You arrived at our blog about “How to sell your house by yourself in Springfield OH” because of a few potential reasons I’m guessing…
- You have no or very little equity in your house so it may not be possible to pay 5-7% in real estate commissions to an agent.
- You have equity but want to try to save money selling the house yourself before you resort to paying a real estate agent a portion of your sale proceeds
- You’re in foreclosure (or in pre-foreclosure) and need to sell your home quickly without having to make timely and costly repairs.
- You can’t wait the months and months it often takes to sell a house in the Springfield area in this Springfield so you want to try to sell it fast off the market.
Whatever the reason is… there are ways to sell your house “by owner” here in the local Springfield real estate market.
Selling your house at this time will more than likely be profitable if you do it the right way. It is important to use smart marketing strategies and having a realistic perspective about selling your house (even though you feel your house is worth a certain amount, buyers may not agree or be willing to pay that amount).
This blog post aims to share some tips and guidelines to help you sell your home in Springfield or surrounding area on your own.
How To Sell Your House By Yourself In Springfield OH – Let’s Dive In
Know The Springfield Real Estate Market Well
The first vital step is doing research on the real estate market in your neighborhood in the Springfield OH area. This entails visiting various home selling websites (Zillow, Eppraisal the Chase home value estimator, etc), calling a real estate agent or two to see what your home is worth, or learning about the other techniques to pricing a house. This work upfront will help you set the price of your home right the first time and not over or under-listing it.
If you don’t want to hassle with trying to come up with a home value yourself… give us a call at 937-504-9194 and we’ll give you an honest valuation of what your house is worth on the real estate market (if you’re going to wait the 3-6+ months to find the perfect retail buyer). And if you want to… we’ll make you a fair, no-obligation all-cash offer on your house to give you that option of selling quickly (we can close in as little as 10 days if you want to).
Assess the market
This step is almost similar to conducting market research, only that in this case, you are bound to your neighborhood and similar houses. Are there lots of houses for sale in your neighborhood here in Springfield? If so, what is the average that they are listing for? Are there lots of foreclosures in your neighborhood? That may drag your house price down.
Assess the house
As a seller, it’s crucial to ensure your home is in excellent condition to secure a favorable selling price. Highlight distinctive features during the promotional process. For instance, in Springfield, a house with driveway parking might be more appealing to potential buyers than one with garage parking.
Consider whether your home needs any repairs, a fresh coat of paint indoors or outdoors, or an evaluation of the roof’s condition. How does the landscaping look? Are there any outdated elements, such as popcorn ceilings? These factors can influence a buyer’s perception and the price they’re willing to offer.
Ultimately, determine a reasonable asking price for your Springfield property that is not excessively high, causing a lengthy selling period, but is attractive enough to generate interest from eager buyers looking to make a quick purchase.
Use Photos or Videos
Buyers in Springfield are highly drawn to multimedia. Utilizing walk-through video tours to showcase your home can help you reach a broader audience. Indeed, these videos are often viewed as more transparent than photos. However, don’t dismiss the use of photographs, as they are a more cost-effective option compared to videos.
Be sure to capture high-quality images. Photograph every room in the house to display its best features. Snap shots of the exterior from various angles, as potential buyers often want to get a sense of the property before scheduling a visit. Having impressive online visuals can be the deciding factor between securing the ideal buyer swiftly and waiting for months to make a sale.
Get Your House “Listed” On The Local Springfield MLS And Market It
Today, you can discover real estate brokers with minimal or no fees who will charge only a few hundred dollars to list your property on the local Springfield MLS. This swiftly exposes your home to numerous real estate agents (keep in mind that you may need to allocate a 2-3% buyer’s broker fee if you want their assistance in locating a potential buyer).
Promote your property by placing advertisements in local newspapers, setting up roadside signs, and hosting an open house.
All Of This Sound Like A Lot Of Work To Sell Your Springfield House Fast Yourself?
It can be.
And in the end, many Springfield house sellers think they’re saving money and time by marketing the house themselves… when in the end it costs them more money to go that route.
- When selling your home on your own, there are several factors to take into account:
- If marketing isn’t your strong suit or you’re unable to dedicate substantial time to promoting your property, it might be better to work with a professional.
- If you fail to properly prepare the house and its promotional materials, or if you don’t effectively communicate the property’s value to potential buyers, you could potentially sell it for 3-8% less than if an experienced individual had marketed it for you.
- Many sellers overlook holding and opportunity costs. Each month your property remains unsold, you’re responsible for mortgage payments, taxes, insurance, utilities, and more. For example, if your mortgage payment is $1,500 per month with $1,300 in interest and your house takes seven months to sell, you’ll incur an additional $9,100 in costs (excluding taxes and insurance paid during that time). Therefore, consider whether it would be more beneficial to offer a buyer a discounted price now to expedite the sale and move forward.
If you’d rather not put up the hassle of trying to sell your Springfield house yourself… and would rather just sell it quickly for a fair price without paying any commissions or fees…
… here at Overlook Real Estate we actually buy local Springfield OH houses.
We’d love to make you a fair, NO OBLIGATION and NO HASSLE cash offer on your house.
We can close quickly (in as little as 7 days if you wanted to)… which would save you thousands of dollars vs. trying to sell the house yourself and waiting for months.
Also, when we buy local Springfield houses we do all repairs that are needed (we pay for it ourselves) so you don’t have to worry about that.
If you want to see what we can pay for your house, give us a call today at 937-504-9194 or just fill out the quick simple form through the link below.