Some Basic Guidelines on How to Sell Your Own Home

To sell a home privately or a home for sale by seller is the same thing as "for sale by owner." You can sell your house by owner, if you know how to fill out the contracts and close the financing. A "for sale by owner" home comes with some pitfalls, so seller beware! Read on to learn more.

How to sell your own home

Are you thinking about selling your own home? If you have decided to avoid paying a commission to a Broker, then you should enter this type of transaction with caution. There are ways to do a for sale by owner and places online to teach yourself how to avoid the pitfalls.

Competitive price

You must price your home competitively. A broker has many avenues to list your home, but your only avenue is online, newspapers and a sign in the front lawn. So, you must price your home lower than the competition.

Get recognition

Most buyers will not buy a for sale by owner home unless it is a good deal. So, you are already losing money that could have paid an agent. After you have priced your home, then it is time to advertise your home to get some recognition. 

Talk to agents 

Selling your own home takes more than just a cute flyer and the will to put a sing in your yard. There are many pitfalls that you must be aware of.  Even if you have a friend who will buy your home, consider all possibilities before deciding.

Decisions, decisions.  Do you pay the Realtor fee or do you attempt to sell your home yourself?  Even if you decide to sell your home yourself, most of the advertising that you will have to pay for out of  your pocket will generally bring in more real estate agents than qualified buyers.  When the real estate agents show up, do not discard them as beggars on the street.  Learn as much from them as possible.

This is all free information and you should try to learn as much as possible from them. Maybe they will even show you how to write a contract or tell you about the contingencies in a contract? Some agents will agree to write the contract for a small fee. It never hurts to learn all you can. 90% of all for sale by owners will eventually list with a broker after they have spent money advertising and loss lots of time.

Financing your buyers

You have a buyer and now what? You have to find a bank to qualify the buyer and close the deal. It would help to talk to several loan agents prior to selling your home, so you could learn more. Learn about the best loans being offered and learn about which banks are more lenient.

Sell your house online

You can sell your house online, but you have the same problem as you do with a for sale sign in your yard. How do you close the deal and fill out the contract? There are many websites that will refer you to brokers and mortgage lenders as part of the deal. When you are looking at the free websites to list your home, make sure to compare the benefits against the disadvantages. 

Sandra Barckholtz specializes in closing deals promptly.  Why not give her a call? 

Source:

Sellmyhouse.com