Steps To Selling A House By Owner

Selling your home all alone can be a hectic and taxing process, especially if you are doing it for the first time. From negotiation stalemates to crazy demands by potential buyers, the process can at times become unbearable. That’s why many people prefer to sell their homes through real estate companies. This isn’t necessarily the best route for homeowners with less than market-friendly properties, and even selling your property through a realtor can turn out to be a nightmare when working with the wrong realtor.

Some of these real estate companies will force you to do a lot of expensive repairs while they enjoy the biggest share of the profits. You can easily avoid these frustrations by selling the house yourself or working with a Trusted House Buyer like us. Here are some important steps you need to follow when selling your own house in San Diego.

Determine The Fair Market Value Of The House

Before you place your house on the market, take your time to determine the best price. The price of your house will depend on several factors including the overall condition of the house and the current market price. Therefore, you need to do thorough research on the current property market, comparing the prices of different homes that are similar to your house – in your same area, and in a similar condition.

If you underprice your house, you will get less cash than you deserve. And if you overprice it, you can suffer the agony of going for months without selling. Fortunately, there are many free online real estate valuation tools that you can use to determine the best price for your house. If that doesn’t work, you can hire a licensed appraiser to do a valuation for you. Quick computer algorithms found on big name real estate websites are often inaccurate and in some cases, can be significantly off the mark.  

Prepare The House For Sale

As you are preparing to put your home on the market, start by taking a walk around the house and viewing it through the eyes of a potential buyer. During this viewing, ask yourself all the right questions. 

For instance, ask yourself: If I were a buyer, what would I like and not like about the house? It is important to look at all the negative aspects of the house because every time a potential buyer steps into the house, their main concern will be the flaws. They know that they will be responsible for the flaws once they buy the house.

They will also be asking themselves these questions: What’s the overall appearance of the house? Does it have the right curb appeal? Is it in a liveable condition, or will the property need significant repairs? Does it have a good flow? Does it feel right? You have to ask yourself all these questions and answer them honestly.

Market Your House

Although there is no easy way to sell a house by yourself, there are some basic marketing ideas that you can try. For instance, you can put up a sign in your yard to inform the passersby that the house is for sale. Make sure the sign is clearly visible and legible. You can also create some sales brochures and flyers advertising your house. If you are not a graphic designer, you could use simple online tools or hire one to design the flyers for you.

If these two options don’t work for you, you can simply market the house online. Fortunately, there are many online platforms on which you can market your house for free. Alternatively, you can host an open house by inviting the public to view the house. These are approachable options that let you promote your home to those close by and within your network. 

Negotiate The Sale

Without a real estate agent to sell your house, you have to do the negotiations yourself. It’s almost certain that every potential buyer that comes to view the house will give you an offer that is below your asking price. 

So you have to convince them to increase their offer. You also have to decide how low you are willing to go.

Close The Deal

Closing on a property is a legal process and, therefore, you must follow specific steps. Normally, this is handled by a closing attorney or a title agent. The person you choose to handle this process should advise you on the required procedures.  

As you can clearly see, the process of selling your house by yourself is quite hectic and confusing. But you can avoid this hassle by selling your house in San Diego through a reliable and honest real estate company like Trusted House Buyers. We handle all of the stress and headaches associated with getting your home sold, and cover all closing costs throughout the process.

Our family-owned and operated real estate company works with homeowners across San Diego County and is committed to providing a fast, honest, and pain-free way of selling houses that are either a nuisance or burden.

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