Owning a house is the best investment you’ll have. And when it comes to selling your property, relying on a real estate agent becomes the common practice.
With the decline of real estate prices, many homeowners want to earn more profit from the sale of their house. However, that wouldn’t be possible with a real estate agent. Usually, agents get 6%-7% of the total sale, for an instance, for a $350,000 house, the agent gets $21,000, which is a hefty amount.
How to Sell House Without a Realtor in Washington DC?
In order to maintain more equity on your property, here’s a guide to selling your house without a real estate agent.
1. Set a Realistic Price for your House
Make sure you price your home accordingly before you list it at the Multiple Listing Service (MLS).Browse the internet and check on competitive and comparative selling prices to set a realistic price for your property.
Learn to find comps for your house to identify the best and fair selling price for your property.
This process is easy especially if you’ve stayed in your home for several years. Be consistent with your goal. Always set a realistic asking price.
2. Get an MLS Flat Fee Listing
Don’t forget to list your property at the Multiple Listing Service. It is a comprehensive list of houses and property for sale in the United States. Realtors and prospect buyers can access the website to research properties to buy.
You can list your property in MLS using online services for only a few dollars. Browse for “Flat Fee MLS” to check on similar services near your area. Or you can create a website exclusive for your house for sale.
3. Market Your House
Aside from listing your property on the Multiple Listing Service, start to market your house through other means. You can create a brochure, add a “for sale” signage outside your home, create online advertisements, utilize social media, and build a personalized website to promote your property.
You can avail the service of advertising agencies to design your yard signs and brochures. Although it may costs you a few bucks, it’s far away from the total commission of a realtor.
4. Prepare for an Open House
Hold an open house to advertise your property. Post signage on your neighborhood to boost awareness of your activity. Prepare some light refreshments for your visitors and hand out brochures with all the necessary information about your house.
5. Highlight the House Selling Point
Make sure that your brochure states all the basic information of your property including lot size, location, the number of bathrooms, bedroom, and of course the price. Don’t forget to highlight special details about your property as it can help to sell your house fast in Washington DC.
Refer to listings like Yahoo! Real Estate, Realtor, and Craiglist to have a grasp of what information both agents and sellers state in their listings. Features like oversized windows, granite counter tops, and stainless steel appliances lure buyers. Identify your home’s special areas and emphasize those on your marketing strategies.
6. Show Your House
After you’ve posted advertisements of your for-sale property, prepare your house for possible and surprised visitors. Do a general cleaning ahead of the time. Rub the floor, scrub the appliances, and shampoo the carpets. Remove displays such as icons and posters as they can be eyesores to some. Trim grass and remove your pets during the open house event.
Present your property well to make the best first impression. These possible buyers love a turnkey home.
Aside from impressing them with your spotless and deep-clean house, present them their possible lifestyle if they transfer to your home.
You will receive contracts from prospect buyers. This is a formal negotiation between parties and you, as the seller, can revise the contract and send it back to the buyer. The process continues until both of you have signed and agreed on the contract.
You might receive low ball offers but don’t frustrate because there are ways to counteract the low price.
Selling your home without a real estate agent can be challenging. But just like any endeavor, it will be much easier as you go through the entire process. You can also work with a cash home buyer in Washington who can buy your house fast and in cash.
Engaging with them is a breeze and you no longer need to do the nitty-gritty’s of the transaction, including paper works and other stuff, to make a sale.