You’re looking into selling your own home. Most people do this to save on the real estate fees and commissions, and the process of FSBO has certainly taken off in the last few years. You want to arm yourself with some good knowledge and have some of the best tips to sell your own home under your belt.
Selling your own home can be complicated, but it doesn’t have to be. Doing the proper due diligence is very important – once the up-front research is complete, you should feel good about knowing you’ve done your homework in researching the market and finding the best price to list your home at.
Here are some valuable steps to take when selling your own home:
1. Clean your home so it shows well. Dirty, mess homes never show well and it reflects negatively on the sellers. If you don’t like cleaning, spend a few dollars and hire a cleaning service to do it for you. This is extremely important.
2. Staging is also very important. No need to rent furniture as you should leverage what you already have in the home. Pay special attention to kitchen and bathrooms as these areas actually sell the entire home – they are the most important aspects of any home and buyers will note this.
3. Spend some time and do research for your home’s value. Many times a seller asks too much and they sit on the market too long – this listing becomes “stale” after a few months. Avoid this at all costs.
4. Use a good FSBO service. These services are available online and will promote your property on the Multiple Listing Service, or MLS. It’s important to get in front of the realtors that are representing the buyers for your home. If you aren’t listed, chances are you’ll get fewer showings and absolutely no traffic at your open houses.
5. This about hiring an attorney to facilitate and negotiate the contract for you. This is always helpful because local attorney usually specialize in the real estate contact arena. It’s much better to pay a few hundred dollars and know you’re represented and being looked out for than losing sleep at night guessing on the paperwork.
Start with these 5 tips – research, do your due diligence, and gather the proper information needed to sell your own home. Saving tens of thousands of dollars by selling your property rather than hiring an agent is an exciting journey – but does require some homework. As mentioned before, the homeowner knows their home better than anyone else – and chances are they can sell it quicker if they simply have the right tools to ensure a good, quick sale!