Thinking About Selling Home Without A Realtor?
With today’s tools, you may be able to sell your home without hiring a real estate agent.
Selling a house has always been about showcasing the property in places where potential buyers look. Today, buyers have access to hundreds of properties for sale via the Internet. If you are thinking about selling home without a Realtor, it is possible, but the key is to make your home stand out and position it correctly. Knowing this is the key to a successful sale.
Selling a house in today’s market involves a lot more than just listing it on the MLS and putting a sign in the yard (90% of Realtors do this). You must know how to properly market your house online to get the most exposure possible.
More exposure equals more buzz.
More buzz equals more showings.
More showings equals more offers.
More offers equals higher price.
Marketing online is the key is the key to a successful sale.
10 Tips On Selling Home Without A Realtor?
1.) Pictures: Posting bad pictures online is the #1 mistake made when selling home without a Realtor. If you want to sell your house by owner, then use quality pictures. The pictures below are taken with a wide angle camera lens. Bad pictures can deter a prospective buyer from seeing a property just as much as having no pictures. Home buyers will look at the pictures before deciding if they want to view a house. If your pictures look good online, they are more likely to schedule a showing. If your pictures are horrible, it can leave a bad first impression and result in no showing at all.
2.) Videos: Pictures show off the main selling features of a home while a video allows a home buyer to get a walk through of the house. Using videos the correct way will increase the exposure a property has on the market. A video can bring excitement to a property! Below is an example of a professional grade property video. Check it out and see if you think the property seems more exciting and attractive. This property sold in 4 days and the largest traffic source was the video! If you plan on selling home without a Realtor, I highly suggest finding a good property videographer. If you can’t ,contact me and I’ll put you in touch with mine.
3.) Online Listing Syndication/Placement: You need to be advertised on the largest home search engines such as Realtor.com, Trulia, Zillow and Homes.com. Getting your home advertised on these websites is a start. Anyone can get a listing on those sites, but it’s the page placement that your listing appears on along with how you position it that will create better results.
4.) Listing Remarks: Listing remarks are crucial when describing a house for sale. You must know how to create a good story line for your house. Your house description needs to strike a cord with your potential buyer. Many people selling home without a Realtor do a very poor job of describing their property. The pictures and videos will show what the house looks like, but the house description is EXTREMELY important to “speak” to your potential home buyer about that home’s lifestyle. Is the property near public transportation, highway access, or lakefront?
5.) Property information: The information about the property should be filled out in its entirety. For example, if your house resides in a good school district, isn’t that one of its selling points? Make it easy for your potential home buyers to find what they are looking for. If you are selling a condo and the monthly HOA dues include all utilities that would be something I would highlight.
6.) Pricing suggestion: The best chance you will have at selling home without a Realtor are the first few weeks it is listed. Thats when the entire market takes notice that there is a “new kid” on the block. Pricing your house is very strategic. Do you know how people search online for houses? Their main search criteria is based on price. My best advice is to price your house correctly from the beginning and do not accumulate too much market time.
Would you have 2nd thoughts on buying a house that’s been on the market for a long time? Yea, so does every other buyer. Price it within market value and do not try to reach for something you know is completely unrealistic.
7.) Showing advice: A property staged correctly will have better results. DO NOT try and sell your house without making it look good. Minor improvements could create a faster house sale. A move in ready house will sell for more money and in less time. Investing in your home sale will pay off in dividends.
8.) Weak signage: There is no better salesman for your property other than the neighbors. When you are selling your home without a Realtor, everyone in your neighborhood is going to want to know how much you’re asking. Placing a simple “For Sale” sign and an information tube in front of your property can solve this.
9.) Create the buzz: You want to set up a marketing plan. For example, “First showing is this Saturday from 12:00 p.m.-4:00 p.m.” or add in remarks like “Offers accepted and presented this Monday, January 1, 2013”. These statements create urgency and buzz around the house and create a perception that it is a well-valued property.
10.)Offer Incentives- Create incentives to purchase the property. For example, you could offer the buyer’s agent an extra point of commission. Statistics have shown that this motivates buyer agents to show your house and then sell it. They also show that offers have come closer to asking price than if no incentive is offered at all.
Selling Home Without A Realtor Conclusion
Did you know that homes listed with Realtors sell for roughly $46,000 more than homes listed without one? In California, The average sales price to homes listed by owner was $184,000 vs. $230,000 to homes listed with a Realtor.(California Association of Realtors).
I commend you on trying to sell your house on your own. If for some reason you cannot feel free to contact us and pick our brain! I filmed a video for you here with some…