If you want to sell your Savannah house, you need to know that you have options! The MLS is not the only way to sell your house. The number of people selling their homes without an agent is increasing, saving them time and money! Find out how it works in our latest blog!
How To Sell Your House Without An Agent in Savannah
What are the benefits to listing without an agent?
Eliminating middlemen has numerous advantages. The biggest advantage is saving money. During the listing process, both commissions and out-of-pocket expenses are incurred.
If you wish to offer a competitive property, you will most likely have to make some repairs and upgrades to the house. Every time you do a home repair project by yourself, there are typically unforeseen costs and several trips to Home Depot. If you hire a pro, the cost will most likely be higher. Do only the work you are capable of doing. It’s not the time to practice your wall texturing methods.
In the absence of a realtor, you will not be charged a commission. Direct sales between private parties allow you to keep more money in your pocket! Commissions to agents usually amount to about 6% of the final sale price. That’s thousands of dollars! Also, when you hire a real estate agent, you’ll usually be bound by a listing agreement, giving them exclusive rights to sell. In other words, no matter how you sell your home (even if you find the buyer yourself), your agent will still receive a commission.
How do I get started?
Do your homework before setting your price. Many people overestimate their home’s value. You shouldn’t rely on Zillow or other sites to give you your home value. Most realtors do not use these numbers because they are often skewed by false data. When determining the value of your home, research is crucial. Take a look at what nearby homes are selling for. Not the list price, but the final sale price. A realtor can help you with a CMA, so you can get information without signing a listing agreement. It’s always possible to lower your price if you don’t see interest after setting a high price. Prospective buyers will still be able to see your pricing history on the MLS and on sites like Zillow and Trulia. Small drops over time can make you look desperate as a seller, or it could signal a problem with the house. Set a fair and well-thought out price from the beginning, and you won’t have to worry about having to lower it or struggling to get interest. You can always consult an appraiser for help. The service usually costs about a hundred dollars.
Work Your Advertising Game
A picture is worth a thousand words! Real estate listings often have poor images. When it comes to online advertising, you need great pictures! Get a professional to take your pictures if they don’t look good! You might be surprised at the results. Your text should also include as much detail as possible about the property in addition to great pictures. You should let people know exactly what they are getting, and highlight every amenity the house has to offer. Be sure to be mindful of Protected Classes in all of your advertising.
Make It Happen!
Preparing your house for sale is important. Make any necessary repairs and clean like you have never cleaned before. Prepare for packing by getting rid of clutter and personal items. When people enter your home, they don’t want to feel as if they are intruding.
Provide prospective buyers with a list of selling points/upgrades. You should let them know if the AC was replaced last year, and the roof the year before that. Give out flyers or brochures with this information, as well as your contact info. Prospective buyers will also want to see you as a “concierge.” Agents are usually able to answer questions about the area, and you should be able to as well. Put important landmarks on a map. Know where schools are and how long it takes to commute.
You’ve Found A Buyer, Now What?
Contracts should be created and only written offers should be accepted with a deposit. You should consult with an attorney and accept the offer only after they approve it. In the absence of an agent, you will have to handle all legal and financial paperwork. It is best to work with a lawyer and a title company you can trust and rely on.