PropTech

3 Reasons to Sell Your Home Online Without a Realtor

Selling your home can be an incredibly time-consuming and laborious task. In addition to all the stress that comes with packing up your belongings and getting ready to move into your new home, you’ve also got to find the time to focus on getting your home listed, marketed, and sold.

 

While you could hire a real estate agent or broker to help you sell your home, they both require costly feels that will ultimately be subtracted from your home’s selling price, meaning that you won’t get as much money from the sale. In addition to that, when you sell your home with a real estate agent or broker, they’ll have an opinion on how much you should list your home for, as well as what offers you should accept. If you’re looking for a way to sell your home quickly and efficiently without a realtor, we’re here to help with a list of tips and tricks on how to sell your home on your own.

  1. Use an MLS Listing Service to Get Your Home on the Market

The first step to take in getting your home sold is to list on MLS. MLS stands for Multiple Listing Service and is a compilation of local real estate databases for different locations. When getting your home listed, you’ll want to be sure that you list it on your local MLS database. Traditionally, only real estate agents and brokers have had the ability to list on MLS, which means that you’d have to hire one in order to get your house sold. However, recently more people have been able to list on MLS by utilizing the help of an MLS listing service. 

 

An MLS listing service is an accredited real estate company that has access to the MLS. Instead of having to hire a realtor and pay hefty commission fees in order to list on MLS, an MLS listing service will list your home for a single flat rate fee that will be collected either before you list or after the house is sold. With an MLS listing service, they make it clear up front what it will cost to list with them (typically much lower than a realtor’s commission), so you don’t have to spend time worrying about what you’ll end up paying your realtor when the sale of your home goes through. 

 

Once you’ve paid the MLS listing service their fee, they will list your home on your local MLS database so other real estate agents and brokers can see that it’s available for sale and check if they have any clients who might be interested in buying it. The rest is up to you to decide: how to price the home, how to stage it, and what kind of offers you’ll accept. When you list on MLS with the help of an MLS listing site, you can save yourself a good chunk of money in fees, and gain more control over how your home is sold. 

  1. You Get to Decide the Cost of Your Home

As mentioned above, when you list on MLS with an MLS listing service, it’s up to you to determine the cost of your home. This can be helpful given that when you work with a real estate agent or broker, they typically will have an opinion about what your home is worth. While their insight may be useful, you might disagree and want to start at a higher bidding price for potential buyers. With an MLS listing company, you get to determine the listing price of your home and can adjust it as you see fit. Just be mindful that if you do feel that you want to adjust the listing price, you’ll need to alert the MLS listing company that you listed with. They may charge an additional fee for price changes, or set time limits as to when price changes can occur.

  1. You Can Make the Most of a Hot Property Market

When the property market is hot (meaning that houses are being sold and bought quickly) selling your home without a realtor can be pretty easy. When there’s a low supply of houses and a large supply of buyers, your house is more likely to get noticed and snatched off the market fast. Given this, it’s a great idea to check the housing market conditions of the area that you’re listing in before listing your home. If they’re hot, it will probably save you money to list on a flat-fee MLS listing site and keep the funds that you’d lose by listing a home for a quick sale with a realtor. 

In Conclusion

When getting ready to sell your home, consider avoiding hefty realtor fees by working with an MLS listing company. These companies can list on MLS for you in order to help you save money and have more control over your home’s sale in the long run. 

 

Hugh Grant

Hugh Grant is a technology researcher who is always staying up to date on the latest tech news, trends and innovations.

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Hugh Grant
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