Its 2017, most information can be found on Google. AKA “How do I sell my own house?”.
I don’t think you need a realtor to sell your property, and this is coming from someone who has their Real Estate License. Real estate is one of the largest investments a person makes, and it probably goes without saying that the person selling their property probably wants the best bang for their buck. I am super binary, I truly believe is complete practicality. Now, this goes without saying, there are certainly distinct circumstances where you do need a Real Estate Agent to sell your property. But that’s not always the case, and if the following situations apply to you, I would say do the extra work and see if you like it.
You have the time, energy, and willingness to put in the effort to devote to the sale.
I am not trying to subconsciously convince anyone to hire an agent, but it does take a seriously focused amount of dedicated time to market the property, show the property, and answer any questions regarding the sale. I don’t even want to mow my own lawn on my days off because I’d rather be spending time with family, and friends doing what we love together, instead of melting in the Florida heat mowing my lawn for the HOA. And I know, I don’t really think, mowing a lawn and selling a home are within the same category, but I do want to make this as simple as possible. Work is work, time is time and you don’t get that back. Agents have a lot of resources at their disposal such as the Multiple Listing Service (MLS) which allows for agents to quickly list your property and market your home. A strong foundation of the area you are looking at, and some agents might even have buyers on file whose criteria might fit your home perfectly. So in essence, they can save time, and sometimes even save you cash to spend on your new venture. But if you are down with cause and want to list your own property below I have some links that will save you the time of researching some things online: www.forsalebyowner.com, www.ListByOwnerInMLS.com (which allows you to enter the property into the MLS for a fee.) You can also enlist the services of a fee-based Web marketer such as www.vflyer.com that can create and distribute online ads or “virtual flyers” that can be added to online classified markets such as www.craigslist.org.
You are familiar with real estate contracts and procedures.
Now while most agents, like you and me, are not lawyers, we do provide guidance and direction to make sure all paperwork is complete and on time. And even with an agent, you will still need to detain a lawyer for certain legal documentation. That being said, if you are familiar with the legal procedures and contracts needed you could easily hire a real estate lawyer to help you work out all the paperwork and double check anything. I think from start to finish you could spend around $1000 from hiring a lawyer. Now as for property value, agents give you a Comparable Market Analysis (CMA) which they calculate through the MLS but there are sites available like Zillow, Trulia, and Realtor, but those sites are never 100% accurate. But they do give you a guesstimate so you are not listing your property blind. You could even hire an appraiser which could give you a fair market value of the property. Appraisers charge around $200 to appraise a property.
You are always available to show the property.
Now you have to show the property whenever the buyer wants. One thing you are paying through a real estates agents commission is convenience. Agents who list your property are in complete charge of showing that property off like a newborn baby. Now if you work from home, or are a stay at home parent, this could probably work for you because many home buyers usually have a list of a dozen properties they are interested in and are quickly to move on to the next property if it is not easy to view the home you are listing for sale.
You are savvy marketer
Now we all have heard at least some cringe worthy property descriptions. I hate them, you hate them- most do provide the positive spin to get a buyer interested in the property. In short, agents know what’s “hot”, the lingo, and have multiple outlets to get the word out.
But could you do it? Of course you can especially if you are a bit internet savvy. There are outlets available to FSBO (For Sale By Owner) as well. Listing your property on FSBO websites is a great choice alongside some professional looking pictures, I think you are set. You could even set up your own domain name, for about $10-$20 and have your own website up and running. You can capture virtual tours on pretty much any smartphone. And since you have lived in the house for a few years, you can describe the neighborhood, hospitals, and any other important recommendations that add value to your marketing plan. Don’t forget, newspapers are still a thing! Small ads do wonders, and brochure boxes on your front porch could help out too detailing a little more about your property in case you’re not home and someone knocks on your door.
Choosing to use a realtor can be a difficult choice to make, but if you understand the concepts and are willing to put up with the trail and failure, which is part of game, sometimes you can obtain that extra profit on your property. And making the choice doesn't have to be set in stone, if you are ever having trouble you can always hire an agent. Or simple ask for advice along the way. Whatever choice you make its always the right one.