Home Selling in Jonesboro>Question Details

Susie, Home Buyer in Crittenden County, AR

How can I sell a house online without a realtor?

Asked by Susie, Crittenden County, AR Tue Oct 5, 2010

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Many online websites are not for use by for sale by owners. The fees paid to obtain properties from MLS listings by the search engines and the local fees that real estate agents pay for access to the multiple listing service is a benefit of using a real estate agent. Marketing is one of the key items you are paying for. An agent can get your home mass marketed all over the Internet.

Short of that, you can try Craigslist. But, please note, according to a national study in 2011, only 6% of the homes that sold on the open market were for sale by owner. Most ended up ultimately using a professional to market and sale their home. Good Luck.
0 votes Thank Flag Link Mon Jun 11, 2012
You can sell it yourself. Remember, 87% of buyers are in the car with a Realtor. So the $$$ you save by cutting the pro out, can actually cost you $$$! That being said, you have about a 13% chance at the other buyers out there looking for a steal. Good luck
0 votes Thank Flag Link Mon Jun 11, 2012
How to sell your home yourself
Many homeowners take on the task of selling their home themselves. It can save you money in commission but you must be willing to spend some money to market your home. You also need to be aware of the real estate laws in your area

The first thing you need to do is prepare your home. You need to clean it inside and out. Make sure the yard is neatly mowed at all times. It is also important to make repairs to anything that is not in working order. A fresh coat of paint in stained areas wouldn't hurt either.

Next you will need to determine a listing price. A lot of people don't do the research and list a home for what they need to get out of it or what they think it is worth. This is definitely a mistake. You can look around the neighborhood for homes listed by an agent and call to see what those home are selling for. You can go to your county's public records and see what comparable homes sold for in your area. You can also get a free comparative market analysis from a Realtor. Listing your home at the right price is key to selling it in a timely manner.

Next you will need to market your home. There are several ways to do this. It is a good idea to create a flyer explaining the features of your home. You should put a for sale sign in the front yard and purchase a container to put flyers in so that drive bys can pick up a flyer. You can get these at your local home improvement store. Then you will need to advertise your home. You can find online sites to post it such as forsalebyowner.com and many others. You can put an ad in your local newspaper or find local bulletin boards to post it on with tear off phone numbers. Areas to post could be your local shopping mall, stores, libraries, and apartment complexes.

You may want to have an open house. Hand out flyers to your neighbors and invite them to your open house. You never know who they know that might be looking for a home. Be cautious of who you let in your home. Since you are letting strangers into your home, it is a good idea to walk around with them at all times. In addition to the open house, you need to be available to show your home to prospective buyers. Plan to take calls regarding your home at all hours. You need to have a flexible schedule.

There are many other legal details that go into selling a home. You should consult with a real estate attorney or a local title company that specializes in real estate transactions. They can draw up a contract for purchase once you have a buyer. Other things that come into play when selling a home are an appraisal, a title search, a survey, inspections, and setting up a closing date and time. For more detailed information check out foresalebyowner.com.

Tammy Hayes, Realtor, Sandals Realty, Punta Gorda, FL tammyhayesre@gmail.com
0 votes Thank Flag Link Sat Oct 23, 2010
And yet, five real estate agents were willing to help.

Personally, I'd test this, "I don't know how to do it, but I bet I can learn as I go" on something a little less valuable than my own home.
0 votes Thank Flag Link Sat Oct 23, 2010
Does the thought of paying a realtor thousands of dollars to list and market your house make you cringe? It IS possible to sell your own house without a real estate agent - if you're willing to roll up your sleeves, do your homework and do the legwork yourself.

According to a number of different sources, between 80% and 90% of owners who attempt to sell their homes on their own eventually enlist the aid of a realtor. Of the remainder, most end up lowering their price in order to sell. What makes the difference?

In a few words, research, availability and hard work. Selling a house may LOOK easy, but there's far more to it than sticking a sign on the front lawn and waiting for the calls to come in. There's an amazing tangle of laws, regulation and knowledge that go into making a successful sale. If you're going to succeed in selling your house privately, you'll need at least a passing knowledge of it all.
0 votes Thank Flag Link Sat Oct 23, 2010
You can google FSBO online sales, or here are a few below:

http://www.forsalebyowner.com

http://www.zillow.com

http://www.craigslist.com

http://www.corkin.com

If the going gets tough remember that Realtors are an option. Good luck
0 votes Thank Flag Link Tue Oct 5, 2010
You can opt to be a for sale by owner, and post your property on any for sale by owner web sites--or you can consider any flat fee realty company that feeds into MLS and other internet sites--do keep in mind that pricing and marketing are paramount in today's market--be aware of comps, recently sold similar properties in the immediate area and know your competition. If you choose to sell on your own, do protect yourself and utilize the services of an attorney who specializes in real estate--also do use caution when allowing strangers into your home--hide/remove any valuables you may have, etc.
0 votes Thank Flag Link Tue Oct 5, 2010
Hi Susie, you've got some options - "for sale by owner" is one, the other is to engage a limited service listing firm that charges a minimal fee to list your home on the MLS. You are selling on your own, but have the advantage of getting on the MLS, which really is the minimal amount of exposure to have a chance of success.

My suggestion is this - give yourself a limited period to try on your own - say 3 months, and if you don't succeed than switch gears and hire a pro. If you do succeed, hire yourself a good attorney -you'll need his assistance to fill in where an agent would normally provide support/guidance.

Best,
Jeanne Feenick
Unwavering Commitment to Service
Web Reference: http://www.feenick.com
0 votes Thank Flag Link Tue Oct 5, 2010
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