Tag Archives: Owner

10 Things Every For Sale By Owner Should Know

1) Get Professional Advice. Use local Real Estate Agents for a free Home Valuation to find out your properties worth. This is a no-obligation free service; You do not have to agree to your home or use their services.

2) Invest in your Home. You should receive some pretty good feedback from Real Estate Agents and their valuations. Ask them what you can do to increase your home value?

3) Do Market Research. Read the paper, pick up Real Estate Magazines for your local area, and go to open houses with in a 5-7 block radius. Talk with others sellers in your area. Compare and contrast your House and Pricing based on your findings. There are many free internet resources available where you can dig up some great facts about homes sold in your neighborhood recently.

4) Price to Sell. Pricing your Home based on facts and not your emotional value of it, is essential in successfully getting your home sold.

5) Set a Realistic Time Frame. Manage your expectations. Look at the various factors of how the market can affect the time your home sits on the market. Factors that can affect this vary from Supply of similar Homes for sale in your neighborhood or how long it takes the average home to sell.

6) Stage Your Home. De-clutter, work on curb appeal, clean up trash, paint outside if needed, replace worn carpet, and repair broken fixtures. Stage your furniture like a Model Home or a Furniture store. Make it cozy yet inviting and clean. Allowing potential buyers to see how the space will work for them.

7) Marketing is Key. Every previous step is only activated if people know your home is for sale! Attract potential buyers. There are so many different types of Advertising. One that is really effective is listing your property on your local Multiple Listing Service which allows your home to be listed in the database of Homes for sale that Real Estate Agents use when their looking for properties for their buyers. You need to be here. There are many internet Listing services that offer packages which include this service. Only a licensed Real Estate Agent can list properties for sale here, but you can a Flat MLS fee service or another Internet listing site. I will visit this further as this step is very important.

8 ) Have Open Houses. Have cookies baking..clich̩..yes! But it works, people relate to smells, have an inviting smells. This goes without saying but Рclean up and make sure your home is staged. Everything mentioned in Step 6!

9) Have Forms Available. You should always have forms for potential buyers contact information for easy follow-up and advertising trackibility. Have easy to take flyers of your Home with your contact information and Property Details. Have resources available to qualify a buyer. You will need contracts. When “closing the deal” you want to look into getting professional help here.

10) Don’t Forget. A typical Sale involves:

• a home inspection,

• an appraisal,

• a survey,

• a title search,

• a termite examination,

• loan underwriting and approval,

• date of closing,

• Show me the money!

For Sale By Owner Check List

Many believe that in order to obtain the best price in the home, they need to sell yourself. Why pay thousands of dollars to work as an intermediary, you can do for you? Although nearly 25 percent of homes sold last year, sales of the owner, said at least half of a professional next time.

This does not mean you can not complete a successful sale without a professional, but a homeowner needs to understand the risks and be as organized and informed about the sales process than any agent. Here are some key points to consider before you decide to fly solo

Property Value

Realistic pricing of your home is essential to the successful sale of your property. If it is a price too low, you can potentially lose money. If the price is too high, you can also lose money because of the cumulative cost of the house remains on the market longer. Two years ago when I sold my house there was a final sale by owner in the same neighborhood. The property was much more expensive than it was worth it and last I heard the place was still for sale.

Determining the value of your home requires a thorough knowledge of your market. You can start to make comparative studies of similar properties for sale or recently sold in your area. It’s probably a good idea to hire an expert to give you an accurate value of the market.

Marketing

A good broker will promote your home on your own website, the MLS website, in print and by word of mouth. You have to compete with this strategy to effectively promote your property. Your home needs to stand out among all other listings and agents is to sell, the higher the cost of marketing.

A good place to start is with one of the many online “sale by owner sites that offer a type of reasonable advertising packages. You can also promote a cash incentive from the sale initiated by a realtor, or you may experience a few scattered houses open.

Commitment

One of the major contributors to a house to stay on the market longer than necessary, the owner’s lack of commitment to see the house regularly, and that includes the organization and promotion of open days. A certain period of time should be devoted each day to sell your home.

Dealing with customers

One thing real estate agents are very effective filter serious buyers window-shop or low ball. You will learn to deal with these people and not fall for an offer that you will regret later.

Provide useful information to the prospective buyer is prepared to your credibility. A real estate agent is still waiting in the wings to answer questions about financing options, the cost of home repairs in connection with acquisitions, recommendations for home inspectors, lawyers, etc.

Meet the Experts

Familiarize yourself with the inspectors, attorneys and representatives involved in the title of your sale. You do not want a delay in the process, choosing the wrong people to be treated.

Legal information

Closures have come down because of inaccurate or incomplete paperwork. Have the necessary legal documents ready and know the process inside. Financial incentives or inclusions should be documented, signed and dated, verbal agreements do not count.