3 Things to Know to Sell Your House Without a Realtor

Not surprisingly, the number one reason why people want to sell house without a realtor is that they get to save money on commission. That said, while the idea of saving tens of thousands of dollars seems lucrative, there’s a lot of hard work and smart work involved. If you thought selling a house only involved posting a few photos online and waiting for offers to pour in, think again! How do you negotiate? What happens when you have a counter offer? What happens if the buyer’s loan is declined? If you’re planning a For Sale By Owner, here are a few things you should know:

● It Ain’t Easy:

Not all homeowners are willing to go through a For Sale By Owner deal. They’re either not comfortable with the owner trying to show their home, or don’t want to deal with the extra work that realtors would normally do. If you’re looking to attract genuine buyers, you’ll have to make the deal very comfortable for the buyer. This includes cleaning the house, stripping it of personal items, creating brochures that buyers can take along with them, working with a title company or lawyer to make sure that all paperwork is clear and up to date, and obtaining home inspection certificates from professionally qualified home inspectors.

● The Buyer May Expect a Concession:

The problem with For Sale By Owner deals is that the buyer expects a good deal too. They know you’ll save money on realtor commission and want to benefit from the savings. The only way to avoid this is to sell the home for the right price, while leaving a little leeway for the buyer to bargain. Although, this isn’t easy for an amateur because you neither have the resources or the experience to determine the right price.

● Statistics Aren’t On Your Side:

Several statistics suggest For Sale By Owners deals are more likely to fall through. In 2016, the National Association of Realtors found that the number of people opting to sell house without a realtor was around 8%. Another survey conducted by Redfin found that nearly 25% of people chose to sell using a limited service agent. In 2018, this number fell to a record low 7%! Of course, given the fact that the National Association of Realtors sponsored these studies, it could be a possibility that home-owners who enlisted even limited assistance during the sale were included in the list of agent-assisted sales.

The Solution:

There’s still hope for people who’d like to move away from the traditional real estate agent led sale. You can either engage an agent for limited help, i.e., hire them to list your home, show buyers around the house, to negotiate, etc. But if you are looking for a truly stress-free solution, we can help!

What We Do:

We are cash home buyers, i.e., we buy homes for cash and will buy the house in its current condition. All that you have to do is give us a call or fill in the online contact form. At Metro Milwaukee Home Buyer, we have been buying homes for more than a decade now. Our clients include sellers who have either inherited a home, had a run of bad luck and are looking to offload their home fast, and divorcing couples looking to settle property disputes amicably. We can buy your home in less than two weeks while paying for closing costs and even taking care of junk hauling. All that you have to do is pack up the things that you want and leave the rest for us!

If you want to know more about selling a house without a realtor, call 414–435–2888, or visit us at https://www.metromilwaukeehomebuyer.com