Are you thinking about selling your property now without the help of an agent? Eliminating a real estate agent can save you on average 3% or even more in commissions. A private sale can be a great method of selling your house and can potentially land you a deal perfect for your situation. With the estate agent commissions often so high, it’s tempting to hang a ‘for sale by owner sign’ in your front yard. However, before you decide to sell your property now privately, keep in mind that the process is not difficult but tricky and requires some sort of guidance. There is a lot of time and hard work that goes into the process, which includes everything from showing and marketing your home to negotiating the final price.
You also need to handle all the legal and financial paperwork but hiring a solicitor or conveyancer can help with that stuff. There also are a number of websites, such as minustheagent.com.au/, to help walk you through the process.
Fortunately, there are some tips to ensure that you sell your own property now and work towards the best outcome:
Prepare your home for sale
Get your property in order before putting it on the market. You need to make sure that your house is sale-ready. Buyers expect the condition of your home to match the description and maintenance issues can turn buyers off. Prioritize the most glaring issues that are likely to turn up during home inspections. Make the necessary repairs, light the house properly, de-clutter every room, touch-up or repaint the rooms if necessary so that when the potential buyers come to visit your open-house, they can make a proper decision. Stick to simpler things like fresh paint and a pristine garden to make your property now more attractive to buyers.
Get the valuations right
Setting a realistic price point is the most important thing. It’s all about hitting that sweet spot between asking for too much money or too little. To make sure that the price point that you’ve set for your home is fair, source at least three valuations from local appraisal agents. In order to get some idea of what the property is worth, ask for a comparative market analysis from them to see what’s recently been sold in the market and for how much.
Stage your property now
Leaving your personal effects around like too many photos on the wall, trinkets on the shelves, toys on the floor, can potentially turn off the potential buyers during the sales process. Buyers, while visiting a property, want to imagine themselves living in the house and making it their own someday. This entire ruckus prevents them from doing that. So make it easier for them to do that by neutralizing the interior of the property now. Any décor that might be controversial or sensitive to others, such as sports or political memorabilia, religious or military icons, should be removed before the buyers visit. Keep it neutral and upbeat.
The most important part of selling your property now privately is that you have to be available at all times. You must have plenty of time to show your home, have no problem negotiating, and enjoy the challenge of marketing your own house. It’s important that you are ready and flexible to meet the potential buyers and not put them off by turning a simple inspection or meet-up into a difficult task. Don’t do a disappearing act by going on a holiday while your property is still listed for sale.
Market it right
Most homebuyers search for properties online nowadays so advertising your home online is really important. Use your social media presence to your advantage and put up an advertisement on various Facebook and Instagram pages. You can spend a few bucks on running paid ads as well. In addition to this, you can also create a few flyers and brochures about the sale of your property now and distribute them around the town.