Is It Possible to Sell Your House by Yourself?

House for sale sign

Selling your home without a real estate agent is doable, but it is difficult. There’s no point in beating around the bush. Selling a home is complicated, which is why homeowners who want to put their houses on the market agree to pay commission fees. If you are going to sell your house without an agent, you have to know the rules, regulations, and limitations in your state.

You have to be prepared for all eventualities, including the renovations that have to be made. For your lawn, you might need commercial landscaping services in Middletown or in the area where you live because potential homebuyers are looking for well-landscaped lawns as an add-on. Since your lawn is the first thing that potential buyers see in your property, it will do you good to invest in its landscaping. But since it is not exactly easy to sell your home by yourself, you need to remember a few things first:

Prepare to Work Hard

When you are selling your house, you need to advertise and promote it. This means bringing flyers with you wherever you go and distributing them to any potential buyers that might be interested to take a look at your property. It also means applying for a permit to post flyers on lamp posts and public bulletin boards. It even means going to community events to set up a booth where potential buyers can inquire about your property. Moreover, you need to set up a Facebook page for your house, advertise it on the platform’s Marketplace, share it to various threads, forums, and pages, and respond to all inquiries about your listing.

Realize that It’s Not Going to Be Cheap

The reason real estate agents ask for a commission is that they are going to take care of promoting and marketing your property. When you’re selling your house, you need to pay for ads, signage, and listings on real estate websites. Many websites also allow only licensed real estate agents to post an ad, and that’s another disadvantage on your part. If you are not prepared to pay for advertisements, you are not going to sell your house that easily. Without promotions and marketing, no one would know that your house is on the market.

small house on top of coins

Set the Right Price

How would you know that you priced your house correctly? You need a licensed appraisal to inspect your home for structural damage and obsolete furnishing. The appraisal will come up with a report, which should be your basis for putting a price tag on your property. You may not know it, but the reason you aren’t receiving offers for your house is that it is too expensive for its location, size, and amenities.

Prepare to Pay Anyway

What happens when it’s been months since someone last inquired about your property listing? You may be forced to hire a real estate agent anyway. When that happens, prepare to pay the standard commission rate of 2%.

It is possible to sell your house by yourself, but you also need a title lawyer when closing the deal. You can, of course, also ask help from your friends to spread the word about your property listing. By simply sharing your listing’s ad to their network, they are helping you reach more people.