Exploring Alternatives When Selling Your Greensboro Home
Considering selling your house in Greensboro? It’s crucial to understand that you have various options beyond the traditional MLS listing. An increasing number of homeowners are discovering the benefits of selling their properties without hiring an agent. This approach not only saves time but also cuts down on costs. Delve deeper into this topic by exploring our latest blog post!
How To Sell Your House Without An Agent in Greensboro
What are the benefits to listing without an agent?
Eliminating the middle man in real estate transactions comes with a multitude of advantages. One of the key benefits is the potential cost savings, both in terms of commissions and out-of-pocket expenses when preparing to list your property in Greensboro.
To present a competitive property, it’s often necessary to undertake repairs and upgrades. Anyone who has engaged in a home repair project understands the likelihood of unforeseen costs and multiple trips to stores like Home Depot. Opting for professional services can escalate costs considerably. It’s essential to only tackle projects within your expertise level to avoid complications. This is not the ideal time for experimenting with new wall texturing techniques.
When you don’t use a realtor, you don’t have to pay anyone a commission. A direct sale between two private parties will allow you to keep money in your pocket! You can expect to pay about 6% of your final sale price is commissions to the agents. This can be several thousand dollars! Also, when you work with n agent, you will typically be bound by a listing agreement, giving them the exclusive right to sell. This means, no matter how you sell the home (even if you find the buyer yourself) you will still owe a commission to your agent.
How do I get started?
When setting the price for your home in Greensboro, do your homework first. Avoid relying solely on automated tools like Zillow for home value estimates, as they can often be inaccurate due to false data. Realtors typically use more reliable methods, such as Comparative Market Analysis (CMA), to determine the true value of a property. Researching actual sales prices of similar properties in your area is crucial. Instead of focusing on listing prices, look at final sale prices to gauge the market accurately.
If you initially set a high price and see little interest, it’s advisable to make adjustments. However, frequent price reductions can create the perception of desperation or issues with the property. It’s best to set a fair and well-considered price from the start to attract genuine buyers. Keep in mind that pricing history is visible to potential buyers on platforms like Zillow and Trulia.
For a professional opinion, consider consulting a reputable appraiser, which typically incurs a nominal fee of a few hundred dollars. This upfront investment can provide valuable insights and help you price your home accurately.
Work Your Advertising Game
Pictures say a thousand words! Time and time again, you see real estate listings with poor imagery. If you want to sell your house using online advertising, you need to have great pictures! If your pictures don’t look professional, hire a pro! This might be one of the best things you do when selling your home. In addition to great pictures, you need to make sure the text gives as much detail about the property as possible. Let people know exactly what they are getting, and make sure to touch on every amenity the house offers. Be sure to be mindful of Protected Classes in all of your advertising.
Make It Happen!
You will want to prepare your house for listing. Clean like you have never cleaned before and make any noticeable repairs. Get a head start on packing by removing all clutter and personal items. People don’t like to feel as if they are intruding when they enter your home.
Make a list of selling points/upgrades to show prospective buyers. If the AC was replaced last year, and the roof the year before that, be sure to let them know. Hand out a flyer or brochure with this information, as well as your contact info. You will also want to be a “concierge” to prospective buyers. An agent can usually answer questions about the area, and you should be able to too. Make a map with important places marked. Know where schools are and how long commutes take.
You’ve Found A Buyer, Now What?
Create a contract and accept only WRITTEN offers that include a deposit. You should consult with an attorney and accept the offer only on their approval. Without an agent, you will need to handle all legal and financial paperwork. It is best to work with a lawyer, and a title company you know and trust!