Selling off your property without a realtor is a tough deal. However, if you follow the right steps, then things can be easier for you and you may not have to pay any fees/commission to the realtor. You can arrange everything on your own. Take a look at the 6 steps which will help you in selling off your property:
1. Research for your home sale: It is very important to prepare for a home sale. It will help you in becoming familiar with the ins-and-outs of real estate transactions. You can even take a look at the paperwork and contracts on your home and read them. This will give you an idea about the language of used in real estate. Apart from that, you should also gather the required copies of paperwork as well as insurance documents, disclosures and legal documents. Finally, you should also consider how you want to structure the deal.
2. Prepare your property for sale: When you want to sell off the property, take a look at the various house issues: cosmetic problems, functional issues, and things you can't fix. The first and second problems, if any, should be fixed immediately. The third problem regarding the property should be addressed with the home pricing. Paint your house, replace the carpets and inspect appliances. You should also clean the property so that you can remove any clutter that might affect your home sale.
3. Decide your home price: Don't price your home too high. This might negative affect your home sale. If you don't know the value of your property, then you can contact a property appraiser. He will appraise the property and let you know the property value. You can also attend open houses and check out the competition.
4. Promote your house: You can list the property by using the multiple listing services. Also, the owners can list their for-sale-by-owner listings on an MLS for a small fee. The social networking sites can also be used to promote the sale of your property. To encourage real estate agents to come up with buyers, offer a commission to them.
5. Negotiate for a better offer: You should be prepared for an offer as well as the counteroffer on your home sale. You might even take the help of a real estate attorney to help you in negotiating for a better deal with the buyer.
6. Close the deal: You should make yourself familiar with the required closing paperwork as per your state laws. You should also check whether or not your buyer has a written pre-approval letter from his/her lender. However, there might be snags or delays when you try to close the deal. Make sure that when everything comes to the closing table, it should be as per your state and federal law.