{"id":51,"date":"2023-12-04T04:28:03","date_gmt":"2023-12-04T09:28:03","guid":{"rendered":"https:\/\/zerofeelisted.com\/blog\/?p=51"},"modified":"2024-02-13T09:09:02","modified_gmt":"2024-02-13T14:09:02","slug":"cheapest-way-to-sell-a-house","status":"publish","type":"post","link":"https:\/\/zerofeelisted.com\/blog\/cheapest-way-to-sell-a-house\/","title":{"rendered":"The 7 Cheapest Ways To Sell Your Home in 2024"},"content":{"rendered":"\n

When you think about selling your home, you might picture the hefty profit you’ll get out of the deal. However, you might not be factoring one potential downside into that figure: the cost of selling a home<\/a>.<\/p>\n\n\n\n

Research suggests that the average homeowner will pay between 10-15% of their home’s sale price to sell the property! Hurdles like the agent’s commission, closing costs, staging, and repairs can add up fast.<\/p>\n\n\n\n

Faced with these bills, you may be asking yourself, “What is the cheapest way to sell a house?”<\/p>\n\n\n\n

The answer can vary, but there are plenty of budget-friendly options for making the sale. Our expert team at Zero Fee Listed<\/a> has put together a list of strategies and approaches to help sellers minimize costs while achieving a successful sale. Let’s take a look at your best options:<\/p>\n\n\n\n

1. For Sale by Owner (FSBO)<\/h2>\n\n\n\n

When you choose to make a FSBO sale, you’re putting a property up for sale without going through a real estate agent<\/a>. This means you won’t have to pay an agent’s commission, which can range between 5-6%<\/a> of the home’s sale price. On a $250,000 home, that could mean shelling out $15,000 for an agent’s help!<\/p>\n\n\n\n

To save that cash with a FSBO listing, you’ll have to put in a lot of extra work. You’ll be responsible for listing, pricing, marketing, staging, showing, and negotiating the final price of your home<\/a>, all without expert guidance. As you might expect, this means a lot of research, though many of the tips we’ll discuss below can help you navigate this process on a budget.<\/p>\n\n\n\n

2. Online Real Estate Platforms<\/h2>\n\n\n\n

Modern online tools make it easier than ever to sell your house cheaply.<\/p>\n\n\n\n

Though many home sellers still use marketplace websites like Craigslist and Facebook Marketplace, dedicated real estate listing platforms allow you to list your property for a low fee. Most also help you manage your showings and offers.<\/p>\n\n\n\n

Big names in the online listing industry include sites like Zillow, Houzeo, and FSBO.com.<\/p>\n\n\n\n

In addition to offering tools to help manage your home sale, these real estate platforms are beneficial for one key reason: they get your listing in front of more eyes.<\/p>\n\n\n\n

3. Flat-Fee MLS Services<\/h2>\n\n\n\n

The Multiple Listing Service (MLS) is a database that real estate brokers use to see one another’s homes. The traditional way to get your home listed on the MLS is through your real estate agent, who will have access to this database.<\/p>\n\n\n\n

If you’re going the FSBO route, you can still get your home in this database with a flat-fee MLS listing.<\/a> These services are the least expensive way to sell a home, as you trade a costly agent’s commission for a much smaller fee, often $100-400.<\/p>\n\n\n\n

Keep in mind that you will still have to pay the commission fee to the buyer’s agent. This will cost you around 2-3% of the home’s sale price, which is still far less than the cost of working with an agent of your own as well.<\/p>\n\n\n\n

4. iBuyers and Cash Home Buyers<\/h2>\n\n\n\n

If you want to avoid the traditional home sale process without putting significant time into the property, iBuyers and cash home buyers are good options.<\/p>\n\n\n\n

An iBuyer, or an instant buyer, is an online home-buying company that streamlines the sale transaction. To sell, you’ll visit the iBuyer’s site, enter your address, and fill in a few details about your home. The iBuyer will research the details and make you a quick offer, often within 24 hours.<\/p>\n\n\n\n

Cash home buyers work in a similar way, and you might see the term used interchangeably with iBuyer online. Cash buyers work fast as well, but they operate on a local level and specialize in hard-to-sell homes. Their goal is often to repair and flip these homes for a profit.<\/p>\n\n\n\n

Choosing an iBuyer or a cash home buyer<\/a> is often the cheapest way to sell your house. These options negate the need for commissions, listing, marketing, repairs, and much more. You may not earn the high price tag you could get with a traditional home sale, but the savings may be worth it.<\/p>\n\n\n\n

5. Low-Budget Home Improvements<\/h2>\n\n\n\n

Putting money into certain low-budget home improvements can often help you save money in the end. Minor repairs and cosmetic fixes are your best bet for a high ROI.<\/p>\n\n\n\n

Painting, for example, is an inexpensive but effective tactic for a quick facelift. Repaint or touch up faded walls, outdated color choices, and worn siding on the front of your home.<\/p>\n\n\n\n

Landscaping is another low-budget improvement with a high impact. A little trimming and pruning in the front and back yard can boost your curb appeal.<\/p>\n\n\n\n

Replacing your entry door is a simple change, but it makes a huge difference. As one of the first things buyers see, the right front door makes an impression. Experts estimate that you could get back almost 70% of the cost<\/a> in added value.<\/p>\n\n\n\n

If you’re handy around the house, tackle minor repairs yourself to improve your home’s value. Fix leaking plumbing, re-caulk old windows, patch holes, and clean out your gutters.<\/p>\n\n\n\n

If you have enough in your budget for a renovation, a minor bathroom or kitchen remodel will net you the highest ROI. Even replacing dated wall coverings, getting new shower doors, or refinishing old cabinets can transform these spaces.<\/p>\n\n\n\n

6. Market on a Budget<\/h2>\n\n\n\n

Without a realtor’s help<\/a> to get more eyes on your home, you’ll have to be creative to market on a budget. There are plenty of ways to get the word out about your home, but here are a few worth considering:<\/p>\n\n\n\n