Are you planning to sell your home? If you lack the time or do not know how to initiate the process, hire a real estate agent. You may also opt to sell to cash buyers who pay the entire amount in cash within a few days.
But, if you can put in a little effort, you can easily learn how to sell your house privately at the same rate as the estate agent or even more. Here are some benefits of selling homes on your own.
Complete control of the process
Sometimes, people who try to sell their houses via agents are often not aware of the actual process behind the sale. They cannot show their home on their own. They don’t know how many people are contacting the agent and often do not hear anything from the realtor until there is a confirmed offer from a prospective buyer.
On the contrary, private selling allows you to have complete control over the entire procedure. Get answers to all your queries and answer all the calls and emails you get anytime. You will realize first-hand how potential buyers respond to hearing about the location, prices and such things rather than knowing the same from the agent.
Meet the purchaser
A realtor will never let you meet the buyers because they fear you might steal the buyers and cut them out of the deal. However, the truth is no one can introduce your home better than you do, as you know about every nook and cranny in the house.
Since you have been living there for a long time, you can tell them everything about your home, utilities, neighbourhood, nearby schools, and shopping areas. If the visitor asks a question about the place, an agent may not be able to answer, but a homeowner will.
Also, sometimes, answering specific queries is against their regulations. If you made a recent modification or repair, do not forget to inform the buyer about it as it proves that you have invested in the upkeep of your home. It may also work to increase the property’s value.
Selling your house via an agent involves several phases. One of them is signing documents that have nothing to do with the selling but cater to your relationship with the agent. Besides, you have to leave the house whenever a potential buyer wants to see the house and wait for the agent to arrange open houses or showings.
On the other hand, if you sell the house yourself, you can arrange open houses and showings at your preferred time and not have to hide from the buyers. Discuss the quotes with an interested buyer verbally, write down the agreement in an easy-to-understand manner, and show it to a property lawyer who will do most of the paperwork. Apart from the lawyer’s fees, you do not have to pay any commission or sign a contract.
Privately selling your home may be a little daunting. But, if you have done some research on how to sell your house privately and are aware of the benefits of doing it, you can control the entire process without depending on anyone else and save some money.