Selling a house is not something that most people do frequently. If you don’t know a local New Orleans real estate agent who is willing to sell your house for free or at a significantly reduced commission, it can be a challenging and costly process for you.
“So, you probably ended up on this page about “How to sell your house by yourself in New Orleans, Louisiana” for a few reasons, I’m assuming.”
- You have no or very little equity in your house so you can’t afford to pay a real estate agents commissions
- You have equity but want to try to save money selling the house yourself before you resort to hiring an agent
- You’re in foreclosure (or heading that way) and just need to sell fast without incurring thousands in agent commissions
- You can’t wait the months and months it sometimes takes to sell a house in the New Orleans area in this market so you want to try to sell it more quickly
Regardless of which situation you find yourself in, there are options available for you to sell your house by yourself in the local real estate market of New Orleans.
The housing sector has been undergoing a significant recovery since 2013, and selling your house during this time can be highly profitable if done correctly. Success often involves utilizing intelligent marketing strategies and maintaining realistic expectations regarding the desired outcomes of the sale.
In this article, we will discuss some tips and guidelines that can help you sell your New Orleans house on your own without the help of a real estate agent. While it may seem daunting at first, selling your house on your own can save you money on commissions and give you greater control over the selling process. We’ll cover topics such as pricing your home correctly, staging your home, marketing and advertising your property, and negotiating with potential buyers. With the right preparation and approach, you can successfully sell your house on your own and achieve a successful sale.
How To Sell Your House By Yourself In New Orleans LA – Let’s Dive In
Know The New Orleans Real Estate Market Well
The initial and crucial step is to conduct a market research on your locality in the New Orleans, LA region. This process involves exploring different home marketing websites (such as Zillow, Eppraisal, the Chase home value estimator, etc.), reaching out to one or two real estate agents to determine your home’s worth, or reading about the various market pricing methods. Thorough research on these topics will enable you to determine an appropriate price for your property and also prevent you from making certain selling errors.
If you prefer not to go through the trouble of determining your home’s value, feel free to contact us at (504) 399-3155 and we will provide you with an honest and fair assessment of your home’s value on the retail market, provided you are willing to wait the 3-6+ months it may take to find the right retail buyer. In addition, we can offer you a fair all-cash deal on your house, which gives you the option to sell quickly if you wish (with the potential to close in as little as 7 days).
Asses the market
This step is almost similar to conducting market research, only that in this case, you are bound to your neighborhood and similar houses. Are there lots of houses for sale in your neighborhood here in New Orleans? If so, what is the average that they are listing for? Are there lots of foreclosures in your neighborhood? That may drag your house price down.
Asses the house
To sell your house at a good price, it should be in top condition or shape. You should also identify certain unique characteristics about your house and emphasize them during marketing. For instance, in a New Orleans, a house with a driveway parking may be more appealing to buyers than one with garage parking, so make sure to highlight these features to potential buyers.
Additionally, consider if your house requires any repairs or updates. Does it need repainting, both inside and out? What is the condition of the roof, and is the landscaping well-maintained? Is the design and style of the house outdated? All of these factors can impact the level of interest and offer price from potential buyers.
Once you have completed all the necessary preparations, it’s time to set a fair asking price for your New Orleans home. The price should not be so high that it takes you too long to find a buyer, but it should also be attractive enough to generate a lot of interest and get a quick sale.
Use Photos or Videos
Buyers in New Orleans have a strong preference for media. One effective way to reach a wider audience is to take walk-through videos of your house and use them for advertising. Videos are often viewed as more transparent than photos, although it’s still recommended to use both options since photos are more cost-effective.
Having great pictures of your house online could be the difference between getting the right buyer quickly and waiting months to sell. Make sure to take pictures of every room that helps show off the house and also take pictures of the house from the outside in a few different angles. This allows potential buyers to see the house before they schedule a visit. Therefore, take some great pictures to attract more buyers to your property.
Get Your House “Listed” On The Local New Orleans MLS And Market It
Nowadays, it’s possible to find real estate brokers who charge little or no fees to list your house on the local New Orleans MLS. By doing this, your house will quickly be made available to all real estate agents. However, if you intend to seek the assistance of buyer’s agents in finding a buyer, you must be prepared to pay them a buyers broker fee of 2-3%.
Place ads in the local newspaper, signs on the roads, and hold an open house.
If you’re looking to sell a property, one of the most important things you can do is to promote it effectively. There are a variety of marketing strategies you can use, but a few tried and true methods include placing ads in the local newspaper, putting signs up on nearby roads, and holding an open house. By utilizing all three of these methods, you can reach a wider audience and increase your chances of finding the right buyer.
Placing ads in the local newspaper is a great way to get the word out about your property. Many people still read their local paper and the classifieds section is a popular spot to look for homes for sale. By crafting an engaging ad that highlights the best features of your property, you can capture the attention of potential buyers who might not have found your listing online. Make sure to include high-quality photos and an accurate description of the property to entice readers.
Putting signs up on nearby roads is another effective way to promote your property. This allows you to reach people who live or work in the area and might not have seen your ad in the paper. Make sure your signs are eye-catching and include all the essential information, such as the asking price, number of bedrooms and bathrooms, and your contact information. You may also want to include an arrow or directional sign pointing towards your property to help people find it.
All Of This Sound Like A Lot Of Work To Sell Your New Orleans House Fast Yourself?
It can be.
Ultimately, a lot of New Orleans homeowners who sell their house themselves believe they are saving time and money, but often find out that it ends up costing them more in the long run.
When you sell your own house here are some things you need to consider…
- If you’re not a good marketer or aren’t ready to spend a bunch of time marketing your house right… selling it yourself may not be your best bet
- If you don’t do a good job preparing the house and the marketing materials… and working with buyers to really build the value of your house in their minds… you may actually sell the house for 3-8% less than you may get for the same house an experienced person marketed the house for you
- Too many sellers never think about holding costs or opportunity costs…
Each month that your house remains unsold, you will have to continue making mortgage payments, tax payments, insurance payments, and utility payments. For instance, if your mortgage payment is $1,500 per month and $1,300 of that is interest, and it takes 7 months to sell your house, that means you would have spent an additional $9,100 in interest alone, not counting the taxes and insurance you paid during that time. Therefore, it may be worth considering offering a discounted price to a buyer today in order to close the sale quickly and move on, especially if it could save you money in the long run.
“If you prefer not to deal with the hassle of selling your New Orleans house by yourself and would like to sell it quickly at a fair price without any commission or fees…”
… here at Omni Home Buyers we actually buy local New Orleans LA houses.
We’d love to make you a fair, NO OBLIGATION and NO HASSLE cash offer on your house.
“We offer a quick closing option (in as little as 7 days if you prefer) that can save you thousands of dollars compared to attempting to sell the house on your own and waiting for months.”
Also, when we buy local New Orleans houses we do all repairs that are needed (we pay for it ourselves) so you don’t have to worry about that.
“If you are interested in knowing how much we can offer for your house, feel free to contact us today at (504) 399-3155 or simply fill out the quick and easy form using the link below.”