Are you looking to sell your home in North Carolina without using a real estate agent? If so, you can become one of many For Sale By Owner or FSBO North Carolina home sellers. If you don’t know how to sell FSBO homes, you’ve come to the right place.
Here, you will learn how to sell a house without relying on a realtor. We will go over all the steps you need to take to sell a place in Charlotte, Raleigh, and other North Carolina cities. We will also explain how FSBO sellers benefit from working with cash home buyers.
Are you ready to become a successful FSBO North Carolina home seller? Then read on!
Selling a House Without a Realtor
Homes for sale by the owner (FSBO) are getting sold directly through the owner instead of with a listing agent or a brokerage firm. As an FSBO seller, you can avoid covering the 5 or 6 percent commission fee that a real estate agent charges. The commission fees come from the total price of the home sale.
If you sell a $300,000 home, you may pay the realtor as much as $18,000 in commission fees. It’s clear why some sellers prefer to complete the sale by themselves.
Yet, there are other costs to consider. The sellers are responsible for paying the buyer’s agent commission fee, which is usually 2 or 3 percent of the home sale price. As an FSBO seller, you will need to do your research on the local real estate market and the homes for sale in your neighborhood.
You can look on Zillow to check local homes for sale. Pay attention to the number of square feet (sqft) and the number of bedrooms in each listing. That research will help you better determine the asking price you can set for your home.
You may also need to make upgrades to the home to increase the property value. At a minimum, you should make minor repairs to ensure nothing is broken when potential buyers come to view the place.
When selling a home without a realtor, you will need to complete all home staging processes yourself. You also need to handle the marketing of the house. That includes making online listings on Trulia and Zillow. Create flyers and brochures too. You should also list the property on Multiple Listing Service (MLS).
Ways To Sell a House Without a Realtor
There are key steps you will need to take when attempting to sell your house without a realtor’s services. These steps include:
- Setting a realistic asking price
- Adding curb appeal
- Hiring a professional photographer
- Setting up an open house
- Marketing the home through social media and more
- Confirming buyer’s funding
- Hiring a real estate attorney
First, you will need to set a realistic asking price for the property. When a home’s price is too high, it will keep plenty of prospective buyers from even taking a peek at your listing.
If you’re not sure how to price a home well, you can either complete more research on your local real estate market or hire a real estate appraiser to provide you with a good asking price.
The next step is to get your home ready to put on the real estate market. That means decluttering the place and deep cleaning the entire property.
You might also want to improve the curb appeal of the house by getting rid of the weeds in the front yard and adding some flowerpots to the entryway. You can also paint the front door and place a new, clean welcome mat by the door.
You will need to hire a professional photographer by yourself so that you can display the attractive features of your home on real estate listing websites.
Next, you will need to schedule an open house for potential buyers to take a look at your property. An open house on the weekend ensures many more prospective buyers can check out your place. You will want to provide everyone who comes with a listing sheet outlining the best parts of your home.
Once you’ve done all those steps and are waiting on an offer, you can continue to promote the home on Instagram, Facebook, Twitter, and other social media websites. Ask your colleagues, friends, and family to share your posts as well. You can also put up a For Sale sign in your yard to attract potential buyers driving by.
Once you have an offer, confirm the buyer’s funding, such as with a mortgage preapproval letter. You should also consider hiring a real estate attorney to ensure the sale goes smoothly and you follow the letter of the law.
For Sale By Owner in North Carolina
When you choose to sell your home under an FSBO option, you can either sell your own home to a cash buyer or manage the sale yourself to a standard prospective buyer, such as a family or a landlord. There are positives and negatives to each option.
When selling to a cash buyer, the typical advantages include avoiding:
- Home inspection delays
- Delays related to buyers’ mortgage loan approvals
- Issues and stress of open houses and showings
- Upgrades and renovations to the home
However, there are certain disadvantages of selling to cash buyers, like getting a lower sales price than when selling to a typical family. You also won’t have the benefit of starting a bidding war and ending up with a very high price for the home sale.
Yet, one of the biggest benefits of selling either to cash buyers or a standard family/couple through an FSBO home sale is that you would save on realtor commission fees.
Best Way To Sell a Home Without a Realtor
The home selling process without the help of a realtor is not always an easy task. As such, if you choose to sell to a cash home buyer or an iBuyer, you can avoid the difficulty of marketing the home yourself, hiring professional photographers and real estate attorneys, and renovating the place.
Selling to cash buyers or an iBuyer (instant buyer) is less of a hassle and truly the best way to sell a house without using a realtor. If you find a cash buying company, they will take down your information and take a look at your home before providing you with a cash offer.
You will need to give information about how many bedrooms, square footage, and bathrooms your house has, along with your zip code. While an iBuyer requires a home inspection, if you choose a cash buying company, you won’t need to complete any repairs or get an inspection. Cash buyers are happy to purchase a property in its as-is condition.
FSBO North Carolina house sellers can complete a home sale transaction without needing a realtor. They will enjoy not having to cover the costs of the real estate agent commission rate.
Follow the steps in the guide above to make a successful FSBO home sale. To sell a house fast in North Carolina, you may need to work with a cash home buyer. Cash home buyers in Charlotte can complete the sale in only a few weeks and won’t need to work with a real estate agent.
Selling your house for cash also means you may not need to complete any renovations, as cash buyers often purchase properties as-is. Since we buy houses Salisbury residents prefer, contact our cash home buying specialists today!