes it worth the investment.

List It In The MLS

Real estate agents rely on the MLS to list and find properties for sale. That means that, if you want your home to get sales visibility, you need to ensure that it's in the MLS along with all of your marketing materials.

While you cannot access the MLS without an agent's or broker's license, you can have an agent list the property for you even if they haven't been retained to sell the home. This is what's known as a flat-fee MLS listing. You pay a set rate, which is usually a few hundred dollars, instead of a sales commission on the property. The agent will list your home and include your contact details as the person to contact for showings and appointments.

Contact a company like Crawford Realty, Inc. for more information on listing your house on the MLS.

About Me
Talking About Real Estate Finances

Welcome to my website about real estate finances. My name is Reina. I would like to talk to you all about the financial aspect of buying, selling and renting real estate. I will share tips and tricks you can use to keep your finances in check, even when the market feels unstable or you have to dip into your savings for yet another repair. I will also discuss the pros and cons of hiring a property management company to assist you in the renting process. I hope you will follow along and learn all you can about managing your real estate finances. Thanks for visiting.