| | Sell Your Own Home | |
You might
sell your own home, but it might
be a time-consuming and frustrating process. Usually I would recommend listing with an agent, but in the right advertise, it can contruct
sense to save the commission and do it yourself. If you try, make use of
the tips here to do it right, and to avoid common mistakes.
1. Understand house values. Its not what you think your house is assessment of value, and it doesnt matter how much you put into it. The assessment of value is only what its value to potential buyers. See what theyve paid for similar homes before you decide on a price.
2. Try to be objective. Get your most honest and open friend to walk through the house with you. He or she will see problems you didnt even understand
we are
problems.
3. Make a plan. What will your kids say to those who call? Where will you close? Will your documents be prepared by an attorney? Plan well, and it will all go smoother.
4. Start a list. What needs to be repaired, cleaned, changed, or removed? Always do the most obvious things first.
5. Prepare to sell. List questions a buyer might have, and be ready with answers. Prepare comparison sheets showing other home sales, so buyers might
see the worth. Make a map showing nearby stores and libraries, etc.
6. Sell the benefits, not the features. Never say "near stores." Instead, say "You might
walk to the store in five minutes." Do not
just say "garage." Try "No chipping ice off the windshield in the morning."
7. Put all important experience in ads. Include the square feet, number of bedrooms and bathrooms, address, telephone number, and price. Leave out the price and some buyers just will not
call, plus you will
waste measure
with others who shouldnt be calling.
8. Listen to buyers. One bad choice
sellers build talking to buyers is to get defensive about their home. Listen to the criticisms, and resolve them or ask how important the issue is to the buyer. In other words, try to learn a little about selling.
9. Have a clear sales agreement. Be sure its understood by both sides. What happens, and when? What if the buyer doesnt get financing? Whats included with the sale? When will the buyer take possesion? Who pays the closing fee and the transfer taxation
?
10. Make closing effortless
. Have documents ready to sign. Prepare answers to likely questions. This could be
the largest financial transaction in your buyers life, so make him relaxed
.
Theres more than could be
covered in ten tips, of course. Use these however, and youll be doing better than the average seller when you sell your own home.
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