Houses For Sale By Owners–Here Are 10 Tips For Success.
1. Do Your Homework. Take some time to get an idea what your local real estate market is like. You want to get an ideal what sort of houses are selling and how you can improve your chances of getting a sale quickly.
2. Time Your Decision Well. Gauging current market conditions and expert timing are two key factors in selling your house. This if are forced into selling quickly, you are limiting your chances of getting the money for your home.
3. Don’t Be Afraid To Ask For Help. Selling a home is a complicated endeavor and your may not be able to handle it all on your own. There’s more to it than just writing up a sales contract. In most states you will be required to hire an attorney or a title specialist to help ensure all legalities have been addressed.
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4. Assess Your Homes Fair Market Value. This is probably hardest task to accomplish. This may in fact be a much more emotional decision than you might realize. Don’t guess or depend on “buzz” to figure out how much you should sell your home for. Do your homework and see what houses in your area are really selling for.
5. Stay Level Headed. Houses for sale by owners can run into some really tricky areas. But it’s important to leave your emotions out of the equation. While this is your home, your goal is to sell it for the best price possible. Don’t take things personally when potential buyers bring up issues. Remember this is a negotiation.
6. Stage Your Home To Sell Quickly. Houses for sale by owners should be properly staged and look as presentable as possible. This will add to the value of your home and can lead to quick-sale and higher asking price. Declutter your house, clean it thoroughly and perform some cosmetic repairs. Never show your home while it’s messy. Remember you want to make a great first impression.
7. Advertise! Houses for sale by owners should be properly advertised as widely as possible. The first thing you should do is put a “for sale” sign in the front yard. You also want to be sure your home is advertised properly in local real estate listings.
8. Learn to negotiate. You don’t have to haggle over every little detail. However, you want to stay focused and be ready to negotiate the right price. Remember you did your homework and should be armed with that knowledge.
9. Avoid The Lookie Loos! A “lookie loo” is someone who has just come to walk through your home with no intention to buy. They are often drawn to houses for sale by owners. They will wander through your home and check everything out, with no real intention of buying anything. Don’t be afraid to be very insistent that you are serious about selling your home. If someone else seems more interested, it’s OK to ignore the lookie loos and zero in on buyers.
10. List Your Home On GlobalPinoy.homes. Houses for sale by owners can be listed on your local listing service like GlobalPinoyHomes.com. It’s usually free to do so and it will open the door to thousands of potential buyers nationwide.