With a robust real estate market, selling a residence isn’t particularly difficult. Here’s a primer on how to sell your own house.
How To Sell A Residence Without An Agent
First and foremost, you need to educate yourself on how real estate transactions happen. There are online guides and plenty of books on the subject at your local bookstore. When you decided to sell your own house, you are considered a FSBO seller [for sale by owner]. This FSBO market is growing like mad, which means you can find form contracts and agreements ready made for your particular state.
A second thing to realize is real estate laws are generally governed by states, not the federal government. This means the particulars of real estate transactions in your state may be different from those in another state. You should look for references related to your state, not nationwide advice. Nonetheless, here are a few universal pointers.
1. Determine the price of comparable homes in your neighborhood. This is going to give you a very good idea of what you can ask for your house when you put it on the market.
2. Objectively look at your home and make a list of things that need to be fixed. Selling a house often comes down to the details. Buyers are making a big investment, so they are going to be very picky about little things.
3. List your house online with photographs.
4. Post flyers or ads in your local property listings magazines.
5. Put a sign on your lawn indicating you are selling.
6. On the sign post, put a box with flyers describing your home and the asking price.
7. Hold open houses for buyers to view your house.
8. Clean your house before all open houses. Add fragrant flowers to rooms, mow the lawn and so on.
9. Get rid of your junk through a garage sale and the trash. This includes cleaning out the garage and basement. Everything should be pristine.
10. Create a documented record of all the improvements you’ve made to the home to show potential buyers.
11. Become conversant in the offer, counteroffer process.
12. Develop a clear understanding of what happens during closing and make sure you’ll be able to take care of your part.
13. Figure out what you plan to do when you sell the house, to wit, are you going to buy another house and when will you move?
While these guidelines will take you a long way, it is important you understand the specific laws of your state. Once you have those down, the process typically goes fairly smoothly. Considering you’ll save thousands or tens of thousands of dollars in real estate commissions, any bumps in the road will be more than worth it.
'The attention to detail and professionalism that Troy and his staff brings to our contract drafting process is unmatched. It’s a rare occurrence to find a law firm that cares as much about your legal protection as you do. But, Doucet Gerling is that law firm."
Mr. Doucet and his staff handled two foreclosures and a related matter for me. I found everyone in his office to be professional, effective and responsive. Everything he handled for me got me the results I expected. I highly recommend Doucet Gerling.
As an attorney and former client of Doucet Gerling, I was very impressed with the representation of Troy Doucet and his firm. I would recommend him to all who face difficulty in saving their home or getting cooperation with their mortgage companies.
If you need legal assistance regarding foreclosure, I urge you to consider putting your complete trust in Doucet Gerling. They will employ their vast knowledge and expertise on your behalf and work to attain a great outcome for your individual needs and situation.
"Troy Doucet is one of the most gifted attorneys that we have ever had the pleasure of dealing with. He treated us with kindness and generosity. We were most impressed with his integrity and high sense of duty to us. If you are looking for an attorney to get the job done we highly recommend Troy Doucet. Our family can never thank him enough for getting our foreclosure problem solved."
My company has worked with multiple law firms in the past, but none have come close to matching the quality we are seeing from Doucet & Associates. If you want an attorney who has a deep understanding of both the legal system AND business, hire them – you won’t be disappointed.
"Mr. Doucet worked wonders in my case. He stood up for me when I felt overwhelmed and helpless and kept my credit rating and future intact. Thanks you so much for helping me and my family."
"My family and I would like to send a thank you with sincere gratitude for all the time, hard work, and long hours set a side daily to represent and speak on our behalf during a very challenging time in our life. Our success is a reflect of your commitment. Thank you Troy Doucet & law firm."