1. Pay attention to the market! You will have a better bechance of selling home sale by owner at the monetary value you want if the housing market is currently hot . Realize , when selling in a hot market, you will most likely be buying in the same market . Make sure you respond quick to offers and be prepared to be pushy in your search for your next property . Also be ready to accept calls from real estate investors looking to low ball you . Don’t be offended , thats just what they do.
2. In a weak market don’t overprice! Your selling price is determined by the current market not by an appraisal, nor by what youhave to get or want out of the sale . If your dwelling is not priced competitively for the current market purchasers will be searching for other properties not yours. The longer your home is on the market the bigger the danger of incurring additional fees like carrying costs and maintenance.
3. Do not become a stale listing! The longer yourhouse is on the market the less likely you are to get your full asking price. If houses in your area are selling (especially by home sale by owner) and you are not getting any serious offers, make changes! Re-think your request price, offer incentives or make some improvements or repairs. Then make sure your changes are mentioned in your advertising.
4. If something needs to be fixed, fix it! Make sure you make all the necessary repairs even the little ones. They are most likely the least expensive of the repairs to fix. Do not think potential buyers will not notice the little things, they do. Little repairs can add up to look like to many repairs and turn buyers off.
5. If large repairs are necessary do them before your house goes on the market! – if its not conceivable, counterbalance your original price accordingly. Be up front and honest with your potential buyers If you try to hide large repairs you are going to get caught and lose the buyer and your time. In this business, time can certainly costs you money.
You can read the next 7 tips at selling your home tips.
