Selling your house yourself in New York can seem like a daunting task, especially with the intricacies involved in the real estate market. However, worry not, as we have got you covered! We are here to make the entire process effortless and stress-free. To assist you in this endeavor, we have prepared a comprehensive checklist that encompasses all the necessary steps for successfully selling your house by owner in New York.
By following these 6 meticulously laid out steps, you can confidently navigate through the intricate landscape of selling your property and be well on your way to a successful transaction. Let’s embark on this exciting journey together and make your dreams of selling your house a reality!
For most people, buying and selling a home is the largest transaction of their lives. And if you choose to sell yours through a real estate agent, it can also be very expensive with agent fees and commissions.
So it’s no surprise that some people choose to sell their home themselves, in spite of the size of the transaction. If that describes you then you’ll love these this checklist:
6 Steps To Successfully Selling Your House By Owner In New York
Step 1. Decide
This step is quite straightforward. You simply need to make the decision to take action, and conduct the necessary research to gain a clear understanding of what needs to be done. In fact, you’re already on the right track since you’re reading this post! And, let’s not overlook the importance of determining the ideal selling price for your house. Spend some time carefully considering this aspect as well. By doing so, you’ll be better prepared to embark on this journey of selling your property with confidence and success.
Step 2. Prepare
The next crucial step on your path to a successful home sale is thorough preparation. Firstly, it is imperative to educate yourself about the intricate home selling process in New York. Familiarize yourself with the local market trends, regulations, and procedures to make informed decisions along the way.
Secondly, it is vital to prepare your house for the sale. Enhancements such as fresh paint, updates, and necessary fixes can significantly increase its appeal to potential buyers. By ensuring that your house is in move-in-ready condition, you provide buyers with the convenience of settling into their new home without any major hassles.
Remember, comprehensive preparation sets the stage for a smooth and rewarding home selling experience. Take the time to prepare yourself and your house, and you’ll be well-equipped to achieve success in the competitive real estate market.
Step 3. Market
Are you ready to take charge and sell your New York house on your own, as a “For Sale by Owner” listing? If so, it’s time to kick-start your marketing efforts. Get your house out there for everyone to see, starting with prominent online platforms such as Zillow, Realtor.com, and Refind.com.
Don’t stop there – leverage the power of social media, local bulletin boards, Craigslist, Facebook Marketplace, and even traditional newspapers.
The more avenues you explore to market your house, the greater the chances of finding the perfect buyer. So go ahead and seize the opportunity to showcase the unique features and charm of your property to interested parties far and wide.
Step 4. Show
To maximize the chances of selling your NY house, it’s crucial to showcase it to a wide pool of potential buyers. Take the opportunity to present it to individuals through private showings and also consider organizing open houses, which allow for larger groups of interested individuals to explore your property. Remember, the secret to a successful sale lies in generating as much interest and exposure as possible, giving more people the chance to appreciate the unique features and qualities of your house. (Of course, in order to do this you need to do a lot of marketing, so expect to spend a lot of time and effort in steps 3 and 4).
Step 5. Negotiate
If your house is priced right and if you get enough interested buyers looking at it, you’ll increase your chances of receiving an offer to buy. At this point, it’s time to engage in the negotiation process. You’ll typically negotiate directly with the buyers, or in cases where they have hired an agent, you may negotiate through them. This negotiation phase is crucial as it allows you to discuss and finalize the terms and conditions of the sale, ensuring a mutually beneficial agreement is reached.
You’ll be trying to get a higher price while the buyer will be trying to get a lower one. Ultimately, the best price is the one in which the house sells and both parties feel they got close to what they wanted.
Step 6. Close
After finalizing the price and terms, the next step is to handle the paperwork, complete title work, transfer ownership, and receive the proceeds from the home sale. In New York, this process typically takes approximately 30 days from the moment you enter into a contract with your buyer. Working with local real estate attorneys is highly recommended as they can provide guidance throughout the entire home selling process in New York.
Summary
Selling your house yourself in New York can seem very daunting but it’s not as bad as it seems. Just follow these simple 6 steps to successfully sell your house by owner in New York!
There are other ways to sell your house too. If you don’t want to go through all of this hassle, or, if you try and can’t sell your house in New York, you can always sell your house directly to us here at Sell Now Homebuyers.
To find out what we can pay for your house, click here and fill out the form or call our office at 914-559-2579.