Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
    • Design Ideas
      • Bathroom
      • Bedroom
      • Dining Room
      • Living Room
      • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Building Staircase
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
    • Design Ideas
      • Bathroom
      • Bedroom
      • Dining Room
      • Living Room
      • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Building Staircase

Categories

  • Accessories
  • Backyard
  • Bathroom
  • Beauty
  • Bedroom
  • Cars
  • Decor
  • Design Ideas
  • Dining Room
  • DIY
  • Entertaining
  • Exterior
  • Finance
  • Front Yard
  • Furniture
  • Gardening
  • Green Living
  • Home Design
  • Home Improvement
  • Interior
  • Kitchen
  • Landscaping
  • Lifestyle
  • Living
  • Living Room
  • Organize
  • Photography
  • Real Estate
  • Remodeling
  • Tips
  • Wall Improvement
  • Woodworking

Archives

  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us
29K
98K
0
Dream Lands Design Dream Lands Design
  • Home Improvement
    • DIY
    • Remodeling
    • Woodworking
    • Accessories
    • Home Design
      • Furniture
      • Organize
      • Tips
      • Decor
        • Interior
        • Exterior
    • Design Ideas
      • Bathroom
      • Bedroom
      • Dining Room
      • Living Room
      • Kitchen
  • Gardening
    • Backyard
    • Front Yard
    • Landscaping
  • Building Staircase
featured image - How to Sell Your Home Without a Realtor?
You're here: Home Real Estate How to Sell Your Home Without a Realtor?

How to Sell Your Home Without a Realtor?

  • Perla Irish
  • June 1, 2022
Total
2
Shares
0
0
2
0
0
Table of Contents Show
  1. A Guide to Selling your Home with a Realtor
    1. 1) Why Sell Your Home Without a Realtor
    2. 2) Are There Any Cons of Selling a Home with a Realtor?
    3. 3) Options to Sell Your Home Without a Realtor

If you want to sell your home, then most probably you will work with a realtor. A realtor is a real estate agent or broker who will help you sell your house.

image - How to Sell Your Home Without a Realtor?
How to Sell Your Home Without a Realtor?

The agent will ensure your property is listed on various databases. They will also help you negotiate with buyers until the deal is closed.

In exchange for this service, they charge a commission on the sale price. The commission charge would be around 3%.

This is the commission charged by the listing agent who represents you. If the buyer also has an agent, then they would also charge 3%. The overall commission would be 6%, which is a big amount.

Can you then save on the commission by selling with a realtor? The answer is yes. You can sell your home without using the services of a realtor. In this guide, we tell you how to do it.

A Guide to Selling your Home with a Realtor

1) Why Sell Your Home Without a Realtor

There are many benefits of selling your home by using the services of a realtor:

  • The biggest benefit is the savings on commission. You can save anywhere from 3% to 6% of the sale price, which is a substantial amount.
  • You can directly deal with the buyer by using an intermediary. This allows you to ensure the transaction happens in the way you want. You don’t have to do what the realtor tells you.
  • When you work with a realtor, you may end up with a person you don’t like or someone who is not competent. This can be frustrating. Working with a realtor helps you avoid these problems.
  • When you sell without a realtor, you can use the services of a technology company like Houzeo. This will allow you to list your home for sale within 24 hours.

2) Are There Any Cons of Selling a Home with a Realtor?

There are some drawbacks to selling your home without using a realtor. You need to be aware of the:

  • When you want to list your home for sale, you need to list it on MLS (Multiple Listing Service), a database of properties.

When thinking of how to list on MLS the main issue is, that you cannot access the MLS on your own. Only agents and brokers can access it. You need to work with a website that employs agents to list the property.

  • A realtor will help you negotiate and will be with you through the closing. Without a realtor, you will not be able to get this service. You have to do the negotiations and manage the closing yourself.
  • If you are not experienced in this field, it can be tough doing everything on your own.

