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.

Sell Your Apartment for the Most Money

Cut the middleman to get the most money from the sale of your apartment by selling it yourself. Since you’ve bought the apartment, you are already aware of some of the ins and outs of real estate business. You can refresh and update your knowledge by doing a little research. Know the paper works and forms you will need for the closing like property records for appraising, title, insurance documents and others.

 

Determine your asking price. Most owners will price their property too high in the hope that they will get the most money. This is a common mistake committed by vendors. A very high price will scare potential buyers away and will make your property sit in the market until it gets past its sell-by date. Check the apartments for sale near your area or the apartments sold within the past six months and compare them to your own. Base your asking price to the properties that are comparable to yours.

 

Prepare your apartment before putting it up in the market. There are three issues that you will encounter in preparing your home – cosmetic problems, functional issues, and things you can’t fix. The first two issues should be addressed before marketing while the third is addressed in the pricing. Buyers should be aware of the property’s condition and that pricing already reflects the said state.

 

Market your property. The Internet today makes marketing easy. With a little effort, you can list your property in different online listings and classifieds. You can also take advantage of the social networking sites and forums in addition to the traditional outlets which are the local listings and newspapers.

 

Don’t have the time and the money for repairs? You can still make the most money by selling your apartment to private property investors such as Lucas Properties LLC. There’s no need for repairs, no need for multiple showings and staging, and no need for marketing your apartment. Get cash from your apartment the quick and easy way.

The Pros and Cons of Selling Your Apartment Privately

In the past, when you want to buy or sell an apartment you approach a real estate agent. Nowadays, approaching an estate agent is still an option however there are other options as well including online auctions, private selling, and going to private property investors. Internet entrepreneurs of today make it extremely convenient for both vendors and buyers to choose private selling. The advantages and disadvantages of selling your apartment privately should be weighed in advance to determine if it is the most beneficial route.

Private selling has the following advantages over real estate agents and online auctions. First and perhaps the most important is saving your pennies. There are no commissions or listing fee to be paid. Estate agents charge an average of 2% of the property’s selling price; you can allocate $50-$100 for private ad online. If you sell your apartment at $1500, you can save at least $1400.

You can be your own representative and be able to deliver clear communication. Since you are your own boss, you have total control over the marketing plans. Nothing gets lost or misrepresented when you are dealing direct with potential buyers and you will have first-hand experience with the buyers which will help you determine how serious the buyers are.

One of the disadvantages are you become the salesman. If you are the quite type then private selling is not the best option. You should know that you will be competing against seasoned sales agents and they already have the advantage of having established business connections. If you don’t have the gift of tongue, you might find dealing with buyers directly is difficult.

There is another option where you don’t have to pay commission, you don’t have to deal with buyer showings and you don’t have to have a marketing plan. Sounds good? Sell your apartment to a private property investor like Lucas Properties LLC. They have cash on hand and ready to make you an offer.