Sell Your Own Home: What You Need to Know

Documents Needed to Sell Your Own Home Without an Agent

Be sure to schedule showings as quickly as possible - even the same day. Ask newspapers for a discounted advertising rate for multiple placements.

How do you sell and buy a home at the same time?

Be sure to check with local officials to determine if there are any restrictions on where you place signs. Confirm that the potential buyer has pre-qualified for a mortgage loan. If the buyer is buying with cash, confirm that they have the necessary resources.

What Does a Real Estate Agent Do?

If the purchase is contingent on the buyer selling their own house, confirm that the buyer's house is on the market. You may also want to determine how long the buyer's house has been on the market. Negotiations, Contracts and Closings Are you prepared to negotiate the contract?

Do you know what the legal responsibilities of the seller are in your area?

Who will write the contract? Will you need to hire an attorney? How do these homes compare to yours?

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To get started, view the latest home sales in your area on Redfin. Do your research and find a few websites that allow you to post your home for sale online. Websites like this typically charge a flat rate, plus the cost of essential services, such as listing photos and a yard sign. Answer questions and show your home to potential buyers. Selling your home without an agent means you need to do extra work to find a buyer. If your home is priced right, an offer will typically come through in 30—45 days.

What Is Required to Sell My Own House?

Real estate agents take care of all of the contracts, paperwork, and fine print of a home sale. Without the assistance of an agent, you should find a real estate attorney to mind the legal details of your transaction. When you receive an offer and agree on the price and terms with the buyer, you need to hire an escrow or title company to take care of the closing process. If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at Close at a Higher Rate Buyer's agent commission not included.

Find out more , including which listing fee applies in your market.

6 Steps to Sell Your Own House

We'll get back to you within one hour. Request a free consultation on your home's value Street Address.

But you can hire a "flat rate" broker who will list your property for a low fee, and then you handle the rest of the deal. A real estate agent knows how to market, negotiate and sell homes, and often your agent coordinates your entire "selling crew" -- all the wild cards -- from home inspectors to escrow agents. The agent can be your greatest ally.

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But there are several disadvantages to buying before you sell:. This is a high-dollar deal, and you don't want to screw it up. A deal with a buyer holding a commitment is less likely to collapse. Your browser doesn't support frames. They are secured by both your existing and new properties and are offered at rates comparable with variable home loan rates. Alexa Actionable Analytics for the Web.

If you decide to use a Realtor, hire someone referred by a friend. Think seriously before splitting your agent's loyalty by allowing him to "double" -- meaning, allowing him to represent both you the seller and someone else the buyer. Home Design Real Estate. Get an Agent or Sell Yourself?

Buy first and then sell or sell first, then buy?

Many people try to sell their own house. Here's what you need to know if you go that route. Pinterest Facebook Twitter Email. Real Estate Tips and Hacks. Get Estimates Before Hiring Movers To cut down on moving costs, get estimates from at least three different moving companies before taking the plunge.

Get My Agent on the Phone Especially for first-time homebuyers, using a seasoned agent is a smart move. Get an Inspection Before Selling Your Home A home inspector's green light could give you the edge in a competitive market.

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Get Web Savvy to Sell Your Home Almost 80 percent of home searches start on the internet, so why not finish them there too? In lieu of the traditional method of selling through a real estate agent, some home sellers are turning to the Web to sell their homes.

Property Brothers: The Secret To Selling Your House For More Money

Whether you're a home seller looking for offers or a homebuyer facing stricter loan requirements, rev up your real estate potential with these helpful tips. Getting a Mortgage Loan: Pre-Approved, Then Not Approved When one client is pre-approved for a mortgage, and then not approved during escrow, real estate expert Tara-Nicholle Nelson has a few solutions up her sleeve.