Read Also:

  • Pros and Cons of Hiring a Realtor for Selecting a Perfect Property
  • 5 Amazing Reasons to Hire a Realtor While Purchasing a New House
  • 6 Pros and Cons of Hiring a Realtor for a Home Sale

3) Options to Sell Your Home Without a Realtor

Having gone through the pros and cons of selling your home with a realtor, you should now be able to decide if you want to proceed. If you decide to go ahead, then here are the options available.

a. Use the Services of a Discount Brokerage

This option does not completely eliminate the real estate agent. Instead, you work with the type of agents who are known as discount real estate brokers. These Realtors offer substantial discounts on their services.

This works to your advantage. Depending on the brokerage you select, you can end up paying only 1% to 3% of the commission. This allows you to save money while still getting to work with a realtor.

b. Using an FSBO MLS Listing Service

The easiest and best way of selling your home without a realtor is using the best house for sale by owner websites. FSBO is For Sale by the Owner.

This approach allows the seller to sell their property all by themselves. This means the seller can sell without using an agent. Such real estate companies like Houzeo are technology-enabled.

They would have a website and allow sellers to get their property listed on the MLS without hiring an agent. For this service, they would generally charge a flat fee.

The fee would cover the listing of the property on the MLS and also on other real estate websites. There is no commission charged and hence the seller would save a lot of money.

Such websites offer various other services like professional home photography, home cleaning, staging the home for sale, etc.

These services are optional and if the seller wants they can pay extra to use the services. This is the best way for a seller to sell their home without having to pay the realtor’s commission.

4) How Does the Process Work?

The first thing is to find a good website that allows you to use the FSBO service. The website should have a flat fee MLS model where you can pay a flat fee to register your property on the MLS. You need to check if there are any hidden fees, so you don’t get a nasty surprise at the end.

Choose a real estate company that has an intuitive website that makes it easy to manage your listing. They should preferably have an app to use on your mobile. Look for a company that has good reviews with a rating of more than 4.75/5.

Once you finalize the real estate company and website, the following are the steps involved:

  • Register by paying the flat fee and get your property listed on the MLS. Look for a provider who does the listing quickly.
  • You can do your own marketing to attract buyers. You can share information about the listing on social media. This is a great way of letting people know about your property.
  • Prospective buyers would want to see your house. Make it look good for house viewing. Clean up the house and spruce it, so buyers would like it.
  • Put a ‘For Sale sign in the yard. Taking professional photos will help attract buyers.
  • If needed, you can use the services of the real estate company for all these.
  • Start negotiations with the buyers. Once you finalize the price, close the deal. Ensure all paperwork is complete. You can again use the services of a provider like Houzeo to get all this done seamlessly.
Total
2
Shares
Share 0
Tweet 0
Pin it 2
Share 0
Share 0
Related Topics
  • home
  • realtor
  • service

Subscribe

Subscribe now to our newsletter

You May Also Like
featured image - minimalist home
View Post

9 Easy Ways to Start a Minimalist Home: Embrace Simplicity and Create Tranquility

  • June 2, 2023
featured image - AC Problems
View Post

Common Air Conditioner Problems: Troubleshooting Guide for a Cool and Comfortable Home

  • June 2, 2023
featured image - The Importance of HVAC Repair & Regular Maintenance
View Post

The Importance of HVAC Repair & Regular Maintenance

  • June 1, 2023
featured image - cabinet hinge
View Post

The Complete Guide to Finding the Best Cabinet Hinge

  • May 31, 2023
featured image - living room
View Post

How to Choose a Set for the Living Room: Expert Advice

  • May 30, 2023
View Post

The Ultimate Guide to Rooftop AC Unit Installation

  • May 30, 2023
featured image - diy ac services
View Post

The Truth About DIY AC Services: What You Should and Shouldn’t Do

  • May 30, 2023
featured image - mini split instalation
View Post

Mini Split Installation for Commercial Settings: Benefits and Considerations

  • May 30, 2023
Dream Lands Design
  • Privacy Policy
  • Terms of Use
  • Disclosure
  • Sitemap
  • Contact Us

Input your search keywords and press Enter.

Add Dream Lands Design to your Homescreen!

Add