As a business professional, you likely have acquired a lot of general business skills that have prepared you for many different situations in life. One situation where your business skills can really come in handy is when you’re ready to sell a home or other property. Although most people look for a realtor to handle this transaction, going without one can save you from losing out on some of the equity you’ve put into your home along with giving you more control over the situation entirely. But to give you a little help on your way, here are three tips to consider when selling your home without a realtor.
The Price Is Right
One of the biggest challenges people have when selling their home is setting it at the right price. If your home is priced too low, you’re not getting what you deserve. However, if your home is priced too high, you may find that it takes you much longer to sell it than you anticipated, and you’ll likely have to reduce the price to get the buzz you want. To help with this, John Steele, a contributor to MoneyCrashers.com, recommends for sellers to do their research about their neighborhood and their local market to ensure you set your home at fair market value. By pricing your home right, you’ll have a greater chance of reaching your goal, which is to sell your home at a profit.
Put On Your Marketing Hat
Once you’ve decided to sell your home on your own, it’s time to put on your marketing hat in order to spread the word about your listing. If you’ve acquired any online marketing skills while in your profession, now would be the time to bust out that knowledge. According to AJ Smith, a contributor to CBS News, some of the best places to market and advertise your home include online listings, forums, networking websites, and more traditional ways like ads and signs. Just keep in mind that marketing will require you to spend a little of your own money in order to get the wheels moving on your home sale.
Be Flexible With Showing Schedules
When your home is on the market, you’re going to want to do all you can to entice and encourage offers from buyers. One thing you can do in this area that requires very little monetary commitment is to be very open and available with regards to showing times. Susan Johnston Taylor, a contributor to U.S. News and World Report, shares that most buyers want to see homes outside of business hours, meaning that you should make it easy for people to set up a time to see your home at nights or on weekends. By being flexible in this area, you increase the chances of getting offers made on your home.
Selling your home without a realtor is definitely something you can take on. Use the tips mentioned above to help you be more prepared for what it requires to sell a home on your own.