Who needs a real estate agent? A lot of homeowners often prefer to sell their house themselves to avoid the high costs of real estate commissions and dealing with realtors. While this helps increase the homeowner’s margins, it’s not always the easiest route to undertake.
For Sale By Owner (abbreviated as FSBO) is when the seller choose to sell their property by listing it on the market and selling it without using a realtor. Additionally, homeowners could choose to sell their house as is because repairs may cost too much money or time. In this article we are going to talk about how to sell a house as is by owner for cash with the least amount of stress.
Selling Your House ‘as is’
You’ll need to indicate on the listing that you’re selling your house ‘as is’ if you don’t have the time or resources to make any repairs. This communicates to the buyer that what they see is what they get.
Remember that the buyer may still ask for your house to be inspected; however, you could still inform them that they shouldn’t expect any major repairs. Ultimately, you should expect your house to fetch a lower price than it would have if you did the repairs.
You could also do a pre-inspection before listing your house. Disclose everything you find in the inspection and let the buyer decide for themselves. You could get a lower price for the home, but you’ll also be able to convince buyers looking to flip properties or those looking for a chance to buy a fixer-upper house.
Thomas Myers, with Sell My House Fast In Denver, CO says that “If you want to know exactly how to sell your house as-is fast by owner and for top dollar, your best option is to sell it to an experienced local cash home buyer in your area.”
What can you do to increase the odds? Tackle high priority repairs and upgrades.
The chances are that you’ll need to do some necessary repairs on more important parts of your home if you want to get a better deal. Some of these repairs may include leaks, mold, foundation damage, furnace replacement, etc.
Tackle Minor Cosmetic Fixes
You can also spend some time and money fixing minor renovations that can help spruce up the home to create a better impact. Such renovations will help improve curb appeal and help your home sell for more.
Simple upgrades that can help your home sell include:
* A fresh coat of paint
* Additional or new lighting fixtures
* Caulking in kitchens and bathrooms
* Professionally cleaning the carpets
How To Market a Fixer-Upper
Here are some great tips on how to sell your house as is by owner and also some recommendations on how you can get a better deal for your fixer-upper:
Price Your Home Appropriately
Pricing your house is an art. You’ll need to set the best price that attracts buyers, but it shouldn’t be too low that it hurts your pockets. Compare prices for similar homes that have been recently sold in your area.
Focus on The Positives
It would help if you focused on your house’s positive aspects regardless of whether it needs some improvements. It would help if you mentioned the lot size, location, and floor plan to make the best selling points.
Use Proper Keywords
It would be best to use proper keywords with features that buyers are likely to be interested in. Use eye-catching words that add value to the listing like upgraded, spotless, landscaped, etc. Ensure that they are accurate.
Selling a house as is yourself without a realtor can be a potentially challenging task and time-consuming; however, it’s entirely impossible. As the idea of selling a house by owner online becomes more normalized for homeowners with the help of real estate and social media websites and having access to more information. Selling your property by owner without a realtor has become easier than it has been in the past and worth considering.
That’s not to say that you should take sometime and invest your resources to ensure the home is marketable and saleable.