How To Sell Your Home FSBO

You decide to sell your home and believe you can handle the selling process. Good for You!

Of course you’re a little nervous and that’s normal. You might stay awake at night wondering how long it is going to take to actually sell this home.

“Can I get my asking price?” You wonder.

Yes it is possible to sell for sale by owner and yes you can get your asking price.

If you followed the guidelines outlined in our Do It Yourself FSBO Tips for sellers you will have your home ready to sell.

So what’s the key to selling a home within a timely manner?

Readiness, Price, Terms and ADVERTISING!

Get your on-line listing and set your advertising budget for an aggressive marketing campaign.

What this means is blasting your home for sale in the newspaper locally and out of town where new buyers are coming from.

Use your on-line listing to direct your potential buyers to in your ads. This will keep your advertising dollars down for each ad, allowing you to advertise twice as much than if you placed a long detailed ad in the newspaper.

Giving you twice the exposure. Not to mention the attention your on-line listing service is attracting for you.

Run your ads for a month, this might even get you a discount with the newspapers. Ask for One!

If you sell your home before the month is over you should get a refund for the time unused.

Exposure is what it takes to get your home noticed.

Price is what will sell it.

If you are selling a high dollar home your best option for a quick sale is to offer assistance to the buyer. Help them with the down payment and your home is sold!

People pay outrageous rents sometimes more than a mortgage would cost.

So the everyday living expenses are easy, it’s the saving of the down payment that holds people back. Take away that problem that holds them back and you’ve got a sale!

If you take an aggressive approach to selling right off the back using the Internet as your main marketing tool you should have an offer on the table within no time.

If you don’t get an offer within the first few weeks reevaluate your price. Consider helping with the down payment by offering a small second mortgage to open the market for more qualified buyers.

Here’s a sample ad you could place in the newspapers utilizing your on-line listing.

$5000 Down 3/2 FSBO

Brandon Fl. No Realtors

[http://www.xxxxxxxx.net/listings/99999.html]

555-555-5555

This short ad will lead all potential buyers to view all the details and photos of your property for sale. Allowing them instant access to learn more about your property before they even call you.

Working for you to Sell itself.

Good Luck and Don’t Give Up!

How To Sell Your House By Yourself: A Short Guide

Selling your house is something you’ll have to do maybe just a few times in your life. And unless you know a local real estate agent who will sell your house for free or a hugely discounted commission… it can be a real pain in the rear and an expensive process for you as well.

So… you landed on this page about “How to sell your house by yourself ” because of a few reasons I’m guessing…

  • You have no or very little equity in your house so you can’t afford to pay a real estate agents commissions
  • You have equity but want to try to save money selling the house yourself before you resort to hiring an agent
  • You’re in foreclosure (or heading that way) and just need to sell fast without incurring thousands in agent commissions
  • You can’t wait the months and months it sometimes takes to sell a house in your area, so you want to try to sell it more quickly

Whatever one you land in… there are ways to sell your house yourself in your local real estate market.

Since 2013, the housing sector has been experiencing a major recovery. Selling your house at this time will definitely be profitable if you do it right. In most cases, it is about using smart marketing strategies and being realistic about your expectations on what you want to achieve with this sale.

This article will provide some guidelines to help you sell your house yourself.

How To Sell Your House By Yourself – Let’s Dive In

Know The Real Estate Market Well

The first and most important step is doing a market research on your neighborhood. This step involves visiting various home marketing sites (Zillow, Eppraisal, Redfin, etc), calling a real estate agent or two to see what your home is worth, or reading about the various market pricing techniques. Proper homework on these issues will allow you to come up with a right price for your house and also helps you to avoid making certain selling mistakes.

If you don’t want to hassle with trying to come up with a home value yourself… contact a local cash home buyer. They’ll be able to give you an honest fair valuation of what your house is worth in its current condition. And most cash homebuyers can make you a fair all-cash offer on your house within 24 hours, to give you that option of selling quickly (most cash homebuyers can close within 14 days).

Assess the market

This step is almost similar to conducting market research, only that in this case, you are bound to your neighborhood and similar houses. Are there lots of houses for sale in your neighborhood? If so, what is the average that they are listing for? Are there lots of foreclosures in your neighborhood? That may drag your house price down.

Assess the house

As a seller, your house should be in top condition or shape in order to sell at a good price. Identify certain unique characteristics about it and emphasize them during the marketing. For example, a house with garage parking may be more attractive to buyers compared with one with driveway parking.

