|Real Estate Information|
How To Go About Selling Your Home On Your Own
In days of booming real estate, you would think that selling a home shouldn't be too much of a task. And if it's going to be that easy then why not do it on your own and save yourself on thousands of dollars in commissions. Well, you would be right in thinking so! Selling a home on your own has become much easier these days compared to earlier and it's something that has been done successfully in the recent past by many homeowners. Nevertheless, you cannot totally eliminate the 'option' of considering the services of a real estate agent. It's worth a try selling your home on your own but if things don't seem to work out then it's best to go back and rely on the services of a trusted agent you know.
So how should you go about selling your home on your own? Outlined below is a useful checklist of how you can go about selling your home on your own and points you'll need to keep in mind while you go about the home selling process.
First things first. Before putting your home on the market, make sure your home is ready to sell. You don't want buyers coming to your home and walking back without a trace of interest for reasons you could very well avoid. Spruce up your interiors, have your entry way done up, improve the curb appeal of your home, ? Basically, do everything that you think would impress you if you were a buyer for your home. If you choose to make improvements to your home, do consider whether the cost of such improvements can be justified by a hike in the price of your home or in selling your home faster.
Next, you'll need to set an asking price for your home. You may ask an agent to give you a comparative market analysis of homes in your area, you may look up data on how much homes in your neighbourhood have sold for in recent times or look around your neighbourhood for homes on sale and compare their prices. Make sure you don't over-price your home. (You may get a free home appraisal done here.)
Importantly, put a 'For Sale' sign outside your home. The implications of this are quite obvious - it would tell your neighbours and passers-by that your house is for sale and the word will spread.
Compose a flyer for your home with picture and details of your home. You could put these flyers in a transparent folder on your 'For Sale' sign for interested buyers to take home with them to look through. Distributing these flyers in supermarkets and other stores will also help in increasing the chances of a quick sale.
Get a set of real estate contracts and disclosure forms. You may find these in some stores or you may also get them from the Internet.
Plan your advertising budget and the mediums you choose to adopt for advertising your home. You may choose from TV advertising, Newspaper Classifieds, Real Estate Magazines and Internet Ads. With a number of people using the Internet these days to begin their search for a home, advertising on the Internet proves to be a cost-effective medium.
Plan and execute an 'Open House' for buyers to come and inspect your home. Effectively, Saturday and Sundays would be ideal for such purpose.
Finally, you'll need to rope in a real estate attorney to handle the closing, when you've got a buyer who's presented you with a signed offer that's perfectly acceptable to you.
Selling your home on your own will require some patience and perseverance on your part. It's not something you can do if you're too busy to be able to show your home to buyers or to be able to effectively market your home. Selling your home on your own though will save you a lot of money in real estate commissions and is something definitely worth the effort and time you put in. So, following the outlined points above should get you through most of the home selling process. And once your home's sold, celebrate!
Sameer S Panjwani is the CEO and Founder of the popular FSBO website ChoiceOfHomes.com
Tidy Up The Outside, Reap The Rewards
There isn't a realtor in existence who wouldn't tell you that one of the most important terms that you can learn when you're trying to sell your house, is "curb appeal."
Practical Advice for Finding Irish Castles for Sale
Have you ever wondered what it would be like to live in a castle?
Notify Them When Youre Moving
One of your first steps, when you're getting ready to move, is to pick up a stack of change-of-address cards from the post office. Yes, old-fashioned go-by-snail post cards! You'll want to notify everyone in your address book and also.
Destin Florida Triples In 3 Years
Do you want to see something that is absolutely amazing? Let me show you what has happened in Destin, Florida over the last 3 years. Back in August of 2002, the median price of a home selling in Destin was $229,000. One year later, August 2003, the median price in Destin increased to $305,000, or a 33% price increase.
Find the Right Apartment Quickly and Easily Using an Apartment Locator Service
You've probably seen the ads or heard about apartment locators. But what do they really do and why should you choose an apartment locator to help you find an apartment area?
Commercial Real Estate Industry - Is the Condo Craze Over, or Just Gaining Steam
Over the last two years there has been so much condo activity that many commercial real estate lenders are starting to express concern over the future stability of condo markets. Some lenders have recently found themselves over allocated in condominiums as a result of the recent activity and have therefore become wary of all but the best opportunities.
