FSBO - Tips to Sell a Home
62Selling a home on your own can be a daunting and overwhelming task, even when you have the tools and are prepared. The process of selling a home may appear easy, but sometimes, there are particularities to each transaction, which may affect the entire process and outcome. If you decide to sell your home without the assistance of a Real Estate professional, there are a few issues to keep in mind to help ease the transaction.
The goal should be to sell your home in the shortest time for the most money. However, in this challenging market, there are sellers whose goal is to sell the home as quick as possible, pay the lender what is owed, and walk out with no profits from the sale. Each situation is different, and your efforts should match your goals.
The next important issue is to get as much traffic through your door from prospective buyers who are interested in viewing your property. For this, you will be working on your own advertising, and here you can be as creative as you want. From cards, to flyers, to newspaper ads, open houses, online postings, social networks, an open house party ... the tools are many.
Another issue is to present your home the best way possible. Making your property attractive to different types of buyers is key. You want to appeal to a large group of buyers so de-personalizing your home and presenting it in a neutral way is a great way to accomplish this. Painting, fixing, replacing items to freshen up the property is another way. De-cluttering and rearranging furniture is necessary. If budget permits hire a home stager.
Opportunity is everywhere. Carry cards or flyers with you and give to people, when in casual conversation at the supermarket, doctor's appointment ... If you are de-cluttering and having garage sales, give flyers and offer tours to interested buyers.
Maintain the property clean and organize at all times. It may take a lot of effort, but most buyers are turned off and away when they see a dirty or neglected home. Same goes for curb appeal.
One very important issue is to hire a lawyer to represent you with the contract. And most important is to be very careful whom you let inside your home. Safety precautions are very important, as there are many individuals that would want to steal, and commit other crimes, who look for opportunities such as this to get into your home. Always have a second person present, if possible, and get as much information about the caller, before letting him/her inside your home.
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