How to Sell Your House Without a Real Estate Agent
When you first bought your house years ago, you couldn’t wait to turn it into a home. You planned out the exact location of the furniture in each room and didn’t mind mowing the lawn every week. In fact, you looked forward to it; you had just become a homeowner!
Flash forward a few years later. The garage is overflowing with junk you meant to throw out two years ago. The toilet only flushed correctly once every five times. There are four children sharing one room. It’s time to move on and move out.
Now you must decide on the right method to sell your house quick, with the least amount of effort as possible, and at market value.
Your first instinct may be to get online and search for reputable real estate agents in the Seattle area. After all, the right realtor will fight for your market value, help you stage and market your house, and partner with you through the whole journey from listing to closing.
Yet, working with a realtor comes with its own challenges. You may be fighting for the time and attention with other home buyers and sellers and have to pay commission. Plus, depending on the condition of your home, they may not be able to help you sell it in its current condition as fast as you need.
Fortunately, in a market as competitive as real estate, there are other options. If you’re considering selling your house without a real estate agent, you can either sell by owner or sell to a real estate investor. Let’s explore both options.
Sell By Owner
Some people are do-it-yourself people while others are hire-a-guy people. Depending on where you stand, the FSBO (for sale by owner) option may work well for you if you don’t mind putting a little bit of work into selling your house yourself. It essentially cuts out the middle-man of the process and allows you to take it into your own hands.
Opting for FSBO means you’re in charge of the staging, photography, marketing, and selling process for your home. Not only do you need to do all the paperwork and research to get your home sold at the right price, but you also need to find your own buyers. It can turn into a full-time job in itself!
Because homes are likely the biggest asset homeowners ever own, they’re often wary of this method. It’s like working on your car when you’re not quite sure what you’re doing. It could turn out fine after consuming a few YouTube videos and blog posts, but it is a risky endeavor.
If you have a little extra time, energy, patience, and savvy on your side, you might just very well succeed at FSBO. However, there’s no guarantee of a sale and the process of selling your house may end up taking longer than you’d like, therefore costing you more money in the end.
Sell to Investor
What if you want to save on commissions but need to sell quickly? Or, maybe your home just isn’t in the best condition to sell as is and the idea of renovating and cleaning it up overwhelms you? Fortunately, there is one more option: selling to a trusted real estate investor.
You may have heard common misconceptions about real estate investors and are understandably wary of the process. To break it down, here’s a basic outline of how it works:
Step One: Research a trusted real estate investor. Opting for a local, family-owned and operated company will ensure the neighborhood is left in good hands. Find someone who’s grown up in the area and has deep roots to Seattle’s charm and character. Not only will they make sure you’re taken care of, but they’ll also find a way to do what’s best for the community as a whole.
Step Two: Request an offer. Most investors will have a way for you to easily reach out with your basic information and get an up-front offer on your home. This will give you a chance to decide whether this is the right method for you.
Step Three: Schedule a private evaluation. For some, selling traditionally is too public. If your house isn’t quite up to code or you have lots of personal belongings strewn around, it can be difficult to show off to strangers. A representative from the company will come take a quick look at the house to find out about any fun quirks such as a view, neighborhood, and overall charm. It’s quick, painless, and gives a better understanding of the true value of your home.
Step Four: Receive a final offer. Once the investor has all the information in-hand, they’ll come up with a finalized offer that takes all considerations (i.e. renovations & repairs) into account. Then they’ll send you a fair, all-cash offer that you can accept and close upon right then and there.
Not only is the process often quick and painless, but it also saves you time and money in the long run.
Selling to a real estate investor is not always the right choice. Before you make up your mind, take a look at these pros & cons to selling your home as is versus fixing it up and selling traditionally.