10 More Tips For Selling Your Own Home

Written by Steve Gillman


Selling your own home can be a time-consuming and frustrating process. Sometimes, though, inrepparttar right market, it makes sense to save thousands of dollars in commission and do it yourself. If you've decided to give it a try, userepparttar 144986 tips here to do it right, and to avoid common FSBO (for sale by owner) mistakes.

1. Understand value. It isn't what you think your house is worth, and it doesn't even matter how much you put into it. It is only what it's worth to potential buyers. Find out what they have paid for other similar homes before you decide on a price.

2. Be objective. This is a difficult one. You may want to get your most honest and outspoken friend to walk throughrepparttar 144987 house with you. He'll see problems you didn't know were problems.

3. Have a plan. What willrepparttar 144988 kids or wife say to those who call? Where will you be closing? Will you have documents prepared by an attorney? A plan will help it all go smoother.

4. Make a list. What needs to be fixed, cleaned, changed, or removed? Dorepparttar 144989 most obvious things first.

5. Be a prepared salesman. List every question a buyer might have, and be ready with an answer. Have comparison sheets showing other home sales, so buyers can seerepparttar 144990 value. Have a map showing where nearby stores and libraries, etc. are.

6. Sell benefits. Don't say "near stores." Say "You can walk torepparttar 144991 store in five minutes." Don't say "garage." Say "No chipping ice offrepparttar 144992 windshield inrepparttar 144993 morning."

Dont Be A FSBO Seller

Written by Steve Gillman


Don't sell it yourself! Sometimes a "FSBO," or house "for sale by owner" can sell as fast, and for as much as it would have if listed with a real estate agent. Sometimes. Before you decide to give it a try though, considerrepparttar following ten points.

1. Most buyers work with agents, and look through MLS listings. If you don't list with an agent, most buyers will never see or hear about your home. It's hard to find that "right" buyer or get top dollar when your invisible to most ofrepparttar 144985 market.

2. FSBOs get lower offers. It's only logical. The buyer thinks you'll take less because you're savingrepparttar 144986 commission! Save $10,000, get $10,000 less - where'srepparttar 144987 advantage in that?

3. You pay advertising. Allrepparttar 144988 costsrepparttar 144989 real estate office normally pays are yours if you sell it yourself. How much will you spend on ads if it takes a a year to sell? 4. You don't haverepparttar 144990 resources. The agent has books of sold properties to look at, for example, to determinerepparttar 144991 best price for your home. You can get that information by digging through county records, but you do have to value your time too, right?

5. You may not knowrepparttar 144992 market. What'srepparttar 144993 target market for your house? Young couples, retirees? What features are they looking for? You should know these things before you write your ads. An experienced real estate salesperson will know.

6. You may not knowrepparttar 144994 laws. What about written disclosures, and who paysrepparttar 144995 real estate transfer tax? Just because you sell it yourself doesn't mean you get to ignorerepparttar 144996 laws.

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