RSSSelling Your House Without an Agent
Oct 08
Talents Local Newspapers, Real Estate Agent, Thousands Of Dollars No Comments
If giving a real estate agent commission to sell your house irritates you, you may want to think about selling your house without an agent. There are many factors to consider prior to selling your own house.
First, it is important to figure out just how much commission you will be saving and if it is worth your trouble. For example, on a $100,000 home, you can potentially save half of the 6-7% commission, or roughly $3,500. Don’t forget to take out the costs of the marketing expenses, newspaper listings, and other promotional items out of the commission you will save.
Next, research other homes in your area to determine a price point. Your local county tax department should have records of comparable sales. Once you have determined your price, add closing costs and selling expenses to the price.
You are now ready to start marketing your house by creating a fact sheet. Take some glossy color photos of the inside and outside of your home. For the inside, stick to the main living areas, such as the kitchen and family rooms. For the outside, try to find or take a photo taken during the spring or summer months.
Once your fact sheet is ready, drop it off at some local real estate agencies and place an ad in the local newspapers. There are also some internet sites that will allow you to post your listing for a nominal fee.
Lastly, you should schedule an open house and wait for the potential buyers to come. While selling your house without an agent can be time consuming, it can also save you thousands of dollars.