Do you have property for sale? Have you ever considered selling it as a For Sale By Owner? It can be done and it saves you paying out commissions to brokers. Only you know if this is the right decision for you. I sold my home in the states as a for sale by owner and saved almost $15,000 in commissions. The following are some tips if you are considering selling your home as an owner.
- Market your house.
Advertise it for free on listaproperty.com and consider paying for a top placement listing- Potential buyers always see the listings on the first page. Tell everyone you know you are selling your house. I sold mine to a friend of my neighbor.
- Take quality photographs.
See our previous tips on the importance of photos when selling your home. The vast majority of home buyers start their search online. Quality photos, and a lot of them, are your best bet for capturing the attention of potential buyers.
- Price your home correctly.
Research your neighborhood and find out what homes are selling for. You can find out so much information online. The biggest mistake for sale by owners make is pricing their property too high. Take a critical look at other properties in your area and price accordingly. You will save the commissions paid so you can afford to price a bit lower (but not too much).
- Make some home improvements.
You are saving the commission money so set some aside and paint your home, make necessary repairs and spruce up the yard or garden.
- De-clutter your house.
This is a good time to consider putting things in paid storage for a while. Remember you are competing with every other house in your neighborhood that is for sale. Get a step up on the competition and provide a clean slate. Potential buyers can visualize their furnishings in an uncluttered environment. When selling any house keep everything to a minimum. Minimal furniture shows very well.
- Keep your house spotless.
When showing your home keep your house spotless. Closets should be tidy and organized, cupboards clean, everything dusted. Your home should smell clean but not of cleansers.
- Try to make every effort to meet potential buyers on their schedule.
This is where agents have the upper hand. They can meet clients within an hour at the most. Make every effort to meet your potential buyers on their schedule. If not, they will go to an agent.
- Know your selling points.
What made you buy the house in the first place? Share with potential buyers what you love about your house, your neighbors and the neighborhood.
- Talk to an attorney.
Have an attorney look over your contract and educate you about all legal matters revolving around real estate transactions.
- Have your property online.
You can save a lot of time by directing potential buyers to your listing on listaproperty.com or your own website. Have exterior shots and a picture for every room in the house.
You can sell your home as a for sale by owner and keep more of your home equity in your pocket.