Also, does your house require repairs? Does it need to be repainted inside or out? How is the condition of the roof? Is the landscaping in good shape? Is the house outdated at all? (you know, those popcorn ceilings. All of these things can make the house more attractive or less attractive depending on the buyer… which changes the price they’re willing to pay.

After all of this… come up with an asking price for your home that is fair… isn’t so high it’ll take you 12 months to sell the house… but is attractive so you get a frenzy of buyers who are ready to buy it quickly.

Use Photos or Videos

Buyers are obsessed with media. Taking walk-through videos of the house and using the videos to advertise will enable you to reach a wider market. In fact, these videos are considered more transparent than taking photos. However, this should not stop you from using the latter option since it is more affordable compared to the video.

So take some great pictures. Take a picture of every room in the house that helps show it off. Take a picture of the house from the outside in a few different angles… people want to see the house before they ever show up to see it. So having great pictures of your house online could be the difference between getting the right buyer quickly… and waiting months and months to sell.

Get Your House “Listed” On The Local MLS And Market It

You can find no or low fee real estate brokers these days who will charge you a few hundred bucks to put your house on the local MLS. This gets your house in front of all of the real estate agents quickly (so be prepared to pay those “buyers” agents a 2-3% buyers broker fee if you plan to have their support in helping you find a buyer.

Place ads in the local newspaper, signs on the roads, and hold an open house.

All Of This Sound Like A Lot Of Work To Sell Your House Yourself?

It can be.

And in the end, many homeowners think they’re saving money and time by marketing the house themselves… when in the end it costs them more money to go that route.

When you sell your own house here are some things you need to consider…

  • If you’re not a good marketer or aren’t ready to spend a bunch of time marketing your house right… selling it yourself may not be your best bet
  • If you don’t do a good job preparing the house and the marketing materials… and working with buyers to really build the value of your house in their minds… you may actually sell the house for 3-8% less than you may get for the same house an experienced person marketed the house for you
  • Too many sellers never think about holding costs or opportunity costs… every month that your house doesn’t sell means another mortgage payment, tax payment, insurance, utilities, etc. If your mortgage payment is $1,500/mo… and $1,300 of that is interest… if it takes you 7 months to sell your house… that cost you an extra $9,100 (not to mention taxes and insurance you paid during that time). So, if you were able to sell that house more quickly… would it make sense for you to provide a buyer a discounted price today so you can close quickly and move on? Something to think about.

A local cash home buying company can give you a fast offer for a fair price.

Looking To Sell Your House At The Highest Price Possible? What to Do

When selling your house, you need to do a little marketing just like you would with any other kind of sale. You can of course use the help of a real estate agent to do the work for you, but it is important that you put in some effort as well. If you choose to work with an agent, then make sure that you only choose those inclined to bring you the best prices however small the house maybe, the style or the condition. Avoid those who only make marketing efforts for luxury homes, leaving the smaller properties to sell themselves.

With potential buyers scattered all over, you just need to make a plan that will keep the phone ringing, bringing in views and finally closing deals. Here are a few things you can do to sell your house fast and at the highest price possible.

Touch up the house

A new splash of paint can greatly add value to your house and so are other minor repairs that need to be taken care of. Usually doing smaller touch ups gets you better value than having to deduct such costs from the price. Try to add value to your house every way possible and buyers won’t mind buying the house for the price tagged.

Take good exterior photos

Listing your house without high quality photos might not fetch you much results. Remember that buyers trust more in what they can see and hence upload the right photos to accompany the advert. To make a difference, photograph the front part of the house ensuring that you remove vehicles on the driveway and shoot angles photos that are up close. Vegetation blocking your front door should also be cleared and sidewalks cropped out. When taking the photos, avoid times when there is shade. The better the photos the more the attention they will capture on your behalf.

Be as good with interior photos

The exterior photos will welcome potential buyers into your home and they will be expecting to see whether the interior is as good as the exterior. Accompany your listing with good photos of the interior as well therefore. Take pictures of every room in the house, ensuring the lights are turned on, drapes and blinds open and focus being on the most interesting details in individual rooms like wooden floors or even lighting. Keep toilet lids on and get rid of trash cans to have appealing photos even in the bathroom and kitchens.

Have proper signage

Whatever marketing channel you choose to use, ensure that you offer the buyers enough contact information. The worst thing you can do is make it hard for the buyers to reach you or your agent so be careful with signage and work by the rules and regulations if any are there especially with the relevant homeowners association. Apart from the signage on the property, give clear details with your printed ads or direct mails too.

