Selling your home is something you’ll probably have to do a few times over your life. It can be a major ordeal with many difficulties and a costly procedure for you unless you know a local Arkansas real estate agent who will sell your house for free or at a greatly reduced commission.
So, I’m thinking you came to this article about “How to sell your property by yourself in Arkansas” for one or two of several reasons…
- You have no or very little equity in your home and so cannot afford to pay a real estate agent’s commission.
- You have equity in your home but want to save money before hiring an agent by selling it yourself.
- You’re in foreclosure (or about to be) and need to sell quickly without paying thousands in commissions to an agent.
- You can’t afford to wait the months and months it can take to sell an older house in Arkansas in this market, so you want to sell it as soon as possible.
How To Sell Your House By Yourself In Arkansas.
Whatever category you fall into, there are options for selling your home on your own in the Arkansas real estate market. Since 2013, the housing market has been steadily recovering. Selling your home at this time might be quite profitable if done correctly. In the majority of circumstances, it comes down to employing clever marketing methods and being realistic about your goals for this sale. This post will give you some pointers on how to sell your house in Arkansas on your own.
1. Conduct Good Market Research
The first and most critical stage is to conduct market research in your Arkansas neighborhood. This phase entails going to numerous home marketing websites (Zillow, Eppraisal, the Chase house value estimator, and so on), calling a real estate agent or two to find out how much your property is worth, or reading up on various market pricing tactics. Proper research on these topics will enable you to determine an appropriate selling price for your home while also preventing you from making common selling mistakes.
If you don’t want to waste time trying to figure out what your house is worth on the retail market, give us a call at [phone] and we’ll give you an honest, fair estimate of what your house is worth (assuming you’re willing to wait the 3-6 months to find the appropriate retail buyer and close the deal). And, if you’d like, we’ll make you a fair all-cash offer on your home so you can sell it quickly (we can close in as little as 7 days if you want to).
2. Conduct Good Neighborhood Research.
This process is virtually identical to market research, except that you are limited to your neighborhood and similar homes. Are there a lot of properties for sale in your Arkansas neighborhood? If that’s the case, what’s the average price they’re asking? Do you have a lot of foreclosed homes in your neighborhood? This could lower the value of your home.
3. Evaluate Your Property As A Potential Buyer Would
If you want to sell your house for a good price, it must be in excellent condition. Make a list of its distinguishing features and promote them during the marketing process. In Arkansas, for example, a house with a deck, double garage, or large storage area may be more appealing to purchasers than one with a no parking space. You know your area and what people are looking for so make sure to highlight anything your property offers that would be of special interest to potential buyers.
Is your home in need of repairs as well? Is it necessary to repaint the interior or exterior? What is the state of the roof? Is the lawn in decent condition? Is the house in any way outdated? (I’m talking about those popcorn ceilings 😉 All of these factors can make the house more or less appealing to potential buyers, affecting the amount they’re willing to spend.
Following all of this, come up with a reasonable asking price for your Arkansas house. Make sure that the price isn’t so exorbitant that selling the house will take you a year. If the price is just right and appealing, you will draw a flurry of consumers who are eager to purchase it right now.
4. Make Good Use of Video And Photos When Advertising The Property
Buyers in Arkansas and most anywhere these days are media obsessed. You can reach a wider market by making a walk-through video of the house and using it to advertise. Indeed, these videos are thought to be more transparent than photographs. This should not, however, deter you from taking photos as well. This is still an important requirement for good marketing of you home.
So, get some fantastic shots. Take a photo of each room in the house to help you showcase it. Take several different perspectives of the house from the exterior. Before potential buyers come to visit the house, they want to see it first. Having stunning photos of your home online could mean the difference between finding the right buyer soon and waiting months to sell.
5. Get Your House “Listed” On The Multiple Listing Service (MLS) And Market It
These days, you can locate no-fee or low-fee real estate brokers that will list your home on the local Arkansas MLS for a few hundred dollars. This puts your home in front of all real estate agents immediately (but be prepared to pay those “buyers” agents a 2-3 percent buyers broker fee if you want their help finding a buyer).
Place classified advertising in the local newspaper, put up road signs, utilize local Facebook pages for your community or city, and consider advertising and hosting an open house.
All of this sounds like a lot of work if you’re trying to sell your Arkansas home quickly on your own.
It actually is.
Finally, many Arkansas home sellers believe that promoting the home themselves will save them money and time. However, many sellers find that in the end, going that approach costs them more money.
Here Are Some Things To Consider Before Trying to Sell Your House Yourself In Arkansas
- If you’re not a natural marketer or don’t want to devote a significant amount of effort to properly marketing your home, it’s possible that selling it yourself isn’t the greatest option.
- If you don’t do a fantastic job preparing the house and marketing materials and working with purchasers to properly build your house’s value in their minds, you may end up sitting and waiting for a buyer willing to pay your asking price. Waiting to sell is a costly wait.
- Far too many sellers overlook holding fees and opportunity costs… Every month that your home remains on the market means another mortgage payment, tax payment, insurance payment, utility payment, and so on. If your monthly mortgage payment is $1,500, with $1,300 of that going to interest, and it takes you 7 months to sell your home, you will have spent an additional $9,100. (not to mention taxes and insurance you paid during that time). So, if you could sell that house faster, would it make sense for you to offer a discount to a buyer today so you could close quickly and move on? Something to consider.
If you don’t want to deal with the difficulty of trying to sell your Arkansas home on your own. If you don’t want to wait for a buyer. If you don’t want to pay closing costs. If you don’t want to make costly repairs and put up with that hassle of doing so, perhaps you should consider professional home buyers like us.
We buy local Arkansas properties here at Little Rock Property Buyers.
We’d like to make you a reasonable cash offer on your home with NO OBLIGATION and NO HASSLE. You can learn more about our process here.
We can close swiftly (in as little as seven days if necessary) … Rather than trying to sell the house yourself and waiting months, you might save thousands of dollars by selling to us.
Also, when we buy local Arkansas residences, we take care of all necessary repairs (and pay for them ourselves), so you don’t have to.