Monday, July 1, 2013

Can I Sell My Apartment Without a Broker?



The answer is definitely a YES. Whether it is advisable or not depends on your situation. Majority, if not all, brokers will naturally say that it is better to use their services than sell the apartment by yourself. It may be true that they know more about the ins and outs of the real estate market but if you are willing to invest your time and effort, you will do well without a broker. The main advantage of not hiring a broker is that you can save the broker’s fee which is about 5-7% of the asking price. If you have decided that you will forego the broker, here are a few things you need to know.

Price your apartment competitively. Too little of an asking price will make you lose money on the deal; too high of an asking price will make your property go stale. The best advice when it comes to pricing the property is to have it appraised by experts. Check the local classifieds and directories or ask for direct referral to get a reputable appraiser.

Good advertising is the key to getting potential buyers. Brokers have a wide list of buyers not to mention their paid subscription to multiple listing sites. When you do your own advertising make sure that you cast a wider net. Do not limit yourself to one or two options. Do a research and enlist your property to as many listings as possible. Make use of the online presence as well as the local classifieds. Put a signage wherever you can, distribute flyers, and don’t forget the most basic advertising which is the word of mouth. Talk about your property for sale at work, at school, in the gym, in the grocery outlet and in the malls.

Prepare the basic information about your property such as location, price, nearest shopping center or transportation station, number of bedrooms, latest improvement and so on. Include photos of your house when you submit to classifieds and listings. Do not forget to include your contact details so potential buyers can reach out to you easily.

For a guaranteed sale at the smallest time possible with the least hassle, sell your apartment to private property investors. Lucas Properties LLC buys land, apartments, and commercial buildings with cash. As a private investor, Lucas Properties offers you a no hassle and obligation cash offer. In as little as 7 days, you can sure to have a closed deal.

7 comments:

  1. This information is very good brokers can sell in higher prices and gives very less amount,thanks for sharing it
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  2. Nice blog and very informative, thanks for shating. After reading this blog i can sell my peopery without any hassle.
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  3. This is a really very good article for those who want to sell his apartment. Thanks for sharing ,Sell my apartment @ http://www.the-property-sellers.com/FAST_House_Sales

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  4. Nice information for selling home without broker. That is possible.

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