Are you thinking about selling as a FSBO (For Sale By Owner) but not sure how to sell a house without a realtor in Miami, FL? Selling on your own could save you several thousand dollars in realtor commissions letting you put that extra money in your pocket. Many people may describe it as a complicated process, but learning how to sell a house is not as difficult as they want you to believe. In fact, if you break the process down, you can sell your house with just 6 essential steps:
Step #1 – Preparing the House for Sale
The first step in how to sell a house without a realtor in Miami, FL is preparing it for sale. This step is all about doing a self-assessment of what needs to be done to make your house as attractive as possible to prospective buyers. Take a good look around your home and put yourself in your buyer’s shoes.
Step #2 – Determine an Asking Price
The next step is to determine an asking price for your home. Find out what other houses in your area have sold for and what else is available. Pricing a house even 5% over the fair market value will eliminate half of your potential pool of prospects. Fewer prospects mean fewer offers. Determining a price is a critical part of the selling process so do your homework. Learn how to price a house effectively so you can attract the most buyers.
Step #3 – Advertise Your Home
To proceed on how to sell a house without a realtor in Miami, FL, you need advertise or market your home. You want as many people as possible to know that your home is up for sale. Word-of-mouth, flyers, listing on the MLS, FSBO websites, and online classifieds like Craigslist, Facebook, and Twitter are a few ways to get the word out that your house is for sale.
Step #4 – Negotiate the Offer
Once your prospects have seen the house, they will want to make an offer. Even if agreed to verbally, try to get any final agreed-to offer in writing, even if just for confirmation, so that you don’t get into a he-said, she-said situation. Getting offers in writing also helps you keep track of multiple offers by multiple buyers.
Step #5 – Getting It under Contract
Next is getting the house under contract with a Contract of Sale or a Purchase and Sale Agreement. A financial binder is typically accompanied with the contract to make it a legally binding contract. Depending on your state, you may need to enlist an escrow agent, usually a title company or an attorney, to hold any deposit monies.
Step #6 – Close the Transaction
Here you will need the assistance of a title company. The title company is responsible for collecting all of the documents required to transfer property from one owner to another and recording the transfer with the local county government.
Although there may be a ton of things to do, remember that you can sell a house without a realtor in Miami, FL. Even better, we can help you with your goal of selling your home fast. As real estate investors, we purchase homes in Miami and nearby areas. Contact us today to find out how much we offer for your home.