Many people today opt for the ‘sale by owner’ method and learn how to sell their home privately to save thousands of dollars in realtor commissions. Being a ‘for sale by owner’ seller can give you the certainty of saving up to 3% on agent commission and the potential to save 6% if the buyer is not being represented by a real estate agent. But if the buyer is represented by a real estate agent, you will have to pay half of the commission. So, even if you are a ‘for sale by owner’ seller who has complete knowledge on how to sell your home privately, you are likely to come across a buyer’s real estate agent.

Most sellers benefit from having their agents access Multiple Listing Services (MLS). Fortunately, we at Minus The Agent provide you with real estate services that can help you sell your property effectively without paying thousands of dollars in real estate agent fees. Minus The Agent puts you directly in contact with genuine buyers or renters so you can successfully sell or rent without the need for an agent. By listing your property on high profile and visibility websites domain.com.au, realestate.com.au etc. Minus The Agent gets your property on the market in front of thousands of potential buyers. Minus The Agent also provides end-to-end support with no helpful marketing tools for sellers to have a smooth home sales process every time.

Show like a professional agent

As a ‘for sale by owner’ seller who has learned how to sell your home privately, you must act like a professional real estate agent while showing the property to potential buyers and their agents. Preparing the house, preparing it for sale and getting it ready for sale are the basic requirements on your part. But as a FSBO seller, he has to be at his best as he shows his home to the potential buyer and his agent.

Make sure you have the knowledge and understanding of your property’s structure, plumbing, electrical, safety and security systems, and HVAC systems so that when potential buyers or your agent ask you a question, you have the right answer. . Be sure to mention any necessary details about the home to visitors, such as new carpet, fresh paint, or any other major construction or repairs that have recently taken place.

Trade like a professional agent

In order to sell your house and make a lot of money, you need to be objective. Yes, it is your home and you have your memories in that house, but at the end of the day, it is a financial asset. So, negotiate the price of the deal as much as you can, but don’t push it too hard to scare the buyer off. Also, there are other things you can negotiate beyond price. This includes appliances, closing date, and closing costs.

Be sure to carefully read the purchase agreement written by the buyer’s agent. Although it is an additional expense, hiring an attorney who can help you with the legal work can do wonders for you. Unless you have significant experience selling a home, having a real estate attorney by your side will give you the peace of mind you’ll need during the process. The attorney will not only help you review contracts, evaluate complex mortgages or leases, and complex offers, but also tell you what you are required by law to disclose to potential buyers and help you formulate a disclosure agreement.

Close like a professional agent

The best way to prepare for closing costs is to talk to a lender about costs before you even start looking for a home to buy. This is known as mortgage pre-approval and can help you understand the various closing costs associated with the deal so you can plan your funds accordingly. Closing costs are often higher than most buyers initially assume. It is also recommended to budget for the down payment in addition to the closing costs. The home buying process is quite lengthy, giving you plenty of time to organize closing cost funds, but make sure you’re prepared to pay them off before you make an offer on the home you want to buy.