Across the country, more and more homeowners are opting to sell their homes themselves, including those looking to sell a Florida home without a real estate agent, instead of working with a realtor or real estate agent to help them sell their homes.
Why? One of the biggest reasons is demand: many homeowners think they can find a buyer without the help of an agent or broker taking a percentage of the sale. The typical 6% commission alone is a big incentive for many to try and sell their home themselves.
Tips for Homeowners Wanting to Sell Their Home on their Own
1. Owners Must Know Their Market – Study the Neighborhood and Avoid Getting Emotional
Real estate agents know their neighborhoods well because they have worked in these areas for many years.
If you sell your home yourself, you must handle the work these professionals usually manage.
You will need to study your local market and understand your property’s strengths and weaknesses.
You must learn about location benefits, school quality, nearby services, and set a fair price for your area.
This can be difficult if emotions get in the way, like sadness about leaving or frustration about pricing changes.
2. Owners Must Get Their Home Ready to Sell
An inspection will be part of any sale (or at least it should be); however, just getting the home ready to sell means more than dealing with those items that an inspector will point out. Landscaping the front yard for a good first impression is important. Paint should be touched up; carpets should be cleaned, lightbulbs replaced, toilets fixed.
3. Owners Must Do Their Marketing, Showings, And Negotiations
Real estate agents have lots of techniques to market properties to potential buyers. Selling without an agent means you must market the property, answer inquiries, negotiate, and handle showings yourself.
In the past, FSBO sellers often missed access to the MLS used by most real estate agents.
With Beycome’s flat-fee MLS, your listing appears on the MLS and major sites like Zillow, Trulia, and Realtor.com.
4. Owners Must Deal With The Title Company, Inspector, Surveyor, and Property Appraiser
In the sale of real estate, many professionals are involved in the sales and closing process: title companies and title insurance come into play; inspectors, surveyors, and appraisers must have access to the property. Omitting the real estate agent does not forget the scheduling issues for other professionals involved in the transaction. Cutting out the real estate agent means the owner has to do the mundane and time-consuming work that the agent would have otherwise undertaken.
5. Lawyers, Contracts, Disclosures, And More
When no agent is involved, a real estate attorney usually steps in to handle key parts of the transaction.
They can prepare the Purchase and Sale Contract and guide you through required legal paperwork. They also help with the Seller Disclosure form and confirm the escrow agent received the earnest money deposit. The attorney can verify the buyer’s mortgage commitment and ensure all documents arrive on time. They also handle delivering condo documents and other required materials to the buyer. We have an article detailing the documents you’ll need to sell your home.
What Should You Do?
A good piece of advice to sell your home on your own is to speak with an experienced beycome™️ representative.
If you are considering selling your home on your own, reach out. We can show you how to sell your house without realtor fees.
For information on selling a home without an agent or how to sell a house with beycome™️, give us a call today at (804) 656-5007 📞
beycome™️ is a listing service that helps people buy or sell a home without using a real estate agent.
Its technology brings buyers, sellers together and gives them the tools they need to act as their own DIY agents. Buyers can receive up to two-thirds cashback commission on their home purchase through the platform. Sellers can list their property for a simple flat fee and save up to six percent in commissions.