How To Sell My House Fast In Philadelphia Without A Realtor
Selling your house in Philadelphia especially if you are not using a Realtor can seem like a daunting task. However, this should not be the case if you have the proper advice. Read on to learn about how you can sell your Philadelphia home without using a Realtor.
When trying to sell your home without the support of an experienced and licensed real estate agent to help you in navigating your way through the process, it is important to be aware of what to expect. All that you should keep in mind is that not all situations require a Realtor and it is actually possible to sell your property quickly on your own.
Here are 5 things that you need to do to you sell your Philadelphia home quickly without using a Realtor before you put that For Sale By Owner sign in your front yard.
1. Hiring A Photographer and Staging The Home
When hiring a professional Realtor, the package typically includes in part professional photography of the exterior as well as interior of your home. Professionally done photos are critical marketing components to a quick and fruitful sale.
A house that is For Sale By Owner needs to include high-quality photography but only upon staging the house. Staging the house can involve the use of a professional or doing the staging yourself. Staging involves arranging the furniture, boxing up of personal mementos and photographs, and de-cluttering all in an effort to highlight the key features of the home.
When selling your house on your own, you should start looking at it as a piece of property as opposed to your home. However, this is easier said than done particularly considering that it is where you have so many memories and experiences and is where you live. You should consider your house as a product and distance yourself emotionally from it if you would like to walk away with the best outcome from the sale.
2. Web-Based Marketing is King
It is important that you market your house to as many potential buyers as you possibly can. In the world of today, the best avenue for reaching many potential buyers is probably the Internet and by extension social media. Today, it is not enough to just place ads in the newspapers or put up signs in your yard since the vast majority of homebuyers now use the Internet as the main medium for doing their shopping.
Besides using popular For Sale By Owner websites and social media to sell your home, you could also pay a flat fee and have your home appear on the Multiple Listings Services (MLS). The MLS is simply a database operated by real estate agents that lists homes for sale. Appearing on the MLS gives your home a much wider audience since over 50 percent of recent homebuyers actually use MLS websites when searching for a home to buy.
3. Building Rapport With Appraisers and Title Companies
It is good to establish good rapport with appraisers and title companies ahead of time particularly if you have never been involved in the process of selling a piece of property on your own.
The title company cannot actually negotiate the transaction but can offer you a blank contract then walk you through the different steps. It can be a good idea to talk to either a mortgage broker or bank about what you should expect and about financing too.
Hiring an appraiser as well as a home inspector before you actually list your property will also help you identify any potential problems and help in managing expectations. If you are a For Sale By Owner seller, find a suitable local but licensed appraiser to help you come up with a reasonable listing price.
4. Ensuring That You Set Your Price Right
Always remember that getting the price right is critical to selling your house fast. Failing to price your property properly is probably one of the biggest mistakes you can ever make when doing a For Sale By Owner. Underpricing your property can have you leaving money on the table while overpricing it can leave your home sitting on the market for an extended period.
In many cases, homeowners believe that their property is worth far more than the market is actually willing to pay. Homeowners usually tend to do this because they have emotional ties to the home and the home’s appearance could make the owner believe that it is worth more than the market allows. The result is usually the home having to sit on the market for an extended period and this just tends to draw a red flag on the property.
If you would like set an appropriate price, it is important to first do some research on properties that have been sold recently in your neighborhood and to hire an appraiser.
5. Hiring A Qualified Lawyer
In theory, real estate transactions might appear simple. After all, it just involves person B receiving money from person A in exchange for a piece of property. However, in reality, this process can be full of pitfalls and perils.
Hiring a competent, qualified, and experienced real estate attorney to help in reviewing contracts will help protect you in the end. The real estate lawyer should be available to vet any contracts drawn up for any potential legal problems. This however does not imply that the lawyer can give advice about what is or what is not a good offer. The role of the lawyer would be to ensure that you cover your exposure to any legal liabilities that may pertain to the contract.
If you would like to sell your Philadelphia home fast without involving a Realtor, all you need to do is follow the advice given in this article. Selling your house fast can be challenging without the proper advice but incredibly easy if you have the right information. The advice provided in this article will definitely help you sell your house in Philadelphia quickly without involving a Realtor.