How to sell your house without a Realtor
July 15, 2010 by acerealtyIn this section of my blog, I answer some frequently asked questions about the Real Estate Business. If you need more information than I have provided, feel free to contact me at RealtyACE@Optimum.net or call me at 631-374-1698.
How to sell your house without a realtor?
This is a loaded question that I get asked a lot, both directly and indirectly. Most people feel that they can sell their home without a realtor, and that’s true if they are willing to do the work, correctly price their home, pay for the advertising, find the right buyer, do a few open houses, work with the lawyers, negotiate a fair selling price, ect,ect.ect… And after all that, they usually get a lower selling price than if they listed their home with a Realtor. Realtor’s have a tremendous amount of resources available to them to sell your home, and most home buyers, especially new home buyers, go to Realtors to find a home for guidance through the process.
But getting back to the question, here is how you can sell your home without a Realtor…
The first thing you need to do is to come up with a proper selling price for your home. You will need to research your area and see what similar homes are currently on the market and find out how much similar homes in the area sold for. This will give an idea of how best to price your home. You will be commonly be called FSBO’s, which is short for For Sale By Owner, and most Realtors will be willing to give you a free market analysis of your home, based on the competition and inventory in your area. Realtors love FSBO’s, and are willing to help them, because after a few months, FSBO’s usually end up listing with a Realtor and usually go with the ones that have helped them in the past.
After you have a selling price for your home, and are ready to sell, you need retain a Real Estate Lawyer and to put a sign on your front lawn, with your name and phone number so potential buyers can contact you. Unfortunately, you can not avoid Lawyers in a New York State Real Estate transaction, so you should have one picked out so you can go to contract if you find a buyer for your home.
You will also need to make sure that your C/O, Certificate Of Occupancy, is current and that all permits for any improvements have been filled and approved so you can sell your home. Many home owners build pools, decks, sheds, additions, bathrooms, finish their basements without filing any permits and then can’t sell their home until all their permits are up to date, or the improvements removed. My parents had to remove their pool and 2/3′s of their deck in order to sell their home and it almost cost them the sale of the home.
A sign on your front lawn let’s your neighbors know that you are selling your home. This is important, not because they will want to buy your home, but they may know people who want to move into the neighborhood. Actually, my uncle move across the street because he liked the area and wanted a bigger home, so you never know.
Next, you need to build a website to showcase your home and make sure that your home is found when people are searching the internet for a home like yours. If you don’t want to build a website, you can use Craig’s list, FSBO.com or other website’s to get your home on the web. Some are free and some others will charge a fee.
Once you get potential buyers for your home, you will need to be available to show your home, ensure that they are qualified to purchase your home and close the deal. Usually, as a FSBO, buyers know that you are not paying a commission and expect a better deal, so you will need to be a good negotiator.
Once you are in contract, you will need to work with your lawyer to get the appropriate paperwork and inspections completed to complete the sale. Once you have sold your home, you also need to know where you are going to live. Hopefully you have coordinated that and have either purchased another home or made arrangements to move somewhere else withing 1 to 3 days of the closing.
The Blogging ACE
Plainview, NY 11803-1302
(W) 516-433-5777
(F) 516-433-5490
(C) (H) 631-374-1698
Email: RealtyACE@Optimum.net
Search listings like a Realtor; visit my listingbook site at...AlexCElie.Listingbook.com
ACE Consulting Expeditors, Inc.
Alex C. Elie, MBA
Principal / Senior Project Manager
169 Commack Road - Suite 374
Commack, New York 11725-3442
(C) (W) (H) 631-374-1698
EMail: ACE@TheConsultingACE.com
Visit TheConsultingAce.com for all of your consulting needs…
Expediting your consulting needs since 2009...
Check out my Blog at...TheBloggingAce.BlogSpot.com
Get 2-35% cash back on your everyday purchases at…CashBackAce.com
For the best Health and Wellness products on the internet, click here…AlexCElie.MyArbonne.com
ACE Social Media Links...
Twitter: Twitter.com/AlexCElie
Facebook: Facebook.com/AlexCElie
Blog: TheBloggingACE.BlogSpot.com
LinkedIn: Linkedin.com/in/AlexCElie
How to sell your house without a realtor?
