To a busy homeowner, For Sale By Owner can seem intimidating. How do you determine how much your house is worth? Where do you advertise? And, how do you negotiate the closing details. Yes – there is a lot to consider but you can do it yourself and save a fortune in real estate fees. In this article, we will walk you through the process of selling your home – from upgrades to moving out.
The first two weeks on the market is critical because that is when buyers’ interest is at its highest. You do not want to fall victim to a seller’s biggest mistake and not price your home correctly. To determine your asking price, evaluate the home values of similar houses in your neighborhood. If you find that the home values are less than you’d hoped, then you may have to renovate. To get the maximum price for your home, it must have great curb appeal and be immaculate inside. Give attention to the entry way and the front door. Clutter makes a home seem smaller and it is harder for a buyer to see your house as their home. It’s smart to have your home inspected prior to putting it on the market. A home inspection will turn up things that may need immediate repair.
No matter how beautiful your house is, it will not sell unless you advertise. The internet is the best option to reach the most buyers. Some For Sale By Owner home listings are free, so research what’s available. In your ad, be sure to include clear and flattering photographs of the interior and exterior of your home. The accompanying written description should focus on attractive selling features of the house and amenities in the community. Include a description of any and all upgrades you have done and make sure you list the most expensive renovation at the top of the list.
If you decide to offer a commission to selling agents, then you will want to put a lockbox on your premises for easy access by agents when you are not home. Since you have chosen to sell your home yourself, many buyers are going to think that you are saving a lot of money on commissions and will most likely offer you less than they would for similar houses for sale. Be aware of what the average commission structure is in your area. Technically, you can sell your home without a lawyer but getting one is recommended. However, he should give you a discounted rate if you prepare your own documents.
For Sale By Owner is not difficult so long as you arm yourself with knowledge. With some footwork and networking, you can get a great return on your home and not have to share the proceeds with a realtor. The money that you save can then be put toward purchasing the home of your dreams.