Homeowners typically sell their houses with the help of a real estate agent to avoid most of the hassle of the sale process. However, you may choose to sell your home with no realtor to reduce expenses such as the real estate agent’s commission. Choosing to list your home “for sale by owner” or FSBO may see you keep 2.5% to 3% of the house price that would otherwise be paid to the agent. However, you must be ready to take on all the tasks that a realtor usually handles.
Here are some of the steps needed to make quick cash from home sale without a realtor:
Price your home reasonably
You need to determine your home’s value, which is the as-is value. This means the value of your property before any improvements. Typically, FSBO homes sell fast because the owners price them below the market value. Conversely, they may remain unsold for longer than usual if their asking price is far above the market price. To set the best price, you can use online tools found on some real estate sites, hire an appraiser to value it or get a realtor’s valuation.
Get your home ready for sale
Another vital step when you want to explore how to make quick cash from home sales without using an agent is to get the property ready for sale. This involves making repairs, finishing any incomplete projects, decluttering, and de-personalizing it. The idea is to make the home as neutral as possible so the buyers can picture themselves as the new house occupants and hence, want to engage you to close the sale.
However, you can avoid all those hassles and pursue another route to how to make quick cash from home, which is by selling to cash buying companies who buy homes as-is. You need to invite them to make a bid, and they will value your house and give you an offer. If you accept the offer, they start the paperwork, and within seven days, you have the cash. You avoid all selling costs, renovations, home-showing, and other processes.
Market your house
When your house is perfectly fixed and ready for sale, market it using various methods. First, get a professional photographer to take photos of each room and the exterior from multiple angles. You will need to post the pictures online across various websites and for posting in catalogs. You also need to write perfect descriptions of your property, and you can borrow ideas from those of other properties in your area.
Additionally, put a “for sale” sign in the house front yard to catch the eyes of potential buyers. You also need to list the property on Multiple Listing Services but since independent sellers usually cannot access the MLS, use any help or service to do so. And even if you chose to see how to make quick cash from home sales without a realtor, you can hire a professional like a brokerage. They can show the house, take offers, handle negotiations or prepare the sale contract, for which you pay them a flat fee. That way, you could still save more than if you hired an agent for all the tasks.
Handle the paperwork and close the sale
You may choose to handle the negotiations with potential buyers yourself or get a professional such as a broker to do it for a fee. However, once the negotiations are done, you need to do all the paperwork, which can be a daunting task without an agent. Luckily, you can also avoid doing so by hiring a transaction agent or a real estate attorney to file the paperwork.
Now you know how to make quick cash from home without working with an agent. Although the process may be time-consuming, you can save a substantial amount of money. Better still, you can sell your house as-is to a cash buying company and avoid all those hassles.
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