From real estate agents to mortgage lenders, there are a number of people you may need to work with during the process of selling your house. But, as the National Association of Realtors explains, there are also ways to sell your home without a realtor—or “for sale by owner.” In fact, according to the NAR, such sales made up 10% of all property transactions in 2021. If you’re thinking about listing your home as FSBO, it’s important to understand the paperwork involved.
One of the biggest challenges reported by FSBO homeowners was setting a fair price for their homes. To get an idea of what your house might be worth, look at comparable homes that have sold in your neighborhood recently. Also, consider the condition of your property. If it needs a lot of work, or if it has unique features that might appeal to some buyers, factor in those costs when determining your list price.
How can I sell my house without a realtor offers and negotiating with buyers is another important step for sellers. It’s essential to understand how to read and manage a buyer’s offer—including terms like contingencies, financing, and inspections—and to be prepared for counteroffers.
Fastest Ways to Sell a Home in Any Market
It’s also a good idea to hire a lawyer or title company for the closing process. This will help ensure that all legal requirements are met and that the transfer of ownership is smooth. You can find a local attorney or title company by searching online or checking with your state realtor association.