So you've decided to sell your own home! Chances are you're looking to save some real estate commissions and no one can blame you for that - it's a tough economy out there. It's critical that you have a few tips that will help you through this procedure.
The for sale by owner process doesn't have to be as complicated as some people make it out to be. The good news is that the owners of a home know it better than anyone else - including a real estate agent. If you due proper due diligence and understand the market in your area you'll have an advantage over other people who are simple plucking a number from the sky and praying that their house sells quickly!
These 5 steps can help you sell your own home quickly and efficiently:
1. If your home is clean, chances are it will show better than a dirty one. Pretty simple right? A clean home makes the sellers look good - it shows potential buyers that you've cared for the home and are proud of its appearance.
2. Staging is also very important. No need to rent furniture as you should leverage what you already have in the home. Pay special attention to kitchen and bathrooms as these areas actually sell the entire home - they are the most important aspects of any home and buyers will note this.
3. Market your property realistically. Many people ask way too much for their homes and thus never sell! Even if they do receive an offer chances are if it is priced too high in this market the borrower's bank will shut it down in the 11th hour - this is the last thing you want. Be sure to do your research and you can even hire a Realtor to do a CMA (competitive market analysis) for you. Otherwise you can always have it officially appraised - however, this might cost a few hundred dollars out-of-pocket.
4. Use a low-cost FSBO service. Although this might cost a few extra bucks, placing your home on the local MLS is a smart idea - chances are lots of Realtors will show your home and you don't want it to be hidden from the very people who have direct access to the money (buyers).
5. After receiving an offer, hire an attorney. For a couple hundred dollars you can find an attorney in your local area to "facilitate" the real estate contracts. If you're not a professional chances are you might need some help and it makes a significant difference to have someone on your side who is "representing" you, and it will cost a lot less than a real estate agent!
Start with these 5 tips - research, do your due diligence, and gather the proper information needed to sell your own home. Saving tens of thousands of dollars by selling your property rather than hiring an agent is an exciting journey - but does require some homework. As mentioned before, the homeowner knows their home better than anyone else - and chances are they can sell it quicker if they simply have the right tools to ensure a good, quick sale!
The for sale by owner process doesn't have to be as complicated as some people make it out to be. The good news is that the owners of a home know it better than anyone else - including a real estate agent. If you due proper due diligence and understand the market in your area you'll have an advantage over other people who are simple plucking a number from the sky and praying that their house sells quickly!
These 5 steps can help you sell your own home quickly and efficiently:
1. If your home is clean, chances are it will show better than a dirty one. Pretty simple right? A clean home makes the sellers look good - it shows potential buyers that you've cared for the home and are proud of its appearance.
2. Staging is also very important. No need to rent furniture as you should leverage what you already have in the home. Pay special attention to kitchen and bathrooms as these areas actually sell the entire home - they are the most important aspects of any home and buyers will note this.
3. Market your property realistically. Many people ask way too much for their homes and thus never sell! Even if they do receive an offer chances are if it is priced too high in this market the borrower's bank will shut it down in the 11th hour - this is the last thing you want. Be sure to do your research and you can even hire a Realtor to do a CMA (competitive market analysis) for you. Otherwise you can always have it officially appraised - however, this might cost a few hundred dollars out-of-pocket.
4. Use a low-cost FSBO service. Although this might cost a few extra bucks, placing your home on the local MLS is a smart idea - chances are lots of Realtors will show your home and you don't want it to be hidden from the very people who have direct access to the money (buyers).
5. After receiving an offer, hire an attorney. For a couple hundred dollars you can find an attorney in your local area to "facilitate" the real estate contracts. If you're not a professional chances are you might need some help and it makes a significant difference to have someone on your side who is "representing" you, and it will cost a lot less than a real estate agent!
Start with these 5 tips - research, do your due diligence, and gather the proper information needed to sell your own home. Saving tens of thousands of dollars by selling your property rather than hiring an agent is an exciting journey - but does require some homework. As mentioned before, the homeowner knows their home better than anyone else - and chances are they can sell it quicker if they simply have the right tools to ensure a good, quick sale!
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