Home Not Selling In Todays Hot Market? Tips and Ideas to Help You Sell
So, your selling your home. Prepare yourself both physically and mentally for the agony of the endless phone calls and interruptions to your daily schedule. But more importantly, prepare your home for the ever critical eye of each person walking through the door. For it is not their goal to see the good in your home, but to see each and every flaw that has ever been. What can you do as a seller to minimize these flaws and highlight your homes best features? Let's take a look at several reasons why your home may not be selling and some easy-to-do remedies.
StagingŪ Your Home for Sale: a Superior Real Estate Home Marketing Technique: Part 1
Every Realtor KNOWS that a home should be shown in its best light to help sell it faster and for more money! We also know that, properly done, it Is a lot more than putting fragrant pies, breads or cookies in the oven, opening the drapes and turning on all the lights; although even that helps greatly.
Kings Bay Georgia Real Estate - Be Picky When You Choose your Realtor!
I have been a mortgage lender for many years and have seen a few transactions go sour. When problems arise after a contract is signed, it can be stressful for everyone involved. Here are some things that you will want to know before you choose your real estate agent.
Probate & Obituary Marketing
I start my marketing with obituaries followed with probate filings and find it just another effective way to acquire property.
Understanding Real Estate Terminology
Purchasing a home can be a complicated and confusing process, especially for first-time buyers. Throughout the process, first-time home buyers will encounter a variety of unfamiliar real state terms. There are several key terms associates with purchasing real estate that are helpful to learn.
Searching the Hawaii Property Listings
Maui is an island so full of life and vivacity (perhaps because of the fact that it was formed millions of years ago by the eruption of two volcanoes) as well as being mixed with the enticing calm that you can only experience when you are near the sea. Sounds enticing? All of these dreams can become a reality by simply searching the Hawaii Property Listings and making the move. Maui also offers astounding attractions, such as the sight of playful humpback whales, or the majestic sunset while you lounge at a white, sandy beach. These attributes make Maui a great place to start a new family, or even just to get away from the exhausting hurly-burly of the city life. Yes take a look at the Maui property listings and be enticed!
Real Estate Development Feasibility Study (Income) - $1.2 Billion Developer Tells You How To Do One
There are two sides to a feasibility study and in an earlier article I discussed the cost side of the format and:
Realities of Real Estate Investing
If you are anything like me, you are always looking for a good way to work for yourself and make tons of money. Is this not the dream of millions of Americans? Of course it is, and I am willing to bet that you have considered getting into the real estate market at some point. You probably figure, you will buy a little and sell a little, and renting? How easy is that? Am I close? Have you ever thought along these lines?
Real Estate Investing Myths That Steal Profits From Your Pocket
One of the things that distresses us about our industry is the amount of wrong or incomplete information available to investors. Some myths block what otherwise would be a great deal, while others would have you believe that a bad deal is actually great. For example, we encourage purchasing homes "subject-to" the existing mortgage as an option to finance the purchase of an investment property. This means that title to the property is transferred to the purchaser, but the loan remains in the original borrower's name with payments made by the purchaser. Unfortunately, many myths exist around this method which could rob you of your profits. Let's take this opportunity to dispel 5 of the most common.
Finding Structural Problems During Escrow ? Small Rural Home Example
In rural home purchases, the transaction is often subject to a satisfactory home inspection being done. Any imperfections are usually corrected during escrow. Now and then, however, a home inspection uncovers severe structural problems. What happens then?
Expenses of Home Ownership
Hopefully all goes smoothly when you purchase your home. In your anxiousness to become an owner it may not have crossed your mind and no one tells you, your'e not done spending money on this transaction. It may not be soon and it may not be much, but you will need to have a comfortable income above your expenses.
Why Move to the Poconos?
Awaken to the sounds of softly rustling trees and tranquil gurgling streams. Stroll along quiet lush wooded mountain trails. Fish, golf, camp, and explore to your heart's content... all within minutes of your own home. Have you ever vacationed in a beautiful natural setting and dreamed of living there permanently? Now you can make that dream a reality. The Poconos invites exciting new settling options... safe communities and quality modern housing developments, sequestered in the breathtaking mountainside of Eastern Pennsylvania.
Real Estate Investors Kick Away $1,000
Those new to real estate investing often fail to take action because they don't have much cash. The truth is that the very best investors got their start when they had little or no money.
Real Estate Investing: Infomercial and Mentoring Scams
Flipping through late-night infomercials recently, I saw two real estate get-rich quick schemes, and I couldn't help but wonder why people still fall for those old scams? Has anyone really talked a seller out of his home for no money down with owner financing lately?
|home | site map|