Not everyone is aware that selling your property without using a realtor is an option worth considering. In this article, you’ll learn:
- How to sell your home without a realtor
- What situations are best for selling without a real estate agent
- Step-by-step process to sell a home without an agent
- How to sell your home in less than a week
- And much more!
Can You Sell Your Home Without a Realtor?
You can sell your home without hiring a real estate agent. All you have to do is to find a buyer!
The role of a realtor is to connect you with a buyer. His or her job is to give you real estate knowledge so you can make an informed decision. A real estate agent educates you regarding the price of the house, the local market, and the local laws. They assist with home showings, paperwork, and the closing. Their knowledge gives you the confidence to accept or reject an offer on the property.
Selling through a realtor is an option, but it is not the only option. There are (so many) other ways to sell your house, and this article will educate you about your alternatives.
4 Ways to Sell a House Without a Realtor
Sell your home to a local cash buyer
Find a reputable local cash buyer in your area and sell your home for a cash price. Your home will be sold within days. You will get the cash quickly. The best part is that no repairs are required, you don’t pay any commissions or closing costs. We will discuss this option later in this post.
Use an FSBO Website
For sale by owner (FSBO) listing sites, help you sell a house yourself. They give you an online platform so you can market your home to the potential buyers. The good news is that you get access to this service for a few hundred dollars. You can buy a marketing package and expose your property to thousands of buyers.
Use Traditional Marketing
The adoption of the internet has changed the real estate world, but traditional marketing still has its place. By this, we mean yard signs! Yard sign marketing is a great tool and can help you find a buyer. It is foundational in an FSBO strategy, so if you are planning to sell your house yourself, invest in a yard sign.
Flat Fee MLS
One advantage of hiring an agent is that you get access to the “Multiple Listing Service.” You can get your home listed there, and it will be shown to hundreds of thousands of buyers.
Nowadays, you don’t need a realtor to list your home on the MLS. You can use flat fee MLS services to list your house. It will cost you a few hundred dollars, but you will get the needed exposure.
These are the top 4 ways to sell a house in Atlanta without a realtor. Each method requires you to be prepared, and there are certain things you need to know before moving forward. Keep reading this post as we share everything you need to know about each option. If you want to talk further about any of the options discussed in this post, contact us or give us a call. We will help you every step of the way!
What Situations Are Best for Selling Without a Real Estate Agent?
Listing home with an agent means you’ll need to repair the house. You’ll stage the property, the realtor will market the house, and it can take 3-6 months to sell the home.
However, in some situations, you cannot wait that long. If you are facing foreclosure, are going through a divorce, have to relocate in the next month, or need quick cash; you cannot wait for months. You have to sell your house now. In that case, a real estate agent might not be your best option.
Same is the case if your home requires significant repairs. An outdated (ugly) home cannot find a place in the market. You must repair or renovate the house to make it sellable. Renovate the interior and improve the curb appeal. We understand that it is not always possible to fix the house. In that case, we suggest you sell home as-is to a reputable cash buyer in your area. You’ll get the needed cash. You’ll be free from the responsibility, and you can move on with your life.
Let’s discuss the most popular way of selling a house without an agent.
How to Sell a Home Without a Realtor?
We start by listing the house on an FSBO website, but this step has been discussed earlier. So, let’s discuss the steps to take before you list your home.
Find the Market Value of Your Home
What is the exact price of your house? What do you think is the fair value of your property? Don’t list the house so you can see “how much your home is worth?”. You can do a comparative analysis to understand the price of your property. You can do this on your own. It is a 4-step process:
Find homes in your area that were sold in the last 6 months. You can check online websites and see recently sold homes in your area. Make sure they are within a mile of your home (ideally within a half mile).
Make sure that the size of these properties is within 20% of the square footage of your house.
Sort out homes that have similar features such as the number of bedrooms, the layout, lot size, garage, kitchen style, and other features.
See the price range of these homes. That price range is the expected market price of your home. For example, let’s say, you are searching for recently renovated homes with three beds, two baths, 1,500 square feet. Get the list of similar homes and calculate the average and the median prices. You have found the comparable price analysis, and you can use it to price your home.
Flat Fee MLS
- Search on Google.
- Flat Fee MLS (Your Local Area) or Atlanta
Google will return a list of websites offering this service. You can sign up for this service for a flat fee, starting from $200. Zillow and FSBO websites provide these types of services.
