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The median home price in America is $350,000 which is 24% higher than it was a year ago. There’s no doubt the housing market is hot. If you have a North Carolina home for sale, get ready to make the sale because buyers are looking and ready to spend top dollar to find the right house.
But what if you aren’t willing to pay out all those commissions to realtors, especially if you already have the opportunity to turn a real profit on selling your house? It also makes it hard to pay those commissions knowing how easily many homes are selling in the current market.
So, what are your options if you’re ready to sell but want to avoid using a traditional real estate broker? Read on to learn more.
1. Hot Housing Market
The truth is in a hot housing market it should be easier to sell your house yourself. The trick is letting buyers know it’s available. You need to research what resources are available to market your home.
Use word of mouth to let people know you’re selling. For many buyers, it’s so competitive to even find a home to buy. There’s likely someone you know already looking for a home.
2. You Can Get on MLS
It used to be that the only way to get your home listed on the MLS listings that real estate agents use was to list with an agent. That is not the case anymore.
Now you can pay a flat fee to an MLS listing company to put your house on the MLS listing. These listings are used by well-known websites like realtor.com and Zillow to create their listings. So, getting your home on the MLS listing is a major step in marketing its sale.
3. FSBO Is Doable
Some people are intimidated by the idea of doing an FSBO or for sale by owner sale. You just need to do your homework and be prepared by knowing what forms and steps you need to take legally.
If you’re worried, you can always hire a real estate attorney to help guide you. This will certainly be less than the commission you’d pay to a realtor.
Be prepared though, selling FSBO doesn’t automatically get you out of paying a commission. The buyers may come to you with an agent who will want a commission.
4. Be Prepared to Negotiate
One of the struggles homeowners have when doing an FSBO is negotiating the best deal. First, you need to do your homework and make sure you have priced your home correctly.
Be prepared, too, that many buyers will view an FSBO sale as an opportunity to get a deal. So, you need to be sure you know what your house is worth and be prepared to negotiate so you get a fair price.
5. Consider a Cash Buyer
If the idea of handling all this still sounds a little overwhelming, many homeowners are opting to skip the realtor and the FSBO and instead choose to sell to a cash buyer. The cash buyer evaluates the house and makes an offer which they provide and pay in cash.
To learn more about selling without an agent and using a cash buyer, check out this article.
How to Sell Your North Carolina Home For Sale
If you have a North Carolina home for sale, you should be excited because it’s a great time to be trying to sell a house, even if you opt to sell without the use of a realtor.
To learn more about real estate, be sure to visit our page often.