It is not easy to sell a house privately. Throughout the whole process you would need to have full attention on its progress and transactions.
This might be a difficult thing to do, but it will save you thousands of dollars in real estate commissions. To check on how you can sell your house privately, here are the steps that you would need to take.
Re-evaluate your decision
Stop first and rethink about your decision. Do you really need to sell the house? If you’ve got a lot of reason and you’re sure about this, make sure that you have a concrete plan after your house has been sold.
Clean the house
Clean every part of the house from top to bottom. Don’t forget the comfort room, sink and backyard. You can also hire a maid or a cleaning company to make sure that everything has been taken care of. Having a clean house at the time of visit is more appealing and you will have a higher chance of getting a buyer.
Have your property evaluated
A lot of properties were not sold because of overpricing. The reason behind this is that they did not consider the market on selling a property. Even if you want to sell a house in an amount that is as high as possible based on the actual or emotional value, you have to face the truth and think again. Consult a third party or a professional to assess your home’s worth and ask them to justify their given amount.
Have your property inspected
To eliminate complains from a potential buyer or to prevent deals from being cancelled, make sure that your house is in great condition. Hire inspectors to have your house checked and make necessary repairs if they would recommend.
Market your property
This process can be as easier as putting a sign in front of your house or a cheap advertisement in classified ads sections. Consider online listing and giving away flowers. Know how to show your home to those who are interested. Be positive on your scripts, lay down the reason why they should buy the house and be a good host.
Close the deal
Once you’ve earned yourself a buyer, walk them through a mortgage broker for financing or payment purposes. The broker should also have an estimate of the closing costs for your home and provide you with financing tips. Be prepared for a negotiation and try to close the deal as quick as you can. If you don’t like the offer, be ready for a counter offer and don’t just say no. Consult a lawyer if it will make you feel comfortable about the process.
Now that you have successfully sold your house, move out as quickly as you can. Congratulate yourself as you have just saved a lot of money on real estate commissions by selling your house privately.