subject: Ideas On How To Sale A Home By Owner [print this page] If you are not necessarily comfortable with the idea of handing over a fairly hefty commission to a real estate agent when you sell your house, then you might want to look into the possibility of selling it yourself. However, before you choose to take this route, it is certainly important for you to spend some time looking over the details of how this might occur.
One of the first things you have to do is to figure out the cost of selling your house yourself compared to the cost of using an agent to do it for you. As a very basic example, if you are selling a house for $100,000, then you would be expected to pay out roughly 6% or 7% in commission. However, if you sell the house yourself then you can expect to save half of this, being $3000-$3500, if your buyer uses an agent themselves. If your buyer does not use an agent, then you could save the entire commission, that being between $6000 and $7000.
However you do, of course, need to factor in the costs that you will have to occur when you try to sell the house yourself. Such things as setting up a website, paying for marketing tools and materials, and also the overall cost of your time will all be incurred, and therefore you need to work out which is the best option.
It is also important that you are where that when you try to sell the house yourself you will have to answer calls and make appointments all on your own. As such, you need to be available at all times to talk to people and answer any questions and queries they may have.
You should also spend some time researching how much other homes within your neighbourhood have gone for over the last couple of years. It is important that you work out how much to put your home on the market for, and it is certainly a good idea to look to your neighbourhood in order to get some ideas of what value you can place on your home. At the same time, you should get the services of an agent to at least value the home for you to give you a good idea of what to place it on for.
Of course, you will need to actually get word out about the fact that you are selling their house, and therefore will need to create a bunch of marketing materials that you can distribute into your local area. Flyers and posters should be distributed all over the place, and you should advertise where ever you think prospective buyers may be located.
Once all this has been done you will need to be comfortable actually taking people around your home. It may also be at idea to hold an open house, perhaps on weekends, so that people can come and visit your home at their leisure.
