We purchase houses in Miami, Florida. The real estate business can be highly profitable for realtors who receive commissions of up to 6% of the sale price of a home. This can result in them earning a six-figure income per year.
However, for homeowners looking to sell their homes, paying up to 6% of their home’s value to a realtor can be a difficult decision. Fortunately, it is not always necessary to hire a realtor as around 11% of homeowners manage to sell their homes without their assistance.
We are Miami-based home buyers offering cash for houses. Here are four things to know if you want to sell your house yourself.
1. You’re Going to Work Hard
Real estate agents earn their commission for a reason. Selling a house involves a lot of work, including listing the property, marketing it, and handling all the paperwork necessary to complete the sale. If you have a day job, be prepared to devote most of your evenings to your home until it sells.
You will need to spend your nights updating your listings, your weekends showing the house to potential buyers, and then managing the documentation involved in selling your home. It can be a headache, but if you want to save tens of thousands of dollars, the effort is worth it.
2. How to Price Your Home
Pricing your home competitively can be challenging. It is important to find the right balance between setting a fair price and making sure that you don’t undervalue your property. The median price of a home in the US is currently $188,900.
However, to price your home effectively, you should do some research about similar homes in your area. By comparing the sale price of similar homes in your area, you can get an idea of what your home is worth. If you want to get the most value for your home, aim to set your home’s value slightly above the average price in your area.
3. Understand the MLS and Other Listing Services
Selling a home without the help of a realtor can still cost you a considerable amount of money. Listing services such as the MLS (Multiple Listing Service) can be expensive, with a flat fee of up to $300 depending on your location.
Additional expenses like newspaper ads, for-sale-signs, and online ads can range in cost from a few hundred to a few thousand dollars.
However, you can save some money by using alternatives such as Craigslist and other local listing sites.
4. Learn How to Negotiate on Your Own
When a prospective buyer is interested in purchasing your home, they will typically draft an offer and present it to you. As a seller, you have the option to accept the offer or make revisions and present a counteroffer to the buyer. This process continues until both parties come to an agreement.
Normally, in this process, two realtors represent the buyer and the seller. However, since you are selling your home on your own, you will need to feel comfortable creating legally-binding documents.
Now That You Know How to Sell Your House Yourself…
If you are looking for a good place to list your home, there are a few options to consider. The MLS and your local newspaper are both good places to start, but sometimes your home can get lost among other listings.
However, if you are selling a home in South Florida, our website can help you. We specialize in quickly getting homes on and off the market, and selling them for the best price. If you’re interested in learning more about our services, feel free to contact us. Our site can also help if you are wondering how to sell your house yourself.
Sell My House in Miami FL
If you’re looking to sell your house in Florida quickly, 123SoldCash.com can assist you. We are local homebuyers based in Miami, and we strive to help local homeowners have a smooth and hassle-free sale. If your Miami house is eligible, we can make you a fair cash offer quickly. If you have any questions, please feel free to contact us at (786) 904-1444 or fill out our online form, and we’ll get in touch with you shortly.