Looking for a way to sell your home without an estate agent? You are not alone. Since 2012, the fee of brick-and-mortar estate agents is on the rise. Today on average, a homeowner pays up to 1.42% of the sale price of the property to an agent for valuation, photographs, listing, and supplying a sale board. It means if your house is worth £400,000, a total of £5,680 has to be paid to an agent. The internet estate agents offer much more affordable services, but still, some homeowners are starting to wonder if they can handle the job themselves.
Is it possible to sell your house without an agent?
Selling your house on your own is no rocket science, but it’s no cakewalk either. You have to be informed of the subtle intricacies of property selling to find a buyer for your house on your own.
What steps are involved in the entire process?
Let’s start with the simple ones first.
1. Make the house saleable
If you have made your mind to handle the job on your own, it is essential to make the process as easy as possible. What it means is to make your house as sellable as you can. According to Melissa Brown, a successful property broker, “people do not want to see the clutter in your house. Anything that distracts them or unable them to see the positives of the property clearly must be dealt with.” She further warns against redoing the whole kitchen and bathrooms to sell the house, which is a tradition. You can tidy things up and fix or replace the damaged elements.
2. Decide a price
Once you have made your house sellable, the next step is to set a price. This is the step where you need the assistance of estate agents the most. Still, you can do it alone and maybe better than expected. There are a lot of internet estate agents that have useful online house valuation tools to help you evaluate the price of your property.
3. Provide a description
Once you set the price, its time to let the buyers know how wonderful your house is. It is important to entice potential buyers through the door with well-written descriptions. You might be tempted to write a detailed account, but the fact is, buyers, skip through lengthy narratives. You must include a lot of internal photos and floor plans for the buyers to see.
4. Post best photos, nothing else
If the pictures of your property are not able to capture the essence, then they are pointless and even counter-productive. The images you take must be specific for that property. For instance, if your home is a property in an urban area, then lifestyle shots of the fixtures and central location of the property will be a lot more interesting than posting photos of the bathroom.
5. List the property
There are many property listing websites, but most of them are paid. If you are not able to find someone already interested in buying your home, we recommend websites like houseladder.co.uk and thehouseshop.com. These are “for sale by owner” websites, that charge no commissions to sell properties. Social platforms like Facebook and Twitter are also useful in reaching out to potential buyers for free.
6. Arrange viewings
An essential part of selling your home is to show it around to potential buyers. If you work during the day, it can get difficult for you to arrange viewings. Enlist the help of family or friends who you trust to show around your home to potential buyers. If you are not able to do that, arrange viewings on weekends or during evenings.
7. Accepting an offer
If done right, most probably, you will be closing a deal with a potential buyer, but remember that nothing is legally final until the exchange of contracts. After accepting the offer, you will need the service of a solicitor to understand all the legal work. You can use the Council for Licensed Conveyancers (clc-uk.org) website to find a local solicitor.
After these steps, the potential buyer might arrange for a survey of the property before finalizing the deal. If he finds anything disruptive, he might want to renegotiate the deal, so be ready for such surprises too.