Did you know that the median value of residential properties in North Carolina is $191,400? That’s according to real estate website, Zillow. However, if you’re thinking of selling your Durham home right now, you probably won’t get that entire price. With all the pre- and post-selling expenses you have to worry about, your profits will surely be undercut.
This is even truer if you’re thinking of selling your home through a real estate agent. With their standard 6 percent commission, deducted from the sale of your home, that’s already almost $11,500 that will never make it to your bank account.
So, why not remove the real estate agent from the equation and sell your house yourself? This isn’t a new concept. In fact, it has its own term: for sale by owner or FSBO. Interested? Here’s how to pull it off:
Get a Trusted, Objective Friend to Inspect Your Property
In lieu of an agent, you can get a friend or two to look through your home after you fix it up for sale. They can help you identify issues you may have overlooked when making improvements to your property. Have them be thorough as well; another set of eyes taking a look at your home after the improvements you have made can help you make sure that you’ve covered all your bases.
Research Your Market and Set Your Selling Price
If you’re going the way of FSBO, you must think like a real estate agent instead of a homeowner attached to their home. The latter attitude tends to make people set unrealistic prices. Instead, research the Durham property market so you can get a sense of how much your home should be worth. Don’t just base your research on the first listings you see! Make sure that they are within the same categories and take into consideration the condition that you are selling your pre-loved home is in.
Market Your House
The Multiple Listing Service (MLS) contains a comprehensive list of real estate for sale in the country. With only a few hundred bucks, you can list your property and gain exposure for it so potential buyers can see it. You should also tack on a “For Sale” sign in front of your home for a more direct advertisement. Holding an open house won’t hurt either as this will let you directly market your home for possible buyers.
By doing these things, soon enough you’ll get an offer on your property. Without the added cost of paying an agent, you’ll be taking home a larger check.
There’s always another option. If you want to sell your home fast and without having to do too many things, we can buy it from you. At Offer Hut, we buy houses in North Carolina for cash! Plus, we take care of the paperwork so you don’t have to.
Interested? Contact us today via our website or give us a call at 919-514-1001.