How to Sell Your Home Without a Real Estate Agent

Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range.

According to the 2004 National Association of Realtors® (NAR) Profile of Home Buyers and Sellers fourteen percent of homes were sold by-owner. The NAR study listed the two most difficult tasks for for-sale-by-owner (FSBO) were preparing and fixing up the home for sale and getting the pricing right.

Invite three full-time mid to high producing agents to your home to give you an opinion of price. Understand that if the three price opinions are not what you think the property is worth, you should understand the danger of an over-priced property. Homes that are over-priced have been studied by large national real estate brokerages and over-priced homes take longer to sell and sell at a lower price as a percentage of the original list price.

Ask the agents to give you constructive feed back on what you should do to make your home visually appeal to the majority of buyers. Below are some staging tips to prepare your home for market.

1) Research how to “stage” your home to maximize its appeal to homebuyers by creating a spacious and pleasant home environment for buyers.

·Start by removing the first thing that gets in your way.

·Take one or more major pieces of furniture out of every room to make it more spacious.

·Keep matching furniture pieces together to build uniformity in a room.

·Create seating areas where two or more people can talk.

2) Keep the eye moving when staging a room.

·Use furniture placement to direct the buyer’s eye toward a room’s features.

·Move large pieces of furniture away from windows.

·Place large furniture at entry end of room to lighten visual load at opposite end of room.

·Use area rugs to anchor seating arrangements.

·Have your dining table closed to its smallest size.

3) Use furniture placed on angles in a room to give it a quick update.

·Angle a bed in a corner of a bedroom to focus attention.

·Angle furniture in a V shape in living and family rooms.

·Angled furniture can help fill a room short on furniture and lend a designer look.

4) Create vignettes in rooms to set mood.

·Breakfast tray with coffee cups, newspaper, flower vase on bed.

·Set the dining room table with linen tablecloth, china, silverware,and stemware.

·Set up game table for chess, bridge, or backgammon.

5) Effective model homes focus on creating the right environment.

·De-clutter so buyers can overlay their furnishings and lifestyle.

·Clean, fresh, and new smell.

·Attention to detail. Clean rooms and landscaping trimmed.

·Subtle background music, classical, light jazz, or rock.

·Interior décor and wall colors accent home’s architectural features.

·Live plants or fresh flowers add finishing touches.

6) Understand decorating basics that can guide you to repositioning a room.

·Color. A little goes a long way.

·Scale. Do furniture sizes complement or overwhelm a room?

·Pattern. Easy does it to avoid distracting from room itself.

·Lighting. Use it to define dark corners. Helps to fill out a room.

·Focal point. Fireplaces, views, art, find one in every room.

·Texture. Adds visual interest, warms cold spaces and finishes.

Understanding and completing the paperwork in a real estate transaction was number three of the most difficult tasks according to the NAR study. Once your home is priced right and ready for market you should retain a real estate attorney to help you review contracts, disclosure forms and to help you qualify potential buyers of your home. An experienced real estate attorney can help you avoid the common pitfalls in real estate negotiations and will facilitate a smooth transaction.

Here are some cliff-notes on real estate contracts.

·Use an approved real estate contract by your state real estate attorney association or local Board of Realtors®.

·Real estate contract. A binding agreement between buyer and seller. It consists of an offer and an acceptance as well as consideration (i.e. money).

·Acceptance. Agreement by the parties of the terms of a contract.

·Contract length. Research customary contract lengths, the standard is 45 days from contract to closing.

·Have sold comparables properties on hand for prospective buyers.

·Comparable. Closed prices for similar homes in age, condition, location and size.

·Price. Study average sold prices as a percentage of lists in the last six months.

·Low-ball offers. Buyers should offer over 87% of list if they are serious, otherwise you will should not responding at all to low-ball offers.

·Counteroffer(s). The response to an offer or a bid by the seller or buyer after the original offer or bid. Request all counteroffers to be in writing.

·Require all buyers to present the highest level of mortgage commitment with their contract.

·Mortgage Commitment. A document by a mortgage lender that commits the lender to providing a loan at agreed terms and conditions.

·Mortgage term, rate and amount. Look for strong down-payments of thwenty-percent or more. Interest-only loans signal that the buyers could be stretching to qualify for a loan.

·Cash offers in lieu of mortgage financing should be confirmed with a letter from your financial institution stating funds are on deposit to close the contract.

·Federal law requires Lead-Based Paint Hazard disclosures.

