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Real Estate

Rent Your House Without A Realtor

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You could save 1,000’s selling or renting your property without an estate agent. Self selling your home can cost as little as $1. I recommend researching what is involved before hiring or engaging in a realtor

An estate agent may take 1% for sales, or 1 months per year for rent or lettings (1 out of 12 wold be 8.33%).

Selling a 200K home @ 1% for the estate agent would be 2K. For this 2K, they get you the best price for your home, but all this can be self-managed.

If you are too busy at work, and you hire an estate agent, then you must earn net 2K to pay the estate agent. Depending on your tax rate, you need to make at least a gross of 3K-4K to net 2K to pay the realtor.

DIY-ing the sale or rent of your house without a realtor is not as difficult as it sounds. For a little bit of effort, you can cut out the fees.

What is involved in self-renting out my house

You’ll need to clean & declutter your home. Where possible, rent out a storage unit for the duration of the sale. This will hugely increase your chances of a sale. If you hire a realtor, you’ll still incur these costs but they will encourage you to declutter.

You can either pay a photographer or take the pics yourself. Why not take them yourself? If you’re house doesn’t sell or the picture quality is poor, then hire a photographer

For your description, search for similar homes in your area, then copy and paste the advert description. Modify it to suit your property.

The realtor or estate agent would cover your building energy cert, however, the cost for this should be 100-ish.

Upload this info to a property website, such as gaffco.

Managing viewings

As a rule of thumb, don’t organize 1 viewing per person. Equally don’t go over board and have 20 people showing up at the 1 time.

Viewing slots for 6-10 people

Don’t get in anyone’s way. You could just wait outside and afterwards, they can ask any questions, they may have.

I recommend viewing sessions of 2 hours max. This would accommodate on average 6 potential buyers. Ask those interested to email over bids.

Once you have reached an agreement with the buyer, the process has ended and the solicitors / lawyers can take over
Self-sell or rent your house today on gaffco, realtor-free

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