Though selling your home yourself is discouraged in today's housing market,
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Why Choose For Sale by Owner?
People decide to sell their homes themselves for a number of reasons. The first reason for this is usually that they don't want to pay for a "middle man," as they may have debts to pay or simply want to turn a profit. Experts agree,
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The reason is that FSBO properties rely on drive-by views or the odd online view of their listing. They don't have the resources available that an agent would have,
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How to Price Your FSBO
Pricing is a tricky subject. Doing your homework is the biggest favor you can do for your home. Start by getting an appraisal. Search for low-cost appraisal companies. Mention that you are selling your home yourself and they may give you a discount.
Once you have a professional appraisal done, begin researching the market home value of homes sold in your neighborhood in the past year. Remember that homes sold through agents may have higher markups. Also, it may be difficult to locate pricing information for For Sale by Owner homes, but not altogether impossible. Ask the new owners politely what they paid for their home,
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Be sure to correctly price your home. The first two weeks that you put your house on the market are the most crucial, as that will tell you whether people are interested in your house at its determined price. The longer a house sits without selling, the less likely it is to sell at all.
Marketing Your Home
In order to get the public interested in your home, you need to be a savvy marketer. Surprisingly, newspaper ads still generate a lot of interest in homes under For Sale by Owner. And now, the Internet offers resources for FSBO housing, also. Forums and sites sometimes offer free or cheap listings that allow you to upload photos, post information about your house,
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Staging an online photo tour is an easy, cheap way to get people to see your house. Take high-quality digital photos of several well-lit, neatly organized rooms. Post them in a photo tour, and include information about the house's age, its special features, and positive aspects about the location.
Make the Deal
If you do happen to get an offer on you home, be sure to draft a contract using the assistance of a lawyer. Don't accept a first offer unless you also supply a counter offer. You also don't want to scare any potential buyers away from dealing too aggressively.
Listing and selling your home as a For Sale by Owner can be tricky, but it is definitely possible. Be sure to do all of your research and get the facts before making this big decision.
How To Do A For Sale By Owner The Right Way
