A person who does this without a title interest in the property or authority from you commits a criminal act. It’s called fraud, but he is really “stealing” your property. The short answer is yes. Anyone can sell your property without your consent.

With that fact in mind, let’s look at five steps involved to sell your house yourself.

1. Step 1: Determine the fair market value of your home. You must get this step right.
2. Step 2: Prepare the home for sale.
3. Step 3: Market the home for sale.
4. Step 4: Negotiate the sale.
5. Step 5: Handle the closing.

What Documents Do You Need to Sell Your House?

• Proof of your identity.
• Property title deeds.
• Shared freehold documentation.
• Energy Performance Certificate.
• Management information pack.
• Fittings and contents form.
• Property information form.
• Mortgage details.

Private house sales no estate agent There are a number of websites that will allow you to list your property for free – such as House Ladder or Property Sell – and advertising via social media, the local newspaper and in local shops will all help market your home as much as possible without incurring a cost.

According to the Homeowners’ Alliance, solicitors and conveyancers can cost between £500 and £1,500 for the legal fees alone. On top of this you’ll have to pay for: Title deeds – proof you own the property, normally held by the Land Registry (£25).

Sole selling rights means that the estate agent will have the exclusive right to sell your home and you will still have to pay the estate agent even if you find a buyer yourself. A sole agency is still only using one agent, but if you find a buyer yourself you don’t have to pay commission to the estate agent.

However, to avoid paying estate agent fees, you could enlist the help of family or friends to show potential buyers around your home while you are at work. Or simply arrange viewings for evenings or weekends.

A Your mother can sell your brother’s house to whomever she likes and for whatever price she chooses – there are no legal reasons to prevent her from selling at a heavily discounted price to a family member. There may also be an inheritance tax (IHT) bill if your mother dies within seven years of the sale.

Selling your house to a family member or friend can seem like a great opportunity but it still needs to follow proper real estate sales protocols. However, what you save on real estate commissions or other fees, you could lose if you fail to handle this transaction like any other real estate transaction.

You can sell your house to whomever you want. In making your choice of buyer you should not necessarily agreed to the buyer with the highest offer. Consider instead whether they are a cash buyer or in a sales chain, whether or not the buyer has found a buyer for their property and how long their conveyancing chain is.

The short answer is yes. You can sell property to anyone you like at any price if you own it. But do you really want to? The Internal Revenue Service takes the position that you’re making a $199,999 gift if you sell for $1 and the home’s fair market value is $200,000, even if you sell to your child.

4 Smart Tips for Selling a House to Friends and Family

1. Get the Best Deal for Both Parties. Often when the seller knows the buyer, they’re tempted to go down on their asking price to give their friend or family member a deal.
2. Navigate Finances Carefully.
3. Dealing With Future Problems.
4. Always Disclose the Relationship.

One reason people choose to sell their homes themselves is because of the savings. If you sell your home yourself, you will save money that would have gone toward paying the real-estate agent’s commission. You also need to consider the fact that closing costs go with selling a house. These can vary and be expensive.

The IRS knows that your uncle would not sell the house to a stranger for a dollar. The IRS also knows that the price is only $1 because the buyer is family. Therefore, it is considered part sale and part gift. Most folks who ask this question think that such a sale will help avoid estate and inheritance taxes.

HUD’s Dollar Homes initiative helps local governments to foster housing opportunities for low to moderate income families and address specific community needs by offering them the opportunity to purchase qualified HUD-owned homes for $1 each.

Private house sales no estate agent There are a number of websites that will allow you to list your property for free – such as House Ladder or Property Sell – and advertising via social media, the local newspaper and in local shops will all help market your home as much as possible without incurring a cost. Otherwise, you can sell directly to a real estate investor like Your Trusted Home Buyer, this is also a viable way to sell if your home is damaged.