For Sale By Owner - Why Not?
In today's market "for sale by owner" may be the best way to sell. It doesn't take a scientist to be successful at selling your own home. The information in this article may provide you with thoughts you may not have had before. You can do it yourself!
This is a no-brainer but think about it, you must prepare your home for buyers. New paint helps and is not expensive. Make sure your home is ultra clean. Most important, and most over looked by sellers, you need to get rid of the clutter. Less is more! Rent a storage facility or have a garage sale but get rid of the clutter. Less furniture makes a room look larger. Over stuffed closest are a real turn off to buyers who want plenty of storage space. Get rid of all the nick knacks. Don't forget the junk in the yard.
We all know how important curb appeal is. Get those yards cleaned up, front and back! Remember, an appraisal has pictures of the back yard as well as the front. I know this sounds silly but a junky back yard tells an underwriter a lot about your home's interior and maintenance routine. A buyer may over look it but the appraiser and lender do not.
Next, get a home inspection performed. An inspector will check the structure and systems in your home. He may find things you are not aware of. It is better to find and repair these issues before the buyer's inspector does.
Make sure you price it right. Spend the money to get a professional appraisal performed by a HUD approved appraiser. Do not rely on a real estate agent's market analysis. These are seldom accurate and many times an agent will just blow smoke by telling you what they think you want to hear.
Sit down with a mortgage broker. They have a wealth of knowledge you need to take advantage of. Most brokers have free FSBO programs that will help you immensely. You should understand what your costs will be based on the type of loan the buyer acquires. Did you know that a VA loan could cost you much more in closing costs PLUS home repairs that probably are not required by other loans? Will your home qualify for a FHA loan without making very costly repairs?
Your mortgage broker will teach you the areas you need to watch in the sales contract. He may even provide you with blank contracts and other state mandatory disclosures required when you sell your home. Many will even create your home flyer and your financing options flyer. All buyers want to know two things: how much will my payments be, and how much money do I need to pay down plus closing cost.
Yes, you should list your home on a "For Sale By Owner" web site. I want to caution you here. Some of these sites charge you a lot of money for things that do not/will not help sell your home. Homebuyers don't spend hours searching "For Sale By Owner" web sites. Usually they work with real estate agents, read the newspapers, or drive on the streets in the neighborhoods they want to live.
When you list your home on the Internet you can put the URL in your newspaper ads, your flyers, and on your yard sign. When a buyer drives by your home or sees your ad they can go to the Internet and see pictures, amenities, and the price. If your house fits their needs and their budget, they will call you. If not, it is less of a bother for you.
With all this said, the rest is just common sense. You Can Sell It Yourself!
Article Source: http://www.search-raven.com
About the Author
Connie Sanders owns and operates a great For Sale By Owner web site on line. Connie is always happy to answer your questions or help you with your flyers or photos. Check it out at fsbobasics.com
This article is licensed under a Creative Commons Attribution - No Derivative Works 3.0 Unported License, which means you may freely reprint it, in its entirety, provided you include the author's resource box along with LIVE links (without "nofollow" tags).
by: ConnieSanders
Total views: 40
Word Count: 653
Rating: Not yet rated