Planning to list your home as for sale by owner in Las Vegas, Nevada? You might want to sell your home without a realtor to save money on the real estate commission.
Selling your home without an agent is possible, but it has some unique challenges. In this article, our realtors at Your Home Sold Guaranteed - Couture Realty Team will discuss what to consider before selling your home without a realtor. We’ll also cover some tips to help you sell your home quickly.
Should You Sell Your Home as For Sale By Owner in Las Vegas?
Selling your home without an experienced realtor on your side opens you up to a number of challenges. On average, only 11% of home sellers successfully sell their properties without a realtor.
On top of that, FSBO homes sell for 26% less than homes sold with the help of a realtor.
Realtors can access exclusive tools that make it easy to price your home, like the Multiple Listing Service (MLS).
They also have extensive industry knowledge and a network of connections that allow them to sell your home quickly.
Without the right expertise, your home can end up sitting on the market longer than anticipated.
This can ultimately result in you having to lower the asking price or, even worse, pull the listing from the market altogether.
However, this doesn’t mean selling a home on your own is impossible. If you decide to go down this route, the key to success is educating yourself about the home selling process.
At Your Home Sold Guaranteed - Couture Realty Team, we created a free guide called 10 Tips for Selling Your Home Yourself. This guide will help you avoid the most common pitfalls that FSBO home sellers face in the industry.
You can download your free copy of the guide by clicking the button below.
How Can You Sell Your Home Fast Without a Realtor?
Research Home Prices
To sell your home successfully, you’ll need to price it in a way that appeals to home buyers.
To do this, you’ll have to extensively research home prices by looking at recently sold and currently listed properties. Ideally, you should research listings over the past six months at least.
Common places to find home pricing information include:
- Visiting online real estate websites
- Contacting your local city hall to ask where you can find public property records.
- Visiting your local county tax assessor’s office.
- Consulting with a realtor
- Paying for a home appraisal
Familiarize Yourself With Legal Documents
You’ll encounter many legal documents throughout the entire home-selling process.
For example, before listing your home on the market, you’ll need to gather documents like appliance records, tax records, home insurance records, the original sales contract, and more.
While your home is on the market, you’ll need to have a listing agreement with your realtor and statutory disclosure forms, among other documents.
And once you find a home buyer, you’ll need the sales agreement, title report, bill of sale, and other key documents.
It’s important to familiarize yourself with these documents to avoid legal mistakes. Without an agent, you’ll be responsible for handling them on your own.
Come Up With a Marketing Strategy
You’ll also be responsible for coming up with your own marketing strategy to reach home buyers. This can involve things like:
- Creating and posting advertisements on social media
- Printing flyers and spreading them around your neighborhood
- Placing an ad in a local newspaper
- Door-knocking
Remain Objective
It’s important to remain objective about your home during showings and price negotiations. Selling a home is an emotional process, and your property likely has sentimental value to you.
However, you shouldn’t let the home’s perceived value interfere with your willingness to negotiate.
Work With Pre-Approved Home Buyers
Lastly, it’s key to only work with pre-approved home buyers. When you’re meeting with home buyers, ask them for their pre-approval letter.
This letter shows they’ve been pre-approved by a lender and have financing in place.
Without pre-approval, a buyer could struggle to obtain financing last minute, which could delay your home sale. Or even worse, they may be approved for a lower amount than they anticipated, and you’ll have to start over again and search for a new buyer.
Sell a Home in Las Vegas With Our Real Estate Team
If you have more questions about listing your home as for sale by owner in Las Vegas, Nevada, reach out to us. Our team at Your Home Sold Guaranteed - Couture Realty Team will be happy to give you some advice to achieve a successful sale.
And if you decide you want to work with us to sell your home, we can give you more information about our team. Our real estate professionals have been selling homes in Las Vegas for years.
Throughout our career, our team has built up a reputation for having the best realtors in the area. On average, we sell homes 34% faster and for 1.65% more money than our competitors.
Clients love working with us because of our exceptional customer service, attention to detail, and unique seller guarantees.
This includes our Guaranteed Sale Program. This program acts as a risk-free insurance policy to ensure your home sells within your desired time frame. If it doesn’t sell, our team will buy it ourselves.
To download your free copy of “10 Tips for Selling Your Home Yourself,” fill out the form below. You can also learn more about our real estate team by calling us at (702) 476-0060.
