You can avoid agents altogether and choose the ‘sell house by owner’ option. Also known as a for sale by owner (FSBO), you can list your property for sale with several companies and take care of most of what a real estate agent would do yourself.
Selling your home using FSBO can mean it takes longer to sell your property, but it can save you around 5% to 6% on a real estate agent’s fee. You can work with many companies that act like a trimmed-down real estate agent that will help list your home and handle some advertising. But you’ll often need to pay for this upfront.
Make home repairs before listing
A part of reducing your listing costs is to make sure you can get the highest possible price for selling your home. It can be minor things that will turn off a potential buyer. For example, the crooked front gate may not bother you, but it can indicate a poorly maintained home to buyers. Investing in these minor repairs before you list your home for sale will improve your position when negotiating prices with your buyers.
Get the right price and avoid deal sweeteners
It can be tempting to offer something to sweeten the deal for buyers with home selling. This can include offering a discount if the buyers suggest the kitchen needs to be renovated. Our article ‘do kitchens help sell a house?’ will cover this example in more detail.
Buyers will generally act as if they’re not interested in a home and hope to offer a lower price than it is valued at. If you (and your agent) have done the research and set a fair price, you won’t need to offer buyers anything to help sell the property further.
With ListReady, you can borrow up to $35,000 to help with any listing costs when selling your home. You can use this money for marketing purposes, real estate agency commissions, fees associated with selling property as an FSBO, and home repairs and maintenance. Apply today!