Three points that will help a "For sale by owner" (FSBO) Sell your house in half the time

In today’s economy, many homeowners are trying to enter the real estate market without the help of a broker. As an agent, I’ve found that the main reasons for this may be the price homeowners pay to sell their homes, or simply bad experiences with real estate agents. Many brokerage firms charge a standard 6% commission, which can become a lump sum for some owners. However, it is important to remember the time and money that homeowners must invest if they want to sell through selling 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 house; the price premium will reduce buyer interest in the property and make competing homes appear to be a better value. Price gouging when selling a home is the number one 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 asking 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 mortgages from being turned down 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 search 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 you can start connecting with 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 your home’s best features are critical when a buyer is trying to find the perfect fit.

Last but not least, get a yard sign. It’s proven that about half the time your home buyer 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 yard/driveway 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, because the more you take, the better the chances of getting great shots.

You are selling your house. Usually this is one of his most valuable possessions. It deserves 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 family showing 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 from lawyers, they are “for sale by owners” and really save big. ? For some owners it really isn’t worth their time and since 95% of properties are listed with an agent, and 95% of buyers buy something that is listed, it just leaves an “owner for sale” with a scope of 5%. If you played that in Las Vegas, that wouldn’t be a very good odds in today’s market. Happy selling!