How To Sell Your Own House In Today's Market

53
rate or flag this page

By Shadowood

Sell Your Home With Pictures

Take high quality pictures of your home on sunny days. Try to highlight the good features and benefits of your home,
Take high quality pictures of your home on sunny days. Try to highlight the good features and benefits of your home,

Know Your Market Conditions

During an up real estate market, selling your home is almost too easy to to. In some past market conditions just listing a house has gotten offers within a few days.

However, the present market conditions have seen real estate prices and values drop while seeing an all time increase in foreclosures and defaulted loans. The good news is that by following the steps below you will still be able to sell your own house.



Concerns When Selling Your Home

Before you try to sell your own home by yourself, lets take a quick look at why you might want to.

The two most common reason a person might sell their own home are money and control. But beware, these are myths. Just because you might save a by not paying a Realtor's commission does not mean you will price your house correctly. Also, Realtor's specialize in all the legal aspects of housing. They are less likely to miss important paperwork.


That being said, if you still try to sell the house yourself consider these tips.

Tips To Sell Your Home
1) You are not a Realtor. you are considered an FSBO (For Sale By Owner). As such you are still responsible for the property and disclosure information regarding the property.
2) Real Estate Laws are governed by the state in which the property resides. Make sure you are abiding by any and all regulations pertaining to the sale of a property.
3) Determine the price of comparable homes in your neighborhood. This is going to give you a very good idea of what you can ask for your house when you put it on the market.
4) Check to see how long other homes are staying on the market. Be prepared to drop your price if no one is buying or your house sits on the market for too long. If you did step 3 then you will know if you are asking way too much for your house.
5) Objectively look at your home and make a list of things that need to be repaired. Buyers are going to look at all the details, just remember when you bought it how you were. Buyers are making a big investment, so they are going to be very picky about little things.
6) List your house with online using quality photographs at a site like FsboAmerica.org.
7) Place advertisement posters or ads in your local property listings magazines.
8) Put a “FSBO” sign on your lawn indicating you are selling.
9) On the sign post, place a box with handouts describing your home and the asking price, try to include a picture on the handout if possible.
10) CLEAN AND UNCLUTTER your house before all open houses. It is amazing how many people try to sell a messy house and wonder why no one is buying. This is the #1 mistake of all sellers. Get rid of your junk through a garage sale and the trash. This includes cleaning out the garage and basement. Everything should be pristine.
11) Spruce up the house with scented candles, fragrant flowers, mow the lawn and so on.
12) Hold open houses for buyers to view your house.
13) Create a documented record of all the improvements you have made to the home to show potential buyers.
14) Become comfortable with the offer/counteroffer process.
15) Develop a clear understanding of what happens during closing and make sure you will be able to take care of your part.
16) 1)Figure out what you plan to do when you sell the house. Are you going to buy another house and when will you move?

Get Your House Sold

The more effort you put into getting your house ready for the sale, the quicker it will sell, and the more money you will get for it. Do the work, get the reward.
The more effort you put into getting your house ready for the sale, the quicker it will sell, and the more money you will get for it. Do the work, get the reward.

Room For Improvement

Remember that these are guidelines, while they will take you a long way to getting your house sold, they are not all inclusive or all encompassing. It is important that you understand the laws and regulations governing real estate sales in your area. Understanding the process will help make the process go more smoothly, for both you and the potential buyers. Considering you could save thousands or even tens of thousands of dollars in real estate commissions, any bumps in the road will be more than worth it.


Have You Sold Your House? Let us know how you did.

RSS for comments on this Hub

No comments yet.

Submit a Comment

Members and Guests

Sign in or sign up and post using a hubpages account.


optional


  • No HTML is allowed in comments, but URLs will be hyperlinked
  • Comments are not for promoting your hubs or other sites

working