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5 Steps To Sell Your Own Home

Todays Date: October 20, 2018

So you’ve decided to sell your own home! Chances are you’re looking to save some real estate commissions and no one can blame you for that – it’s a tough economy out there. It’s critical that you have a few tips that will help you through this procedure.

The for sale by owner process doesn’t have to be as complicated as some people make it out to be. The good news is that the owners of a home know it better than anyone else – including a real estate agent. If you due proper due diligence and understand the market in your area you’ll have an advantage over other people who are simple plucking a number from the sky and praying that their house sells quickly!

These 5 steps can help you sell your own home quickly and efficiently:

1. Clean, clean, clean. A nice and clean home shows better than the average “somewhat of a mess” house. Buyers that come through will know that you’ve taken care of the home if it is tidy. Worst-case scenario, if you absolutely hate to clean like some people do, hire a cheap cleaning service to do a once-over for you.

2. Stage your home so it shows well. Don’t hire a staging company or rent furniture – simply use what you have an make it look nice. Kitchens and bathrooms are the most important rooms in the home. Be certain that they are tidy and organized. Remember to let as much possible light in these rooms as possible, and if the showing is at night be sure to keep the lights on – especially in bathrooms!

3. Market your property realistically. Many people ask way too much for their homes and thus never sell! Even if they do receive an offer chances are if it is priced too high in this market the borrower’s bank will shut it down in the 11th hour – this is the last thing you want. Be sure to do your research and you can even hire a Realtor to do a CMA (competitive market analysis) for you. Otherwise you can always have it officially appraised – however, this might cost a few hundred dollars out-of-pocket.

4. Use a low-cost FSBO service. Although this might cost a few extra bucks, placing your home on the local MLS is a smart idea – chances are lots of Realtors will show your home and you don’t want it to be hidden from the very people who have direct access to the money (buyers).

5. If you receive a purchase agreement to buy your property, you might want to consider hiring an attorney to guide you through the contract. Local attorneys can facilitate the deal for you, usually for a small fee. A couple hundred dollars to know you’re in good hands is certainly better than paying a realtor a large fee for doing exactly what you can do by yourself!

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!

Get 2 FREE chapters from EasyPRO FSBO and learn the secrets of selling a house by owner in 60 days or less!

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