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How to Sell Your Home Without Paying a Commission

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Agents can be useful – there’s no doubt about it. But if this isn’t your first rodeo when it comes to selling your home, and you want to save those extra few thousand dollars, you might want to sell without one. Here’s how you can do it all without paying a commission.

For Sale by Owner

Anyone can sell a home by themselves, by listing it as for sale by owner (FSBO). Basically, all you have to do is list the house, set the price, prepare it for an open house, and set the open house schedule yourself. The main problem is that this whole process can be stressful and difficult if you’re not experienced. You are also more likely to commit errors than an agent would be – and some mistakes can be really serious when you’re dealing with assets as valuable as a home. That being said, if you’re willing to put in the effort, you’ll be saving yourself quite a bit of money.

Find an Investor

One of the best ways to surpass most of the paperwork and legal obstacles in a home sale is to find a cash buyer. Almost always, that will come in the form of an investor. Cash buyers don’t charge commissions when they buy your home. Somebody that already has a separate house of their own – not to mention a solid financial base – is going to have the resources and the motivation to invest. Most often, they’re looking to flip homes by renovating and redoing them before reselling them. They might be easy to find in certain cities, but they might be a bit difficult to find in most locations. See if you can use the internet to locate any interested investors near you.

Do Your Research

An important part of successfully selling your home is good planning. Know ahead of time what you need to do to find a buyer. Be willing to be persistent and patient. With an agent, selling a home usually takes two to three months. Yours will likely take at least that long. The internet is your greatest resource. Not only can you list your home there, but you can find a huge amount of information from experienced home sellers on blogs and sites like YouTube. You can also connect yourself with people who can help you directly, like professional photographers.

Selling your home without paying commission is very possible, although not always easy. Your local housing market is distinct from nearly all others. Make sure you know how hard it really is to find a buyer, and where you will need to go in order to get it done.

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