If you’ve wondered how to sell a house online in 2021 and into 2022, this is an article for you. As a property owner, you have a few choices. You can do a for sale by owner or use agent and other services. Find out how listing and selling by yourself can put a lot more money in your pocket.
If you have a house you wish to sell, newspaper ads are no longer the way to go. To sell a house you must list it online. Nearly 100% of all home buyers searched online and of course, you want to be where the buyers are looking.
Having your home showcased online is mandatory to have any type of success. But not all approaches are the same. In this article we will examine the four most common approaches to listing your property for sale, so you can make the best decision for your situation.
Use An Agent
Using an agent makes the process fairly simple and straight forward. If you are short on time and you are not interested or willing to do some work, then hiring an agent is something to consider.
Agents offer a variety of services, such as:
- Home staging
- Photos of your home
- Listing materials and posting on MLS and their website
- Show the property
- Create and run open houses
- Collecting offers and assisting with negotiations
- Handling paperwork
While you won’t have to pay for the services up front, they are billed to you through the 6-7% commission fee.
Additionally, not all agents are made the same and some are better than others in different tasks required to get the property sold.
Finally, while they might be doing a lot of leg-work, it does not mean that you can relax on the beach and do nothing. Oftentimes you will be called and asked many questions, especially at the beginning o the process.
Listing Service Provider
This is a new addition to the world of real estate, where different service providers will charge you, typically up front, a flat fee to list your property. So, instead of paying the 6-7% commission you will pay a flat fee and can expect that your property will be listed on their marketplaces.
Many providers offer a local MLS listing while some rely on their network.
The cost of listing can range drastically, but you can expect to pay at minimum a few hundred dollars and up. Different price points may include different levels of service, so you’ll want to learn what those are. Some will provide appointment setting in addition to listing, they may offer listing for a set period of time only, so you’ll want to do a thorough research.
This is not for everyone, but it could work really well for you, if you are looking to sell your property rather quickly and your property can use some TLC, but you don’t have time or money to make it happen. Wholesaler is a person that has a list of interested buyer, typically investors, they they advertise their property to. Without going into much detail as to how wholesaler business works, here are a few things that you should know as a seller.
Typically they will evaluate the value of your property as is and what it could be valued when fixed up. They will likely offer you a price slightly below the current value, but you’ll go under contract very quickly. When they find their buyer, they will transfer the purchase agreement contract to the actual buyer to close the deal and in return for their service, they collect a fee (price price difference of what you got paid and what the buyer paid).
Do It Yourself (For Sale By Owner)
This is the most involved and the most lucrative method in when it comes to how to sell a house online. While many of the service providers, including agents, will scare you into thinking you are incapable of doing it, with all the tools that the world of tech offers us, you are absolutely able to do it yourself!
Selling a house by yourself is not as complicated as it once was. There are many providers where you can list your property for free or for a low fee:
- Craigslist FREE listing
- Facebook Marketplace FREE listing
- eBay PAID listing
- Trulia PAID listing
- Zillow PAID listing
- Tsaishen Crypto House FREE listing
There are likely other providers out there, but these are the most popular ones, well all but the last one, which seems to be a hidden gem that we’ll get to in a moment.
Craigslist and Facebook Marketplace
These two are a great place to list your property for sale and allow potential buyers to reach out to you to ask questions, schedule showings, etc.
This platform can be used to sell many things, including real estate. It’s easy to use, however be careful with the auction feature. There are users who will bid but never pay, which can result in lost time and money. As it’s a paid service, you have to pay regardless whether the property sold.
Trulia and Zillow
In essence these two offer the same thing, ability for a home owner to list a house for sale online. Like other solutions you can post photos, description and leverage large number of people using the platform. The difference is that Trulia and Zillow are real estate specific, so there is a good chance that when someone is looking to buy a house, goes to their websites first.
Whether you go for a free or paid option, all of these options are great and you can use the together (even more people seeing your house for sale). What they lack is the process to go from listing a property to finalizing the sale. This is where Tsaishen Crypto House comes in and differs in a big way.
Tsaishen Crypto House
TCH (Tsaishen Crypto House) s a blockchain based peer to peer real estate marketplace that allows you to list your property for sale for free. With the help of blockchain technology the platform can easily transfer the property and funds between people.
In addition to listing, they offer an array of tools that both buyer and seller may need to go from interest to finalizing the transaction:
- legal forms (state specific)
- online notaries
- send documents and chat with the other party on their platform
- notification when someone is interested in your property
- one click buy button
- one click sell button
- smart escrow service
- promotion service (allowing other users to promote the property and leverage network and social media)
The platform has a 1-2% commission fee. However, you will only pay if you sell a house online.
The downside for some may be that all sales are done with cryptocurrencies, however they do have stable coins they offer, which is pegged to USD and as such no price fluctuation.
While many different methodologies of how to sell a house online exist, the owner is in the full control and can often leverage many different options at the same time. If you are using an agent, you may want to inquire about using other options.
Out of all of them, my personal favorite is Tsaishen Crypto House (TCH) and I like to use it in the combination with the other listing methods to get more interested parties. I basically use TCH to finalize my transactions and other services for the marketing.
What methods do you like and what is appealing the most to you?
P.S. Stay tuned for next post where we talk money and profitability with these different options.