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Advice for Selling Homes without a Realtor

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By : Sonia Smith    99 or more times read
When you have decided to sell your home, there are things that you should consider. One of those is to decide if you should use a realtor or a real estate agent to help you or do it on your own. The real estate market nowadays has robbed many sellers of their home equity. Based on internet research, about fourteen percent of home sold are for sale by homeowner and the almost eight percent are sold with the help of a realtor.

However, realtor commissions could be quite high and if you think that you could use the money instead, you could consider selling your home on your own. The first thing that you should do is to decide how much your home is worth. If you price too high, then your home will likely sit on the market for a while. Ideally, you should price your home based on the prices of comparable homes sold in your locality.

Clean your home thoroughly and make everything sparkle, particularly the kitchen and the bathrooms. Make your home cozy, warm and inviting so buyers will be drawn to check out your home further. Brighten up with fresh paint, bright lights and de-clutter. Store away mementos and family pictures and keep your home simple. Stage your home in such a way that your possible buyers will picture themselves living in your property. Hire a professional inspector to inspect your home of any defects and repairs before a prospective buyer sees them. Make necessary repairs immediately.

While marketing your home could be quite difficult, there are some marketing strategies and techniques that can help you. Consider a paid website where you can list y our home with pictures and details. Another choice is to place an ad in the classified ads section in the local newspaper. Word-of-mouth is always very effective when it comes to home selling. Let your family, friends and colleagues help you advertise your home to prospective buyers. You should attend to legal matters and paper works diligently. Interview lawyers and title or closing officers and choose the one that can help you the most.

When you receive an offer, make certain the buyer has a pre-approval. The mortgage lender will give you a written pre-approval to prove that the buyer can afford to purchase your property. With this, you can be sure that the buyer has the capacity to buy your home and can close the deal right away. Bear in mind that selling your home without a real estate agent can save you thousands of dollars for realtor commission. However, a realtor makes the task hassle-free since he or she will do all the hard work for you. While selling your home lets you pocket the extra money, you must do all the grunt work on your own. Weigh your options well before your make a move. If you prefer to sell your home by yourself, make sure you are prepared and do all the necessary tasks in order to succeed in selling your property.
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