Is it difficult to sell your house with out a Realtor?

Question

I really want to avoid any extra cost during selling my home. I need to learn the steps to doing it myslef! Any resources and help would be great!

Answer 1

Other than marketing the property all you need is good sales contract that be found on numerous websites (one link included below. And the you will need to title insurance for the buyer. If the buyer will be mortgaging the loan they will need to supply the necessary documents for them including a copy of deed and a survey. It is up to you if you will pay for any of this.
Consider purchasing rather inexpensive books on how to sell by owner, a few links are provided.
I wish you the best.

Answer 2

It depends on your experience with:real estate & marketing. Marketing the home will be the first challenge, but once you get someone who is interested, that's when the real fun will begin.

If your buyer has more real estate experience than you, there is a good chance, you will lose out.

I recommend starting by speaking with at least three different agents in your area and getting them to do a Market Analysis (CMA) so you have an idea of how to price the home. In this market, this is where I see so many people go wrong. The sad part, is that a lot of these people lose out by trying to protect equity that was built as the market was being over inflated - and by doing so, they are shooting themselves in the foot because no one if looking at over priced homes these days. Everyone wants a deal. Put yourself in the buyers shoes and ask "why would I buy this house?" and "what would I pay for this house?"

My last advice is to offer a home warranty and emphasize the peace of mind the purchaser will have knowing that they will not have to spend any money in the first year if anything major goes wrong.

Use can place free ads on www.cragislist.org and www.backpage.com, but running a paid ad in your local paper is always a good idea as well.

Give yourself a time frame, and if you can't sell it, remember that you can lower it by at least 5% and break even as that is likely what you would pay an agent at a minimum.

Good Luck.

Answer 3

It is not only difficult, but you may not save the money you think you will save. After you expend the necessary money to advertise the property sufficiently to attract buyers, finally find one who will tender an offer to purchase, expect the FIRST point of negotiation to be the fact that you didn't pay a real estate brokerage firm.

Savvy buyers know what you are doing, and will, in most cases, want a piece of that pie you are saving. Do not be surprised if a buyer wants a reduction of 5% (out of the 6% fee) because you didn't use real estate brokerage.

If you still want to do this on your own, do the same things a realtor would do. Advertise the property, put a sign in a conspicuous location, prepare flyers, try to get the property listed in the MLS for a flat fee, stage the house for showings, and go for it !

Good luck.

Answer 4

The answer is YES, it is hard to sell without a Realtor but it can be done.

My suggestion is go with a Flat Fee MLS service, pay a small listing fee and have Realtors working for you for only 3% and keep the ability to sell yourself at the same time.

Buyers Agents will be contacting you directly and ou will be fielding offers as well as showing the property yourself, but well worth the extra 3% you'll save.

This way you get the best of both world without having to pay the Full 6% commission.

If you're property is located in Florida please feel free to contact me

hope this helps, sell2k

Answer 5

Do what a Realtor would do. Take great pictures, make flyers and advertise. Hold open houses.

But remember safety first. Put valuables away in a safe, pack up any treasured heirlooms or art. Don't show the house alone, have a friend or family member with you. If someone knocks on the door wanting to see your home, say you have a "by appointment only" policy if you are least bit uncomfortable.

Answer 6

there is no regulation that states you will possibly be able to desire to have a realtor to sell your place for it to be criminal. Do a FSBO (on the industry by utilising proprietor) and use a number of promoting and marketing activities to unfold the interest. while you're in a sturdy community, you probable won't might desire to attempt very problematical to get your place observed. you are able to shop a ton of funds on commissions, yet once you're actually not in a warm section, it may take a mutually as to sell the abode on your individual. while you're in no huge hurry, then the greater wait will pay off from what you shop in commissions.

Answer 7

In this market, it's difficult to sell a house with or without a realtor. But it can be done. You just have to realize that you are not going to sell it in one day. It may take several months.

Answer 8

I am a Realtor, and with all the contracts and disclosures I couldn't imagine anyonew knowing how to do everything to cover themselves legally. The Realtor is critical on both ends. I as a Realtor make everything so smoothly for my clients, I make sure my clients are fully educated on everything, but never feel they need to be stressed out about anything.
Best regards
Denise Stuart
www.realeasy4u.com

Answer 9

Here is what the government says about that
HUD Tips on selling your home
(With a realtor, without one)
http://www.hud.gov/selling/index.cfm
Best of luck to you

Answer 10

I wouldn't recommend it w/o any experience. You might end up spending money with the attempt at independent selling then have to pay a Realtor after failing(not a certainty of course) and loose more money.