Considering selling FSBO?
Website design By BotEap.comSelling your home privately is the way to go these days. With housing markets flooded and real estate commissions skyrocketing, taking matters into your own hands is becoming more common. However, there are a few things to consider when considering selling FSBO.
Setting your price. Website design By BotEap.comYou’ve probably already been doing your homework in this case. You need to know what the market will bear. Why comparable homes have been selling in your area (these are called “comps”). What improvements have you made in the house? Does your house have any characteristics that make it more attractive than others? bigger lot, better location, etc. You can also hire an independent home appraiser to provide you with a professional and unbiased quote price. The most important advice to have here is “don’t be greedy.” Do your homework and set a fair price that will allow you to sell your home easily. Homes that are priced too high tend to stay on the market longer and then look “outdated.” Website design By BotEap.comStaging. Website design By BotEap.comHave someone else tour your home as if they were the buyer. What are the things you’ve been living with that you no longer notice? Clutter is the biggest culprit and makes your home appear smaller and more unkempt than if you had a clean sweep of your home first. Also consider smells. A little cinnamon on a baking sheet in a hot oven creates a homey atmosphere. However, it will not mask a dirty house. Website design By BotEap.comYour signature Website design By BotEap.comGo big or go home. If you’re going to do it, do it right. Do it professionally. This will give buyers the confidence that you know what you are doing. First impressions are paramount, so do not put up the cardboard sign with the marketed phone number. A seller assistance company could be the way to go here as well. They can provide you with all of their signs PLUS tips, support, paperwork, advertising and more, often for less than you would pay to make the signs alone. Website design By BotEap.comAdvertising Website design By BotEap.comThis is often the biggest hurdle for private home sellers. You put your ad in a local newspaper and when nothing happens, what do you do? Do you keep advertising continuously with no end in sight? Look around: where would you start your search for a home? More than 76% of people start with the Internet. If that’s what they’re looking for, then that’s where you should advertise. Again, a seller assistance company might be the answer, as most will provide you with a flat fee, meaning you pay once and advertise until it is sold. That at least gives you a budget cost to sell. You know what you’re getting into before you start. Additionally, seller assistance companies can pool resources, create interest in multiple homes, and generate more eyes on your home than if you were individually displaying it to advertise it. Website design By BotEap.comStart. If you’re looking to sell with a seller assistance company, do your homework. There is a lot out there, but check their listings, see who sold with them previously, and look for testimonials. There will be some work involved, but the payoff from selling FSBO could easily run into the tens of thousands for you. It is worth a little effort.
Setting your price. Website design By BotEap.comYou’ve probably already been doing your homework in this case. You need to know what the market will bear. Why comparable homes have been selling in your area (these are called “comps”). What improvements have you made in the house? Does your house have any characteristics that make it more attractive than others? bigger lot, better location, etc. You can also hire an independent home appraiser to provide you with a professional and unbiased quote price. The most important advice to have here is “don’t be greedy.” Do your homework and set a fair price that will allow you to sell your home easily. Homes that are priced too high tend to stay on the market longer and then look “outdated.” Website design By BotEap.comStaging. Website design By BotEap.comHave someone else tour your home as if they were the buyer. What are the things you’ve been living with that you no longer notice? Clutter is the biggest culprit and makes your home appear smaller and more unkempt than if you had a clean sweep of your home first. Also consider smells. A little cinnamon on a baking sheet in a hot oven creates a homey atmosphere. However, it will not mask a dirty house. Website design By BotEap.comYour signature Website design By BotEap.comGo big or go home. If you’re going to do it, do it right. Do it professionally. This will give buyers the confidence that you know what you are doing. First impressions are paramount, so do not put up the cardboard sign with the marketed phone number. A seller assistance company could be the way to go here as well. They can provide you with all of their signs PLUS tips, support, paperwork, advertising and more, often for less than you would pay to make the signs alone. Website design By BotEap.comAdvertising Website design By BotEap.comThis is often the biggest hurdle for private home sellers. You put your ad in a local newspaper and when nothing happens, what do you do? Do you keep advertising continuously with no end in sight? Look around: where would you start your search for a home? More than 76% of people start with the Internet. If that’s what they’re looking for, then that’s where you should advertise. Again, a seller assistance company might be the answer, as most will provide you with a flat fee, meaning you pay once and advertise until it is sold. That at least gives you a budget cost to sell. You know what you’re getting into before you start. Additionally, seller assistance companies can pool resources, create interest in multiple homes, and generate more eyes on your home than if you were individually displaying it to advertise it. Website design By BotEap.comStart. If you’re looking to sell with a seller assistance company, do your homework. There is a lot out there, but check their listings, see who sold with them previously, and look for testimonials. There will be some work involved, but the payoff from selling FSBO could easily run into the tens of thousands for you. It is worth a little effort.