When thinking about selling your Franklin house, you need to know that you have options! Listing your home on the MLS is not the only way to sell your house. More and more people are learning how to sell their home’s without an agent, which in turn, saves time and money! Learn more about it works in our latest blog!
How To Sell Your House Without An Agent in Franklin
What are the benefits to listing without an agent?
There are plenty of benefits if you eliminate the mediator. One of the bigger ones is quite clear – you’ll save a lot of money. The costs would come both as commissions and as pocket expenses.
If you want to offer a competitive property, you are probably going to have to make some upgrades and repairs to the home. If you’ve done repairing by yourself before then you are probably familiar with the possibilities of number of unforeseen costs, as well as the number of trips to Home Depot. If you hire a professional your expenses will probably be significantly higher, however this probably isn’t the right time for you to try out newly researched hardwood flooring techniques. Only take on projects you know you are capable of doing.
When you don’t use a realtor, you don’t have to pay anyone a commission. A direct sale between two private parties will allow you to keep money in your pocket! You can expect to pay about 6% of your final sale price is commissions to the agents. This can be several thousand dollars! Also, when you work with the “middle man”, you will typically be bound by a listing agreement, giving them the exclusive right to sell. This means, no matter how you sell the home (even if you find the buyer yourself) you will still owe a commission to your agent. All of this can be avoided if you opt to sell your house without an agent.
How do I get started?
Firstly, you should decide on your price, but not without doing the right kind of homework. Most of people will overprice their properties, which will result in lowering the chances of selling your house. And if you use Zillow or similar sites, you should know that often times the data they have isn’t too precise. This is why research is important. Look for houses similar to yours and see for how much they’ve sold – yes, sold, don’t look the ‘listed at’ section – so you can determine the indicative price. You can always ask a realtor to help with CMA and to get some information without a listing agreement, and always lower the price if you see that there isn’t a rise in interest. Keep in mind, though, that potential buyers usually can see your pricing history on most of realtor sites, so if you have too many price drops you could either look desperate or that will signal them that there is something wrong with the house you’re trying to sell. This is why it’s important to try to set a fair and well-researched price from the beginning, as you will look more professional. And, of course, you could always ask a professional appraiser for the opinion, but this will usually cost a few bucks.
You can get more tips for selling your Franklin house fast here —> LINK
Work Your Advertising Game
Pictures say a thousand words! Time and time again, you see real estate listings with poor imagery. If you want to sell your house using online advertising, you need to have great pictures! This will really increase your chances to sell your house without an agent and even help you get a better price. If your pictures don’t look professional, hire a pro! This might be one of the best things you do when selling your home. In addition to great pictures, you need to make sure the text gives as much detail about the property as possible. Let people know exactly what they are getting, and make sure to touch on every amenity the house offers. Be sure to be mindful of Protected Classes in all of your advertising.
Make It Happen!
In the end, you need to make your house appealing by doing the necessary preparation. Repair everything that needs to be repaired and scrub everything until the house is completely clean. Start packing and remove most, if not all, of your personal belongings. People shouldn’t feel like intruders when entering what could potentially be their new home.
Make a list of selling points/upgrades to show prospective buyers. If the AC was replaced last year, and the roof the year before that, be sure to let them know. Hand out a flyer or brochure with this information, as well as your contact info. You will also want to be a “concierge” to prospective buyers. An agent can usually answer questions about the area, and you should be able to too. Make a map with important places marked. Know where schools are and how long commutes take. See, you can successfully sell your house without an agent!
You’ve Found A Buyer, Now What?
Create a contract and accept only WRITTEN offers that include a deposit. You should consult with an attorney and accept the offer only on their approval. Without an agent, you will need to handle all legal and financial paperwork. It is best to work with a lawyer, and a title company you know and trust!