You can
sell your house yourself anytime you like! Especially if it is not listed with a real estate broker it’s your responsibility and yours alone. Many homeowners don’t realize that when you list with a broker there is a way for you to sell the house yourself and pay no commission. If you find a buyer and he or she is ready to buy, well, that is when you had better hope you’ve prepared well in advance. You will need a sales contract you need to know how to fill it out. After that you need to know where to take the contract and what happens next. It’s a complicated process, but you can do it if you’re prepared.
Sometimes I find the buyer myself when I need to
sell my house quickly, but I hire a broker to do the paperwork and close the transaction. This works for me as a real estate investor because I’m always talking to people about houses and also about money. You will have to talk about money to any prospective buyer in order to qualify them financially. I’ve discovered that a lot of sellers are really not comfortable with sales or real estate or talking to other people about their money. It’s just part of the process.
So, although I can sell my house quickly, and you do the same thing when you learn the process, you need assess what you already know and what legal forms you have on hand. If you are well prepared, let’s talk about the listing agreement, the first form you may be signing.
Should you decide to list your house with a broker and yet you want to retain the right to sell your house on your own without an obligation to pay your broker, you need to pay close attention to what I’m saying here about listing agreements. The usual listing agreement is one called an Exclusive Right To Sell. By signing it you give your broker the right to collect a real estate commission no matter who brings a buyer to the closing table. If another agent brings a buyer, you still pay a commission to your broker and he gives part of it to the other agent. If you bring a buyer yourself, your broker gives you nothing. That’s right! You owe the commission no matter how much you do!
But there is another form called an Exclusive Agency Agreement, which is the form to sign if you desire to sell your house yourself without paying a commission. This agreement gives your broker the right to collect a commission on the sale, but you are allowed to sell it yourself and not pay a commission. As you can imagine, brokers don’t promote this type of agreement because it is not in their own best interest. However, it may very well be in your own best interest. When I want to sell my house quickly I only sign an Exclusive Agency Agreement if I list my house at all.