According to the National Association of Realtors, 11% of people choose to sell their own home. All things considered, that’s a pretty small figure…so what do these people know?
For that matter, are they making the right decision?
If you’re looking to sell your home, you’ll need to do some research. And there’s no better place to start the process than here! Keep reading to find out what you’ll want to know before you sell your own home.
Assess the Local Market
Sure, real estate agents help you navigate frustrating paperwork and conduct the open house process. But they also have a deep understanding of how the market works, which allows them to find the best price for a property.
To sell without a realtor, you’re going to need that same know-how.
Check sites like Zillow or Redfin to see the prices of homes in or around your neighborhood. While certain variables will affect the going price of your home, a ballpark estimate is still a good place to start.
Don’t forget to account for local perks like nearby shopping centers, school systems, or public transportation options.
Weigh Your Time vs. Money
Honestly, is it worth selling your home without a professional’s assistance? That’s going to depend on how much time and money you’re willing to spend.
For some sellers, the process
When push comes to shove, there’s no shame at all in choosing to partner with a realtor instead of selling your home by yourself. While you’ll miss out on some extra money, the sales process is a lot less stressful with a professional in your corner.
This is especially true when it comes to parsing through the legal documents required to sell your home. One wrong move could set you back weeks of progress. Or worse, put you in legal jeopardy.
Sell to a Company, Not a Buyer
If you’re intent on selling FSBO, it’s not a bad idea to sell your home to a company instead of an individual buyer. These companies purchase homes from buyers, flip those homes, then sell at a profit.
While this means you’ll lose out on some money, it also means you’ll free yourself up to tackle other tasks like packing.
Plus, these businesses purchase homes in any condition. Even if your home is in desperate need of numerous repairs, a buy-as-is business should be able to cut a deal with you.
Finding these businesses is easy. Type ‘sell my house for cash‘ into your browser and you’ll see several options in your area. From here, you can contact each company and see who is willing to give you the best deal.
How to Sell Your Own Home Without Losing Your Mind
So, as we wrap things up, is it worth the hassle to sell your own home?
That’s going to depend on how much free time and money you have. If you can afford the repairs and feel comfortable navigating the closing documents, go for it! But for everyone else, the help of a realtor makes a world of difference.
And if you’re looking for more real estate tips, make sure to check out the rest of our blog!