Can Anyone Be Their Own Real Estate Agent?
With most of Australia’s real estate market slowing down, the question on everyone’s mind is: is it possible for one to sell their own house by cancelling out middlemen – middlemen being the real estate agents, that is. The answer to this question is fairly simple – yes, it certainly is possible to do so – but the procedure, however, is not everyone’s cup of tea.
In a rapid selling market, it’s easy for anyone to plant a board outside their house and watch the buyers float in – with or without the assistance of an agent. This is because every buyer is looking for the best house they can find for the best price. When the market is slow, it isn’t that simple, but it’s definitely not impossible either. If you’re among the people who wish to cut out the mediator involved in selling your house, here are some steps on how to sell without an agent:
Fix All Repairs
When you’re trying to sell a house without the assistance of an agent, you are the only person who is in charge of getting the best price for your house. In order to do so, you’d have to make your case convincing to the buyer – which also means that the house must be in the best condition possible. Many buyers are uncertain about buying houses directly from the seller especially if the house is in a bad condition. Thus, you should ensure that you fix all repairs and restore your house to perfection.
Accumulate All of the Required Documentation
When you sell with the help of an agent, gathering documentation and presenting it to the buyer is quite simple. However, being your own real estate agent removes that luxury, so you must be prepared to do the dirty work on your own. Gather all required documentation, with the help of a checklist so you’re sure you haven’t left anything out. Additionally, harness the power of the internet and find out further information about the real estate market in your locality and what documents are required.
Market Your House Effectively
There are a lot of different ways to market a house that a home seller can make use of when they take up the tedious task of selling their home on their own. Since this is how you’re going to reach out to potential buyers, a lot of time and thought must be given to this step. The first thing one should do is to spread the word to friends, acquaintances, family and relatives. Often times, when people hear from reliable sources, they are more likely to consider buying a house directly from the seller.
In addition to that, there are tons of websites that you can use to market your house to thousands of people. Putting up advertisements on the internet as well as on newspapers has always proven to be effective, too. The key to selling your house on your own is to be patient and dedicated as well as prepared to handle the responsibilities of the task at hand.