Market Your Home
After listing the house, you cannot sit and wait for the offers. You need to advertise your property. Prepare the home for sale and start marketing it. Talk to neighbors. Post ads on craigslist. Create a one-page website and a Facebook page to promote your home. After preparing the home, hire a professional real estate photographer. Get some awesome, high-resolution, wide-angle photos and a virtual tour of the house. Get a yard sign and don’t forget to tell everyone you know you are selling your home.
Stage Your Home
Staged homes sell quickly and for a better price. Re-paint the home and re-arrange the furniture. Take away your personal belongings (family photos and pets). De-clutter and clean the entire house so you can show it to potential buyers. Once you are ready, you can announce an open house event.
This event is arranged so that potential buyers and local real estate agents can see your home in its best condition. Be careful with this step since you are doing it alone. Make sure to set up a time to allow strangers in the house and also take care of precious belongings.
List the Key Features of Your Home
You have been living in the house. Being the owner, you are the most suitable person to advertise the property. After all, who knows this home better than you?
Create a list of the best features of your home such as:
- Good schools
- Proximity to city attractions
- Extra storage
- Number of bedrooms
- Special views, and so on.
You get the idea.
Negotiate the Price
At this stage, you know the worth of the house and the top-selling features of your property. This understanding will help you with price negotiations. Be ready to discuss the price. Also, learn to evaluate offers.
For example, there are financial contingencies in a real estate contract. That means, if the buyer cannot find a loan to purchase your house, he/she can cancel the contract without paying any fine. 10%-15% of real estate deals are canceled at the last moment because of loan rejection. In that case, having a pre-approved buyer or an all-cash offer can be a more attractive choice.
Understand (And Comply With) the Local Laws
In every market, there are laws designed to help both sellers and buyers. As a seller, it is your job to familiarize yourself with local rules & regulations.
- Structure your contract in the right way. Consider hiring a real estate attorney.
- Do a title search. Anyone buying the property will want proof that the title is clear.
- Never close the deal on your own. Close at the local attorney’s office. Your title company can assist you with fund transfer and closing.
Ask for Help (Don’t Get Overwhelmed)
Selling a home is never considered an easy job. It is okay to feel exhausted when you see the checklist of all the tasks that need to be done. Don’t worry. You can ask for help. Sometimes, asking a real estate pro can make all the difference. If you need assistance or have any questions, give us a call or send a message. We will be delighted to help you. For the time being, let us show you an easy way to sell your home in Atlanta.
Sell Your Home Fast in Atlanta, Georgia
You can sell your home in Georgia in 3 easy steps. Here’s how.
- Call a reputable local cash buying firm in Atlanta. Send them your address and contact information. You can fill out this form. Wait for the offers to appear! Accept the offer and your home will be sold in days. Yes, it is that simple.
There are people out there who would love to buy your home. They will close on your terms, and you’ll get fast cash. That means you don’t have to experience the hassles of listing the house. You don’t have to clean, repair or stage the house. You can skip all of these steps and sell your home for an honest, fair cash price.
Get in touch with local house buying firms in your area, but don’t work with people you don’t like or trust. A reputable cash buyer won’t rush you to make a decision. They won’t send you an offer without first understanding your situation. They’ll do their research and will evaluate your home so they can give you a fair cash offer. In this regard, it is essential to understand your goals.
- Why do you want to sell your home?
- How quickly do you want to sell your home?
- What do you want to achieve with the sale of your home?
Make sure to discuss the situation with the buyer. A reputable cash buyer can help you with moving and other challenges associated with the sale of your home. Knowing the circumstance also helps determine price, closing location, and date.
Will I Regret Not Hiring a Realtor?
That’s a good question. The final amount you get is the most important thing here. What is your net profit?
The only time you regret not hiring a realtor is when you feel you could have gotten a higher price for the property. If you are okay with accepting a lower price in exchange for selling your home as-is, then selling a home without a realtor will be a good option. Even after hiring the realtor, there is no guarantee that your home will sell at a particular date and for a certain price. However, if you take the matter in your hands, you can sell your house for a fair price within days. And without making any repairs, or paying any commissions.
Working with an agent is not a bad idea, but it doesn’t have to be your only choice. You deserve to know all your options. Get a cash offer today for your house. Read about other selling methods and then make a decision.
Contact us now to get started.