Selling your home without a real estate agent can be an overwhelming process but with - a few tips, a little planning, and a lot of work - you can do it too. Listing and selling your home online by yourself is a great way to save thousands of dollars in the transaction. Some realtors charge up to 7% of the sales price in commission fee and acting as your own agent can save you all that money. You will be doing a lot of things that real estate agents normally do but with a little preparation, you’ll be able to nail it better than an estate agent. When you sell your house without an agent, it’s natural to want to get the highest return on your transaction. This is why some homeowners prefer ‘for sale by owner’ as the perfect choice.
Although for sale by owner is a great way to sell your home independently, but there’s still a lot of stigma and myths revolving around the process. Which is why we are here to bust the myths revolving around for sale by owner process. Let’s begin -
Myth: ‘For sale by owner’ homeowners don’t price the property right.
Reality: It’s not like real estate agents have a supernatural ability to guess the right price of a property. A home’s fair market value defines what you could expect to receive if you were to sell your home on that day. This value can differ while you are asking different estate agents and realtors. It’s all about hitting that sweet spot between asking for too much money or too little. If you are not able to hit that sweet spot, you will either end up with less money or having your home sit on the market for too long. To set the right price point, homeowners can study the market trends and prices of the properties around them in their neighborhood.
Myth:'For sale by owner’ homeowners cannot advertise the home properly.
Reality: With the power of technology and the internet in their hands, ‘for sale by owner’ homeowners can market their home as good as a real estate agent, or even better. Most homebuyers search for properties online nowadays so advertising a home online is really important. Homeowners can use their social media presence to their advantage and put up an advertisement on various Facebook and Instagram pages. They can spend a few bucks on running paid ads as well. In addition to this, they can also create a few flyers and brochures and distribute them around the town.
Myth: ‘For sale by owner’ homeowners cannot get enough exposure.
Reality: ‘For sale by owner’ homeowners can get all the exposure they need to sell the house by themselves. These days it’s common for homebuyers to get online to find their next home purchase. Technology can eliminate the need for a realtor. Homeowners can sell a house without an agent by listing it on minustheagent.com.au. By adding a good description of their property and adding a few appropriate images, they can sell their home without an agent in an efficient manner. In addition to this, they can also upload videos, a virtual tour, the floor plan, etc. of the property on the website so that the potential buyer can make a well-informed decision. Plus, with Minus The Agent, they only have to make a one-time payment.
