Yeah, you sure can. In fact, selling your house by owner is more lucrative and controllable than selling it with the help of a real estate agent.
If you are someone sitting at home wondering how to sell your house by owner in Georgia or any other city in America, know that selling a home is a learning process. It isn’t something a person does every day. When you keep a learning mindset and prepare for what’s ahead of you, it will help you keep things under control while you pocket a good amount of money at closing.
You can sell your house in America in many different ways. For example, you can sell to companies that buy houses for cash. Or a much better option, financially, would be to sell your house by taking the for sale by owner or FSBO route. When you choose the latter option, you lead most of the home selling process right from listing your home to closing the sale.
There are broadly two categories of selling a house FSBO:
Below are some of the advantages of selling a house by owner:
Below are some of the disadvantages of selling a house by owner:
Of course, you would want to sell your home so that you get to keep a higher-than-expected amount of money during the closing. For that and some other reasons, homeowners often prefer to sell their house FSBO without a realtor. You can even sell your house to companies that buy houses for cash but you’d get less money as compared to the value of your house. Selling a house for sale by owner or FSBO requires time, drive, and ambition.
After going through the pros and cons of selling your home by owner, if you still think that FSBO would be the right option for you, read ahead. You can plan and position yourself better for success. Take the following steps to sell your house by owner in Georgia or someplace else:
Of course, your home has to look good in order to sell quickly and for good money. Prepping your home is the first step. Polishing up the interior and exterior of the home with paint, etc. would increase your home’s curb appeal. It could take a while even to make minor repairs so be prepared.
Even if you are not selling FSBO and working with an agent, prepping your home is an important first step. Also, the best time to prepare your home for sale is before marketing it. Get your home staged for photos so that your home listing can be posted online as soon as possible and you can start reviewing offers.
Do your homework on properties sold in your area. You can use the home value estimator tool present on real estate websites to get a price estimate of your property. You can even get a comparative market analysis done by an agent to arrive at a more accurate price. The third and best way is to hire a home appraiser, as she will be required anyways during the home buying process and you can use her to calculate the right price of your home.
You can list your house on free FSBO websites or better, list it at a good flat fee MLS website like Houzeo that integrates your house listing to top real estate websites as well. You can put up yard signs, post on social media, print flyers, talk to friends and family, and even set up a website to market your home. To know more about them check Houzeo reviews.
We know that showing your house can get tricky, especially when you have kids or pets to shift from the home for each showing. One option is that you can offer a video tour of your house with a 3D video. However, eventually, a prospective buyer and even a home inspector would need to look at your home in person. This way, your chances to sell the home also increase.
Once your home listing is online, offers hopefully start pouring in. You’ll be required to review the home buyer’s offer and the purchase contract, which is where help from an attorney could help you. Prospective buyers and agents could include contingencies like purchases are dependent on findings from a home inspection, etc. You would also need to provide disclosures to buyers, often required by state law.
The last leg of the process is sale closure after which you can stop being a one-time realtor! Some states may need you to have a lawyer during the closing.
Remember that you are selling your home FSBO essentially to cut costs and once the process is over, you are supposed to get the sale done for a cost that is less than if you had hired a realtor. Even if you don’t hire a real estate agent and are selling your house by owner in Georgia or elsewhere, you’ll need to hire at least some real estate professionals to complete the process like a real estate attorney, an appraiser, and a title company.
FSBO can be a good way to sell a home if you are still wondering how to sell your house by owner in Georgia or any other city, but it makes the home selling process a little complicated. You would need to be aware of many processes and documentation of the process and be on top of many things to close the deal. In such a situation, it is best to get some professional help from a For Sale By Owner platform like Houzeo.
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