·Lead-Based Hazard. A disclosure of reports or knowledge of Lead-Based Hazards. Buildings built after 1978 do not present Lead-Based Hazards.

·Read Protect Your Family From Lead in Your Home by the US EPA.

·Real property disclosures required by the federal or your state Written statements by the seller(s) of a property disclosing any known defects.

·Local disclosures. Local requirements of disclosure that the seller provides and the buyer acknowledges, such as certificates of occupancy.

·W-9 form. An IRS form requesting taxpayer identification and certification numbers of buyers to receive interest on earnest money from delivery to closing.

·Subject to appraisal. Most contracts as part of the mortgage contingency require the subject property to appraise at a minimum of contract price.

·Appraisal. An objective third parties opinion of value by a licensed or certified appraiser.

·Earnest money deposit. Money given to the seller at the time the offer is made as a sign of the buyer’s good faith.

·Research customary earnest money deposits as they vary. The larger the deposit, the increased motivation you buyers show to perform the contract.

·Refund of earnest money deposits. Contracts should provide for refund of the entire earnest money deposit within agreed contingency periods. Seller’s attorney should hold earnest money deposits.

·Attorney approval period. Your attorney reviews and makes changes to the contract, typically 5-7 business days.

·Property inspection period. The right under a contract for the buyer at their expense to discover the actual condition of the property. This period typically runs 5-7 business days.

·Well and septic inspections. These are independent of structural and mechanical inspections.

·Timelines for contingencies run concurrently.

·Contingency. A provision in a contract requiring certain acts to be completed before the contract is binding.

·Closing/ escrow date. The date of the end of the transaction process where the deed is delivered, documents are signed, and funds are dispersed.

·Possession date. The date agreed by contract when the buyer can occupy the property.

·Final walk-through. A property tour before closing or escrow that permits the buyers one final verification of condition, agreed repairs and personal property.

·Tax pro-rations. The amount of credit given to buyers at closing for unpaid property taxes, when taxes are paid in arrears. Pro rations should always be more than 100 %.

·Personal property. List and initial all personal property included with the sale, such as air-conditioners, appliances, and playground equipment.

·Home sale contingency. The contract is contingent on the sales of the buyer’s property.

·Buyers show motivation when including a home sale contingency by having their current property already on market.

·Home closing contingency. The contract is contingent only on the successful closing of an existing real estate contract.

Marketing your home to prospective buyers should include these methods.

·A professionally painted yard sign.

·Newspaper advertisements classified and photo.

·Public and broker open houses.

·Internet: virtual tour and at least eight photos.

Sell Your Home in 30 Days – Top Tips For Selling Your Home in Less Than a Month

There is nothing as stressful as putting your home on the market, and it takes forever to find the right buyer. Statistics from the National Association of Realtors indicate that the average time a home spent on the market in 2016 was 78 days which is quite a long time. On the other hand, some homes spent less than 30 days on the market. If you’re planning to put your home on the market, then you’ll be hoping to sell it as fast as possible and move on with your life. Below are some of the top selling tips that will help you sell your house in less than a month.

Improve Your Curb Appeal

The first impression determines how long your house will stay in the market. Consider what a potential buyer will see if he/she steps in your compound for the first time. Take suggestions from real estate experts and friend on how you can improve your home to make it more appealing. Make sure that your landscaping is well-groomed and your driveway plus the exterior walls and porches are clean and attractive. Curb appeal is what draws potential buyers to the inside of your home and helps in maintaining their interest in your home.

Get Rid of All the Clutter

You must clear all the clutter if you’re serious about staging your home. De-cluttering may not be easy, and sometimes it will require offsite storage, but it’s worth the trouble. A de-cluttered home draws the attention of potential buyers, and it will help you sell within few days. Make sure you clean and clear all the surfaces, closets, floors, and cupboards. A de-cluttered house also creates an impression of more space in the eyes of potential buyers, so get rid of all the unnecessary things as soon as possible.

Price It Aggressively

Setting the right price for your home is the single most significant decision that you’ll have to make when you put it up for sale. If your price is too high, you risk turning off potential buyers in the marketplace. And if you set too low, then you risk leaving a lot of money on the table. Look at your competitors’ home prices and establish what you feel like it is the best price in the market. Remember to be tough and honest while setting the price for your home.

Light Up

Always maximize the in your home. According to a real estate broker, good light is one of the key things that most potential buyers cite while looking for a home. You can maximize the light in your house by changing the lampshades, cleaning the windows, increasing the wattage of light bulbs, clearing the bushes outside to let in more sunshine, and taking down the drapes.