How to Sell a House Without a Realtor
There are many reasons why homeowners don’t want to sell their property with a realtor or a real estate agent. Firstly, opting to sell with a realtor could mean that your house stays on the market for a long time. Secondly, the property could be in poor condition, and thirdly, realtor commission fees can be absolutely extortionate. Luckily, there are a couple of ways you can sell your house without a realtor.
Realtor vs Real Estate Agent
The terms realtor and real estate agent are used interchangeably by the general public. Both a realtor and a real estate agent can help you sell your home; however, to be a realtor one must be an active member of the National Association of Realtors (NAR). The one thing they both have in common is that they can charge a hefty commission with each sale they make. Although a realtor can offer professional advice on how to sell your home, they are not the right choice for everyone. With a realtor you must go through a long chain of events before a sale can be made. The lengthy procedure could include renovations, inspections and dealing with home showings. If you want to skip out on the long winded process and the costly commission fee, then FSBO could be for you.
FSBO, or for sale by owner, is a savvy way to sell your home if you have a lot of time and patience. Although FSBO sellers will save on real estate agent fees, there is a lot of work that goes into selling a home by yourself. You still need to prepare your house before putting it up for sale. In addition, you need to research the market and then price your property accordingly. Although you can create a listing and use the Multiple Listing Service (MLS), just like a real estate agent, you may find that your home either sits on the market for a long time, or it sells for less profit than expected. FSBO is a time-consuming process that could potentially lead to a bad sale. Those who need to sell their home quickly, or do not want to spend money on repairs, can benefit from selling their home to a home buyer.
Sell to a Cash Buyer
If you own a property that is in disrepair but do not have the funds for a renovation, then selling your home to a home buyer is the best choice for you. They are an efficient option for people who have inherited a dilapidated home, or for those who have fallen on hard times and are struggling with their mortgage payments. A professional home buyer will assess your home as it stands and they can provide you with a fair cash offer. With a home buyer you will not be charged a commission fee, or go through the tedious process of selling your house by yourself. Cash home buyers can offer homeowners a hassle free, home selling experience and they can close in as little as seven days.
OnPoint® Home Buyers can help in many different situations:
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