Though the housing market has been on pretty good incline in recent months, many people who are trying to sell their homes are still having a hard time making a profit. One thing to consider, that has the potential to save you thousands of dollars when you sell your home is to forego using a real estate agent and selling the home yourself. Though this process may seem like an intimidating process and perhaps more work than it's worth, it's easier than you may think to sell your home on your own. Here are a few tips to consider on how to sell your home without using a real estate agent.
The first and most important step to selling your home without a realtor is to do a lot of research. Read through the purchase and sale agreement from contract when you bought your home, review local listings online and in real estate publications and try reading blogs and books about selling by owner. Your research can help you understand the language and processes of the real estate business and most importantly can help you know what your home is worth, and therefore how much you might be able to list it for.
Most mortgages are set to last for 30 years. Did you know that you can refinance your home and end up with a mortgage that is only ten to fifteen years? This may be a good idea if you are interested in paying that mortgage off before you are retired with grandkids. Frequently, people choose the fifteen year mortgage because it still provides a substantial decrease in the time length while not increasing monthly payments too much. Remember that these shorter mortgages will have higher payments, but it will be worth it when you own your home outright and are that much closer to being debt free.
Just because the mortgage payment is a specific number does not mean you are required to pay exactly that amount. Now, it also doesn't mean that you can pay less than that amount either. However, you can pay more and doing so will reduce the length of your mortgage.
This has become a lot easier in recent years. Take advantage of the Internet and local websites. In a lot of these cases, for a small fee, you can place your listing on the Multiple Listing Service that real estate agents use, which means more potential buyers will be exposed to your home. You can also consider placing a listing in the local newspaper to attract buyers that want to stay in the area.
Be prepared to be flexible and negotiate with potential buyers, and you should be able to pull off a sale without a realtor.
Regardless, you are going to have to pay more in a shorter period of time to get rid of the mortgage. These are just a few ideas on how you can throw more money at that mortgage monster. If paying off your debts is a priority to you, then utilize these tips to accomplish that goal. It may be a difficult sacrifice, but you will be glad you did it in the end. Get started now with a plan to get ahead!
The first and most important step to selling your home without a realtor is to do a lot of research. Read through the purchase and sale agreement from contract when you bought your home, review local listings online and in real estate publications and try reading blogs and books about selling by owner. Your research can help you understand the language and processes of the real estate business and most importantly can help you know what your home is worth, and therefore how much you might be able to list it for.
Most mortgages are set to last for 30 years. Did you know that you can refinance your home and end up with a mortgage that is only ten to fifteen years? This may be a good idea if you are interested in paying that mortgage off before you are retired with grandkids. Frequently, people choose the fifteen year mortgage because it still provides a substantial decrease in the time length while not increasing monthly payments too much. Remember that these shorter mortgages will have higher payments, but it will be worth it when you own your home outright and are that much closer to being debt free.
Just because the mortgage payment is a specific number does not mean you are required to pay exactly that amount. Now, it also doesn't mean that you can pay less than that amount either. However, you can pay more and doing so will reduce the length of your mortgage.
This has become a lot easier in recent years. Take advantage of the Internet and local websites. In a lot of these cases, for a small fee, you can place your listing on the Multiple Listing Service that real estate agents use, which means more potential buyers will be exposed to your home. You can also consider placing a listing in the local newspaper to attract buyers that want to stay in the area.
Be prepared to be flexible and negotiate with potential buyers, and you should be able to pull off a sale without a realtor.
Regardless, you are going to have to pay more in a shorter period of time to get rid of the mortgage. These are just a few ideas on how you can throw more money at that mortgage monster. If paying off your debts is a priority to you, then utilize these tips to accomplish that goal. It may be a difficult sacrifice, but you will be glad you did it in the end. Get started now with a plan to get ahead!
About the Author:
Luxury Homes in Springville, Utah is owned by John DeHaas who has been in the manufactured home business for 46 years! In that amount of time John has seen huge changes in the homes that he sells (Including Modular Homes in Utah and Mobile Homes in Utah). Luxury homes provides a diverse and great range of housing alternatives that can meet your personal budget.
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