You don’t need a realtor to sell a home, but most people get one because they think it’s the easiest option. Realtors already have a list of buyers out there, they can network, and they have all the time in the world to show your property. But in a hot property market like Tulsa, there are already motivated buyers out there. It’s more than possible to sell a house without a realtor. You just need to know what you’re doing.
1. Get Your Home Ready
The first thing a real estate agent usually does is advise you on what you have to do to get your home ready. That includes updates and renovations they think you need to be competitive. Of course, you don’t have to take their advice, but if you don’t, it could be a long road ahead of you.
That also depends on the type of buyer you’re trying to court. There are many new and exceptional homes in Tulsa, as well as older, historic homes. Because there are so many fantastic homes to choose from, buyers may look over a home that isn’t newly renovated. But renovations cost a lot of money, and you might get your home sold faster by selling it cheaper rather than investing a lot of time and cash into it.
2. List Your House for Sale
The second thing a real estate agent does for you is to list your home on the Multiple Listing Service (MLS). Listing your home on the MLS lets other agents find your home and show it to other people. Now, keep in mind that dealing with a buyer’s agent also means that you’re going to need to pay for agent fees. Buyers generally don’t pay for any agent fees when purchasing a home. That’s all the seller’s job.
So, if you’re trying to sell fast and to save money, you might not want to deal with agents who are representing buyers either. Unfortunately, that also means you’re going to cut a large portion of buyers out unless you have buyers who are interested in representing themselves as well.
3. Accept Offers for Your Home
Accepting an offer is one of the trickiest things to do if you’re going without a realtor. First, even if you don’t have a real estate professional, you should engage the services of a real estate attorney to look over your documents and draft sale documents. You don’t want to self-service the actual legal paperwork.
Once you have accepted an offer, you will also need to engage the services of an escrow company. An escrow company will take payment for you and only transition the house deed once payment has cleared. Escrow companies are how people can make large transactions without fear that the other person will fail to pay or will renege on what was agreed upon.
Skip Those Steps and Go Through a Cash Buyer
As you can see, there is a lot you can do without an agent, but your life certainly won’t be easier. Going through a cash home buying service, however, mitigates most of these challenges.
If you go directly to a cash home buying service, they will make you an offer and then handle all the paperwork and the legalities for you. You don’t need to worry about listing your home, advertising it, or even renovating it. They will purchase your home without any changes made, so you can simply walk away from the home with cash in hand.
It’s always worth it to at least hear an offer from a cash home buying company. If you’re interested in selling your Tulsa home, the time to act is now. Contact We Buy Homes Tulsa to find out more.