If you are looking to sell a home, the first thing you need to know is that real estate agents charge very high commission fees which can take a big percentage of the profit you could have made from the sale. When most people say, “I want to sell my house”, their mind invariably goes directly to hiring a real estate agent, as they think this is the only plausible way they could sell their home. However, this is simply not true, as you now have many different options for selling your own home.The thing you need to be aware of is that selling your home privately is most definitely possible, and it will allow you to complete the sale without having to spend a fortune on the commission fees charged by real estate agencies. The following methods are all possible ways that you could try to sell your home by yourself, although you should keep in mind that some methods are much more successful than others.
List on Classifieds Websites
This method is the only way you can sell your home without having to pay any money, however it is also the least likely to be successful. There are many different classified websites out there, such as Craigslist that will allow you to create a free listing for your property. However, the one problem with listing your home on these free classified ad websites is that many people are unlikely to trust them as they are often full of scams. Also, your listing can easily get lost among the hundreds or thousands of other listings, making it hard for potential buyers to find. Still, many people have had success selling their home on this type of classified websites, so it’s worth a try. After all, the listing is free, so you won’t be out any money if it isn’t successful.
List Your Home On For Sale by Owner Websites (such as khusan.com)
This option is likely to be the most expensive way to sell your home privately, however it is also the one that is most likely to be successful. While you will have to pay for a listing on one of the many for sale by owner websites out there, the cost of the listing is still only a fraction of what you would otherwise have to pay in the form of real estate agent commission fees.
Creating a listing on one of these sites is very easy, and you will have several different options for how to pay for the listing. If you take your time and make sure to create a high quality, honest listing, then you could quickly be signing the contract and completing the sale, while ensuring that you keep the majority of the profit for yourself. Overall, this is definitely the most successful method to sell your home privately, and is becoming increasingly more and more popular amongst those looking to sell their homes.
List Your Home in the Local Newspapers
If you are looking to connect with potential homebuyers in your area, then you should definitely have a look at listing your home in the local newspaper. Newspapers are always full of homes for sale, although the majority of them tend to be real estate listings. Still, most newspapers will allow you to create a listing for your home in the paper, and the cost of the listing will be tiny compared to the high commission fees charged by real estate agents. While more and more people are finding their new homes through online listings, the newspaper is still an incredibly valuable tool for those looking for homes, so you shouldn’t ignore it.
Have Marketing Materials Created Yourself
One other way to sell your home privately is to create marketing materials for your home, similar to those created by real estate agencies. You may want to consider having an open house for potential buyers to come look at your property, and you can alert people to the open house by creating posters or flyers. This step should probably be done in conjunction with a listing in the newspaper, but the great thing is that it gives you the freedom to market your home in whatever way you think will be most successful.
Dison Arnibal works at ‘We are For Sale For Lease Pty Ltd’, one of the top owner-assist Real Estate Agency in Australia.
This article reflects the personal opinion and expertise of the mentioned author and not that of Khusan.com