Selling a house on Craigslist is something to consider if you want to reach a vast base of potential clients. Of course, there are hundreds of other real estate sites. But Craigslist has free options.
That doesn’t mean it’s easy to market your house on Craigslist! With over 80 million ads posted per month, ad competition is tight. You’ll also be competing with other experienced homeowners, realtors, and authority real estate listings.
To stand out from other listings, you must master how to sell a house on craigslist. Here, we’ll answer most of your questions about selling a house on Craigslist.
Pros of Selling a House on Craigslist
You won’t need a real estate agent when selling your house on Craigslist. That means you’ll be able to avoid the realtor commission and save some costs of selling. If you add the cost of the free ads, Craigslist becomes a better proposition straightaway.
Imagine the commissions you’re likely to pay if your house sells for $500,000. The commission you’ll payout could amount to $50,000. It doesn’t matter if your buyer has their agent, the commission saved here is significant.
Like any other realtor site, Craigslist has potential buyers searching for house deals. If you’re serious about selling your house, the prospects on it are worth every inch of your effort.
Keep in mind the abundant traffic that the site gets on a daily basis. With over 50 billion views per month, listing a house on Craigslist is a no brainer.
Sometimes a house is dilapidated and selling is your only option. That means you can’t afford to fix it. The house may not even be able to meet mortgage standards.
If you want to save time and avoid committing to a realtor, Craigslist can be your best way to sell your house. There are many pre-agreements that you may need to sign before hooking a realtor. Meanwhile, on Craigslist, you only need to wake up, set up your ad and wait for email notifications.
Cons of Selling a House on Craigslist
Listing your house on Craigslist means you’re selling on your own. You won’t be able to enjoy the professional experience of a real estate agent.
Most of the time, real estate agents know the ins and outs of selling a house. They can access more networks and real estate databases that can give your home a lot of publicity.
Besides scam rumors, Craigslist can pose some safety concerns for a home seller. You’re likely to create several posts and share heavily to be able to reach potential clients. That exposes you to many scammers and unqualified buyers.
Sometimes you’re safe with a reputable real estate agent because they can point the right buyer. They’ll send more targeted ads and reach qualified buyers within the shortest time. Sometimes, they may have a link to a line of prospective buyers waiting for property updates.
Remember the hassle of selling your house on Craigslist. When listing a house on Craigslist, you take up the roles of a real estate agent.
You must create outstanding ads to stand a chance of selling your house. You also have to receive clients’ calls, schedule appointments, and book viewing sessions. That means you’ll for-go most of your routine tasks and focus on selling your home.
If you consider selling your house on Craigslist, here are some tips and tutorials to guide you.
Tips for Selling a House on Craigslist
Before you start setting up your ad on Craigslist, it’s important you prepare first. You’re likely competing against other sellers and realtors. So you have to research rival offers and plan how you can outshine their ads. Study their headlines, keywords and copy so that you can be able to create a more competitive ad.
Photos can bring out the features of your home and attract viewers’ interest more than text copy. Craigslist allows you to include up to four photos of the item in question in your ad.
To beat other advertisers, your photos must be captivating and of high quality. Make sure your house is neat and clean before taking the photos. Be sure to highlight any renovations you’ve done.
There are many craigslist ads brandishing the titles “professional real estate agent.” As a homeowner and a seller, you boast of more appeal to Craigslist buyers. So, it’s best to emphasize your role as “For sale by owner.”
Since your ad speaks to many people, use easy to understand descriptions. Be specific on your home’s features. Point the number of bedrooms, bathrooms, or garage. If it has a swimming pool or a garden, you can mention that to give yourself a leg up over competitors.
When selling a house on Craigslist, the ad’s headline is your weapon to boost engagement. Catchy headlines convince readers to open and read the content of your copy.
Consider the headline as a mini advert of your house. Try to capture all the outstanding features of your home on the headline.
How to List a House on Craigslist
Here are the steps you need to take for listing and selling a house on craigslist:
- Visit craigslist.org to list your house on Craigslist.
- On the top left-hand side corner of the page, click create a posting.
- Narrow your locations, then select the house offered and tap “real estate by owner.”
- Enter your details, starting with the created headline, house descriptions, locations, and contacts.
- When it comes to pricing, consider a price that allows for negotiations. Most people on the lookout for Craigslist real estate offers expect a bargain. The price can also help you to weed out unqualified buyers.
- Upload the house’s photos and post the ad. You may also need to research the best time to list a house on Craigslist.
- Repost your ads
Craigslist ranks ads in chronological order. The latest ads rank higher. If you repost your ads daily or after a few days, they can gain higher visibility.
Research recommends Sunday as the best time to list an ad. Weekdays may not be the best because most people focus more on their work obligations.
Is Selling Your House on Craigslist a Good Idea?
Craigslist is one more way to sell your house. It’s free and it has the most traffic than most marketing platforms, but it shouldn’t be your only option. You can also use social media, Zillow, Realtor.com or your local agents.
More marketing options enable you to reach potential buyers faster and save time. If you’re thinking about selling a house on craigslist and are interested in cash buyers, contact us today for help.