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A realtor is not required to sell your home in Indiana. Many people choose to sell their homes on their own, known for sale by owners. With realtor fees anywhere from 5-7% of the home sale price, many sellers choose to save on fees and do the legwork themselves.
Here are 6 steps to sell a house by owner in Indiana: Prepare your home for sale. Set a price. List your home. Show your home. Negotiate the best price. Close.
Choose an Ideal Location. The location of your home affects its cost. ... Calculate Mortgage Rates. It is important to understand Indiana mortgage rates before you buy a home. ... Prepare Down Payment Requirements. ... Get Pre-Approved for a Mortgage. ... Conduct a Home Inspection. ... Close Your Mortgage Loan.
Step 1: Price Your Home for Sale. Listing price is the single most important factor that will help you sell your house fast in Indiana. ... Step 2: Prep Your Home for Sale. ... Step 3: Market Your Home. ... Step 4: Manage Showings. ... Step 5: Review, Compare, and Negotiate Offers. ... Step 6: Close the Sale with a Professional.
Unlike some states, Indiana does not require that you have a real estate attorney physically present during closing. You are allowed to handle closing on your own. However, as with all legal matters, just because you can do it on your own doesn't mean you should.