In today’s economy, many homeowners are trying to break into the real estate market without the help of a broker. As an agent, I have found that the main reasons for this can be the price owners pay to sell their homes or simply bad experiences with real estate agents. Many brokerage firms charge a standard 6% commission, which can turn into a lump sum for some owners. However, it is important to remember the time and money that owners must invest if they want to sell through the sale by owner.

1. Put a price on your house

This is the most important part of the process. Be very careful not to overprice your home; Overpricing will reduce buyers’ interest in the property and make competing homes appear better value. The price premium when selling a home is the main reason many For Sale By Owner (FSBO) home sellers fail to sell their homes successfully.

The best way to price your home is to research the sales price of similar homes that have recently sold in your neighborhood. The easiest way to accurately price your home is to contact your local home appraiser. This will prevent you from being turned down for mortgages in the future if you find a potential buyer.

Finally, set your price to just below a whole number, like $349,000 instead of $350,000

2. Market your house correctly

Welcome to the age of the Internet: EXHIBITION, EXHIBITION, EXHIBITION. In today’s market, 92% of buyers are looking online for their next home. That’s compared to just 28% who look at print advertising. We specialize in internet strategies to promote the sale of your home. A couple of places where you can start reaching out to potential buyers are Zillow.com, ForSaleByOwner.com, FSBO.com, and social media.

It is very important to write a detailed description of your house, but remember that being simple and to the point is everything. Details like beds/baths, square footage, nearby schools, grocery stores, and the best features of your home are critical when a buyer is trying to find the perfect fit.

Last but not least, get a yard sign. It’s been proven that about half the time the person buying your home is referred by a neighbor or friend who lives in the area, so make sure everyone in your neighborhood knows you’re selling!

3. Photography and staging

The first impression is key. Photography and staging go hand in hand. Make sure the patio/entrance to the house is clear. Remove parked cars, trash cans, and bicycles. The same applies to interior shots. Remember to think of the furniture as accessories and the room as a stage. Take lots of photos, as the more you take, the more likely you are to get great shots.

You are selling your house. Usually this is one of his most valuable possessions. You deserve quality. Put some effort into it. will be worth.

conclusion

Most For Sale By Owners (FSBOs) are willing to cooperate with brokers, usually offering a 3% commission and saving the remaining 3%. The main concern is the time and money that a For Sale By Owner (FSBO) has to invest. After paying for advertising, he interrupts the family’s show time, keeps the house clean at all hours, hosts open houses every weekend, negotiates with unqualified or bargain-seeking buyers, and finally covers the fees of the lawyers, they are “for sale by owners” and they really do save a lot. ? For some owners, it’s really not worth their time and since 95% of properties are listed with an agent, and 95% of buyers buy something that’s listed, it only leaves an “owner for sale” with a scope of 5%. If you played that in Vegas, it wouldn’t be very good odds in today’s market. Happy sale!

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