Sell Homes for a Profit With No License
You don't necessarily need a real estate license or agent to sell a house. Although it helps, the resources available today to the average person make it easier for anyone, especially entrepreneurs, to make a fortune selling homes. By posting ads, putting out yard signs and handling other marketing measures yourself, you can save the 6 to 8 percent commission the agent usually gets. That can add up to tens of thousands of dollars for each house you sell, making you a nice, big profit and perhaps eventually turning you into a millionaire.
Instructions
Instructions
1. Make sure the house you are considering buying to later sell is fixable. Check it out thoroughly, and bring along a knowledgeable friend, preferably a pro, with you. Look for defects that could cost a lot in repairs. Examine bathroom, kitchen and outside fixtures. Check the carpets and air filters for signs of dirt. Bring a home inspector with you when you decide to buy the home.
2. Determine if the price for the home is reasonable by using one of the many services available free online for a pricing estimate. You will be using this same step later to sell the home. Services such as ForSaleByOwner.com offer pricing information for even the most inexperienced home seller.
3. Make the necessary repairs to the home. Pull weeds and trim overgrown shrubs. Put a fresh coat of paint on the home. Clean, organize and keep it ready to show. You can even make the home your principal residence, while fixing it up to sell later.
4. Set the list price for the home, depending on market conditions and financial factors. Use online services that provide selling estimates. Timing is also a key factor. You need to know when it is a good time to buy and a good time to sell. A buyer's market will see homes going for cheap prices. Get in if you can when there is a seller's market and you can sell your home at a great price. Be careful of overpricing. Pricing may not matter so much if you have purchased a dilapidated home for a low price and fix it up to make a huge profit. Check recent sales prices of homes in the neighborhood or comparable homes. Zillow.com is one of the many services that can walk you through the steps.
5. Market the house through fliers, on signs, in publications or online. The multiple listing service or MLS used by agents can be accessed by anyone. The National Association of Realtors provides information on listings.
6. Be willing to negotiate. You may want to sell the house for a certain price, but you should know how much lower you are willing to go. Keep that in mind before setting the original price.
7. Use the services of a real estate attorney or title company for the final paperwork when the home is sold. Even real estate agents are not necessarily involved in this process, which takes the legal knowledge of lawyers or title professionals.
Tags: real estate, good time, Homes Profit, Homes Profit With, later sell
