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How to Sell Your Home as a For Sale By Owner

Monday, March 2, 2020   /   by Karey Kendrick

How to Sell Your Home as a For Sale By Owner

Today, I am going to begin a two part series on how to sell your house without an Agent as a For Sale By Owner.  

Inside the FREE report we’ve created, you'll find 10 insider tips to selling your home by yourself which will help you sell for the best price in the shortest amount of time.  

You'll find out what real estate agents don't want you to know. On today’s video, I am going to cover 5 out of 10 Tips, subscribe to our Channel to get notified next week when I will cover the remaining 5 tips. 

If you've tried to sell your home yourself, you know that the minute you put the "For Sale by Owner" sign up, the phone will start to ring off the hook. Unfortunately, most calls aren't from prospective buyers, but rather from every real estate agent in town who will start to hound you for your listing. 

 

Like other "For Sale by Owners", you'll be subjected to a hundred sales pitches from agents who will tell you how great they are and how you can't possibly sell your home by yourself. After all, without the proper information, selling a home isn't easy.  

Perhaps you've had your home on the market for several months with no offers from qualified buyers. This can be a very frustrating time, and many homeowners have given up their dreams of selling their homes themselves.  

But don't give up until you've reviewed these tips and ordered our free report entitled "Sell Your Own Home" which has been prepared especially for homesellers like you. You'll find that selling your home by yourself is entirely possible once you understand the process. 

Today, I am going to be highlighting 5 Tips: 

  1. 1. Price it right 

  1. 2. Prepare your home for sale 

  1. 3. Prepare Yourself with All necessary legal documentation 

  1. 4. Market Your home effectively 

  1. 5. Remain objective during a showing of your home 

 

If you ask anyone who has ever tried to  sell their home themselves they'll tell  you that from the moment the "For  Sale by Owner" sign goes up, the phone  begins to ring. Unfortunately, many of those calls will not be from prospective  buyers, but rather from real estate agents  looking to obtain your listing. Obviously the idea of not having to pay a commission  to a real estate agent is attractive to  any homeseller. But because of all the issues involved in the process, selling a  home on one's own can be challenging as  many homesellers will attest to.   

The key is to be properly prepared. If  you are not, your home could remain on  the market longer than you expect  because you are not attracting and getting  offers from qualified buyers. This can be  a point where many homeowners become  frustrated and consider giving up their  dream of selling their home themselves.  However, there are sellers who accomplish  selling their own homes, very well.  You can be one of them.   

These tips have been especially  prepared to assist homesellers, such as  yourself, understand the elements  involved so you, on your own, can sell  your home quickly and for the most  amount of profit. To help you prepare,  here are the 5 inside tips that you should be  aware of before you make the decision as  to whether or not this is the right  approach for you.  (And don’t forget to tune in next week for Part 2 of our How to Sell Your Home By Yourself Series. 

Price it Right...
Correctly setting 
your  asking price is critical. Setting your price  too high can be as costly as setting it too  low. Home prices are determined by fluctuations  in the marketplace not by your emotional  attachment or by what you feel your  home is worth. In order to establish a realistic  price for your home, objectively compare  the price, features and condition of all  similar homes in both your neighborhood  and other similar ones which have sold in  recent months. It is also important for you  to be familiar with the terms of each potential  sale. Terms are often as important as  price in today’s market. Carefully budget  your selling costs and prepare a net proceeds  sheet to calculate your best estimate of what  you will take away from your home sale.  Prospective buyers may also request this  kind of analysis of buying costs.  

Prepare Your Home for Sale...
First  impression is crucial. Make sure your home  makes a positive statement by carefully  inspecting all details and viewing it through  the objective eyes of a buyer. Don’t gloss  over needed repairs and fix-ups, as your  prospective buyers won’t. Your job is to  ensure that your home stands out favorably  from the competition.   

Prepare Yourself With All  Necessary Legal Documentation...  
Not surprisingly, there are many important  legal contracts and documents which you  must assemble, complete and understand. A  partial checklist of forms that you will  require for prospective buyers and for legal  documentation is as follows:  Seller Disclosure • Purchase Contract  • Mortgage Payoff • Loan Application  • Deposit Receipt • Property Profile Fact Sheet  • Buyer’s Cost Sheet • Closing & Settlement  • Personal Property • Exclusion List  • Property Survey • Sellers Statement  /Plot Plan of Representation   

Market Your Home Effectively...  
Beyond the sign you will put on your lawn,  you should find effective ways to spread the  word about your home. Local buyers can be  reached through the newspaper, but this is  only a small part of the market you are after.  Be sure you include the many buyers who  could already be working with a Realtor®To  locate them, target as many top agents as possible  in your market to see if the criteria of  their buyers matches that of your home's.  Because out-of town buyers are also an important  target, you should create a strategy to  reach these people as well. Above all, you  should be very service minded and make it  easy for pre-qualified buyers to view your  home. Ensure there is always someone available  to answer the phone, pick up messages  promptly, and be ready to give qualified  prospects a tour of your home as soon as possible.   

Remain Objective During a  Showing of Your Home...
Keep emotion out  of the sale of your home, and the best way to  do this during a showing is to remain physically  in the background. If a 
prospective  buyer says something negative about your  home, it is better to counter-balance this point  of view by illustrating the positives rather than  becoming defensive.  

Thanks for Watching. If you enjoyed this video and you feel like it was valuable in educating you on things you can do to help with the home selling process, subscribe to our channel, like this video and share this video with your friends.

Check out Next 
Weeks Video for part 2 of this series. Thanks again for watching.   


  home seller tips