This is a loaded question that I get asked a lot, both directly and indirectly. Most people feel that they can sell their home without a realtor, and that’s true if they are willing to do the work, correctly price their home, pay for the advertising, find the right buyer, do a few open houses, work with the lawyers, negotiate a fair selling price, ect,ect.ect… And after all that, they usually get a lower selling price than if they listed their home with a Realtor. Realtor’s have a tremendous amount of resources available to them to sell your home, and most home buyers, especially new home buyers, go to Realtors to find a home for guidance through the process.
But getting back to the question, here is how you can sell your home without a Realtor…
The first thing you need to do is to come up with a proper selling price for your home. You will need to research your area and see what similar homes are currently on the market and find out how much similar homes in the area sold for. This will give an idea of how best to price your home. You will be commonly be called FSBO’s, which is short for For Sale By Owner, and most Realtors will be willing to give you a free market analysis of your home, based on the competition and inventory in your area. Realtors love FSBO’s, and are willing to help them, because after a few months, FSBO’s usually end up listing with a Realtor and usually go with the ones that have helped them in the past.
After you have a selling price for your home, and are ready to sell, you need retain a Real Estate Lawyer and to put a sign on your front lawn, with your name and phone number so potential buyers can contact you. Unfortunately, you can not avoid Lawyers in a New York State Real Estate transaction, so you should have one picked out so you can go to contract if you find a buyer for your home.
You will also need to make sure that your C/O, Certificate Of Occupancy, is current and that all permits for any improvements have been filled and approved so you can sell your home. Many home owners build pools, decks, sheds, additions, bathrooms, finish their basements without filing any permits and then can’t sell their home until all their permits are up to date, or the improvements removed. My parents had to remove their pool and 2/3′s of their deck in order to sell their home and it almost cost them the sale of the home.
A sign on your front lawn let’s your neighbors know that you are selling your home. This is important, not because they will want to buy your home, but they may know people who want to move into the neighborhood. Actually, my uncle move across the street because he liked the area and wanted a bigger home, so you never know.
Next, you need to build a website to showcase your home and make sure that your home is found when people are searching the internet for a home like yours. If you don’t want to build a website, you can use Craig’s list, FSBO.com or other website’s to get your home on the web. Some are free and some others will charge a fee.
Once you get potential buyers for your home, you will need to be available to show your home, ensure that they are qualified to purchase your home and close the deal. Usually, as a FSBO, buyers know that you are not paying a commission and expect a better deal, so you will need to be a good negotiator.
Once you are in contract, you will need to work with your lawyer to get the appropriate paperwork and inspections completed to complete the sale. Once you have sold your home, you also need to know where you are going to live. Hopefully you have coordinated that and have either purchased another home or made arrangements to move somewhere else withing 1 to 3 days of the closing.
The Blogging ACE
Alex C. Elie, Realtor, MBA
Licensed Sales Associate
Century21 Prevete Real Estate
70 Manetto Hill MallLicensed Sales Associate
Century21 Prevete Real Estate
Plainview, NY 11803-1302
(W) 516-433-5777
(F) 516-433-5490
(C) (H) 631-374-1698
Email: RealtyACE@Optimum.net
Search listings like a Realtor; visit my listingbook site at...AlexCElie.Listingbook.com
ACE Consulting Expeditors, Inc.
Alex C. Elie, MBA
Principal / Senior Project Manager
169 Commack Road - Suite 374
Commack, New York 11725-3442
(C) (W) (H) 631-374-1698
EMail: ACE@TheConsultingACE.com
Visit TheConsultingAce.com for all of your consulting needs…
Expediting your consulting needs since 2009...
Check out my Blog at...TheBloggingAce.BlogSpot.com
Get 2-35% cash back on your everyday purchases at…CashBackAce.com
For the best Health and Wellness products on the internet, click here…AlexCElie.MyArbonne.com
ACE Social Media Links...
Twitter: Twitter.com/AlexCElie
Facebook: Facebook.com/AlexCElie
Blog: TheBloggingACE.BlogSpot.com
LinkedIn: Linkedin.com/in/AlexCElie
Yes it is a fact selling a house without a Realtor as easy as difficult work.We can not ignore its importance.Mostly people say that without a realtor one cannot get their aim but i have judged that if anyone will advertise well.Then he will get their aim easily.
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