Buying or selling a house can be one of the most stressful events in your life, especially if you plan to sell your house without a realtor. The process is complicated and requires many different skills that you may not have. With fees averaging six percent of your purchase price, it can also be expensive. Some states prohibit real estate agents from charging a fee to buyers, but in other states, they’re not prohibited.
If you’re considering selling your house without a realtor, you should know how to avoid these pitfalls. Here are some tips for successfully selling your home without a realtor.
The Costs of Selling your Home without a Realtor
First, the cost of hiring a realtor may seem like a considerable expense. However, it’s often not as high as you think, and there are ways to save money on the process. For example, many realtors offer flat fee rates for their services. Even online listing sites will list your home for free, and you only pay if you secure a buyer.
Another expense to consider is the cost of the closing costs associated with selling your home without a realtor. If you can’t afford to bring those costs yourself, then this may not be an option for your situation.
In addition to those expenses, you will need someone to take care of any repair work necessary for showing your house. This is because potential buyers want to see a property in its best form possible before they decide on buying it. Overall, these costs could add up quickly, but it may make sense for your situation if you know beforehand what they could be.
Dos and Don’ts for Selling Your Home without a Realtor
Selling your home is a lot of work, but luckily there are plenty of resources to help you. If you want to sell your house without a realtor, here are some tips for avoiding pitfalls.
- Do know the market value of your house.
- Don’t charge the buyer any fees.
- Do know what goes into preparing a house for sale.
- Don’t be too flexible with terms.
- Do have an open house or two before listing your property.
- Don’t list your property with another agent or broker without first discussing it with them and getting their approval to do so.
Sell Your House Without a Realtor in New Jersey with Phil Buys Houses Fast!
If you’re looking to sell your house without a realtor in New Jersey, do it with Phil Buys Houses Fast. Our company specializes in buying homes from people who don’t want to go through the traditional process of listing their homes for sale. With our help, you can avoid many of the pitfalls that come with selling a house without a realtor.
We’re dedicated to helping homeowners find a solution they’re comfortable with, so we’ll do whatever it takes. Call us today at (609) 354-5750 or visit philbuyshousesfast.com for more information!