On average, you will have to pay a commission of 5% to 6% if you sell your home with a real estate agent. If your home is worth around $200,000, this could be rough $10,000 to $12,000 that you will have to automatically pay when your house sells. If you do not have a lot of equity in your home, you may decide to try selling it by the owner to avoid paying this commission. Selling a house by owner is not always an easy task, though, and here are some tips that may help you with this.
Price it right
The asking price you have on your house will either attract potential buyers or turn them away, which is why setting the right asking price on the house is vital from the start. If you are not sure what the house is worth, you may want to invest in an appraisal on the home. This will reveal its current market value.
To find a good price, you may also want to look at comps, which are homes in your area that are similar to yours and have recently sold.
You can also take the amount you owe on your house into consideration when pricing your house. If you owe $180,000 and are not expecting to make a huge profit from selling it, you may want to choose a price around $189,000. This would give you enough to pay off the loan and any expenses related to the sale, and you might still end up with a little bit left for you to keep.
Make it look as good as possible
It will also be important for you to make your house look as good as possible, and one way to do this is by decluttering the house. Remove junk from it and get rid of extra furniture to make space look bigger. The second thing you may want to do is repaint all the walls. A fresh coat of paint can make a huge difference with the way a house looks.
You should also take a time to clean up the front yard and entryway of your house. These are the first areas potential buyers will see when they come to your home.
Once you do these things, you will then need to find a way to locate a buyer for the house, and this is often the hardest part of selling a house by owner. If you try this and cannot find a buyer, you could always contact a real estate agent to help you sell your home.