There are a few things you should know before selling your house on your own in Louisville. Also referred to as “For Sale By Owner” or FSBO for short, in our latest post get the information you need to make the right decision before you attempt to sell your house on your own.
Many people believe that they can sell their house with a for sale by owner listing, and the truth is, they can. However, the amount of time, expense, and the effort that goes into the whole process is often a lot more than most people expect. An real estate agent is typically able to get sellers more money than selling on their own, but then the seller is faced with high commissions and other listing costs. If you do decide to sell your house on your own in Louisville, we’d like to share a few expenses you should be aware of!
When selling your house on your own, you’ll need to look at the costs and decide which methods will be right for you. There is signage for the yard, printed materials to hand out, online listings to create and post, open house time and staging expenses, and much more. You don’t have to use every method, but in order to sell your house fast in Louisville, you will need to do a good job getting the word out AND make your house look great to potential buyers.
If you’ve done a good job marketing, you’ll have a lot of people calling you and asking questions about your property. You’ll have to screen the phone calls and emails, answer questions, and set up appointments for people who want to view the home in person. It can take a lot of time and effort to keep up, especially if you are doing it all by yourself.
Showing the Property
Hopefully, people will want to see your home in person. This means keeping it clean and show-ready at all times. Lots of folks use decorative items to help stage the house, making it more appealing to potential buyers. In many cases, the house will also need to be professionally cleaned to look its best for showings (and for pictures). When showing the house yourself, you will need to be available when people want to see the home, and you shouldn’t get defensive if someone makes a comment about the house that you don’t like.
Repair costs can add up quickly for anyone hoping to sell their house fast in Louisville. You will have to take care of all the little things that have been ignored over the years, plus any bigger repairs that can add more value to the home. Do NOT select unique paint colors or materials when preparing to sell! Light gray colors are most popular today and keeping the same color throughout will give it a fresh inviting look. Keep in mind that some repairs you may not want to do until the buyer asks for it to be done as part of the inspection process. Replacing old HVAC equipment when it’s still in good working condition is a good example of an unnecessary upgrade expense.
If you decide to sell your house on your own in Louisville, you will be responsible for all the legalities that come along with it. From the contracts to the escrow process, you will be in charge of it all, making sure everything is completed accurately and completely. We highly recommend using a good local real estate attorney who can prepare the paperwork for you and handle the closing properly!
When you finally choose to list your home in Louisville, the process can take several months. Even after you find a buyer and are waiting to close, the sale can still fall through due to a low appraisal or an inspection that reveals something unexpected. Selling this way provides no guaranteed sale date and can leave you living in limbo for months to come. With a direct sale to Louisville House Buyers LLC, you will be able to close in only a matter of days or weeks, on your own terms.
Selling your house directly to Louisville House Buyers LLC will eliminate nearly all of the costs and responsibilities listed above. We will be able to save you time, money, and make sure that the transaction is handled legally and professionally.