Most homeowners in the Colorado area immediately run to a local, licensed real estate agent when it comes time for them to sell their property, but these days many sellers are finding that it can often be a much better option to sell their homes by themselves to avoid the expensive commissions and fees that come when you deal with an agent. Please keep in mind that selling your home yourself is only a good idea in certain situations, and we are going to review the specific criteria that your property should have in order to qualify for a “sell it yourself” scenario.
One of the main benefits to selling your home yourself is the fact that you will not have to pay any commissions or fees to the real estate agent, and oftentimes you can sell your home faster yourself for cash, and won’t have to wait on your buyer to find traditional financing.
Another added benefit of selling your home without a realtor is that you don’t have to worry about making the necessary repairs on the property in order to get it ready for retail sale on the local MLS. You can simply accept a cash offer from a local investor, and close quickly, usually the very same week.
How Do I Sell My House Myself In Colorado?
This is the million dollar question that you need to answer. Here are the pros and cons of each:
If you decide to go with a licensed real estate agent…
They will provide you with the information necessary to effectively move your home on the local market including:
- The sale price, and comparable homes in the are that have recently sold
- What repairs you should make to the property in order to get it ready for retail sale
- What to expect when taking offers on the home, and how to negotiate the best sale price
The licensed realtor will list your property on the local MLS and other listing sites where buyers can find the home and schedule appointments to come check it out, and possibly make offers on it.
Once you have a few offers, the agent will assist you in pricing negotiations, and help you make counter offers to the prospective buyers in your area.
The agent will also assist you with filling out all of the necessary paperwork to make sure the sale of the home is official, and within the guidelines of state and local laws.
If you choose to sell on your own…
Many homeowners are willing to take the risk of not dealing with an agent, and choose to sell their home on their own.
If you are going to take this approach, there are some specific strategies that you should be aware of to get the maximum benefit from choosing this option.
Selling Your House Without A Realtor In Colorado
Step 1. Take a good hard look at your house and try to determine who the most likely buyer will be, and what types of features they will be searching for in a home, and try to tailor your property to meet their needs. If you are familiar with your target market, and what is selling in your local area, then you will be able to stage the home effectively in order to move it much faster than if you simply left it as-is, without sprucing the place up a bit.
Step 2. Make the necessary upgrades to your home in order to draw those prospective buyers in, and to increase the curb appeal of your property. Make sure you leave a lot of room open for interpretation, using neutral colors in all of your bedrooms and living spaces in order to give the buyer a feeling of having a “blank canvas” to start from, once they gain ownership over the property. Make sure that everything is fully replaced and all maintenance issues have been taken care of, because even one small thing out of place could turn potential buyers away from the home.
Step 3. Make sure every room in the house is clean, and be sure to remove any junk or debris from the yard outside to increase the overall appeal of the home. It may cost you some time and effort, but it will make the buyer feel much more confident when moving forward with the purchase of the home, instead of having second guesses about whether or not this might be a good choice for them at this point in time.
Step 4. Once the repairs and staging have been successfully completed, you can now start marketing the home on Craigslist, online forums, Zillow, Trulia, and any other places where you can list homes for sale by owner. You can then start making appointments, scheduling open houses, and allowing buyers to come to the home and make offers on the property.
Step 5. Review all of your pending offers, and make subsequent counter offers until you have successfully negotiated your desired price point.
Step 6. Once you have settled on a price, close the deal at a local title agency with your buyer, and transfer the deed into the hands of the new home owner!
Follow these six steps to sell your house yourself in Colorado.
An Alternative Option
An alternative option is to sell your house yourself to an investment company that buys properties. We buy homes in Colorado Springs, Denver, and the surrounding area in any condition, and can usually close that very same week that we make the offer. We work with our own cash, and you won’t have to worry about making any repairs, or paying a realtor expensive commissions and fees. Our process works by analyzing the after repair value of your home, and then making an offer based off of a percentage of that value, minus the repair costs. If there is enough equity in the home, we will make an all cash offer and if you agree on the price then we can buy the home off of you right then and there. This will allow you to sell the home yourself quickly, without dealing with a licensed agent, and without having to make any repairs on the home. We operate with a strict “no pressure” policy, and will never try to force you to accept a price that is lower than what you are willing to take on the property.
If you want to sell your house yourself without a licensed real estate agent, as is for cash in as little as 7 days, contact us at (719) 286-0053 or by filing out the form and we’ll be in touch.