In the world of FSBO home sales there are some distinct things that you should keep in mind. This is a time consuming and complicated process, so planning is of utmost importance. Here are some tips for keeping your wits about you and on track throughout the whole process.
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- Don’t do it alone – There are some people that you are going to need on your side during the sale of a home. Perhaps the most important one is a title/escrow company or a real estate attorney. Which you need will depend on which state you are in. You may also want to consider forming a relationship with a mortgage broker or lender. This will help in narrowing down the interested viewers to those who can actually afford to purchase your home. Have them get pre-approved by the lender before you show the home.
- Know what your home is worth – Some people when selling their own home will simply “shoot from the hip” on deciding a price for their home. Typically this never works out well. It is quite easy to get a CMA from any number of realtors in your area. They can provide these quickly and easily over the phone or via the internet, no meeting is necessary. The best way to find out the value of the home is to have it appraised by a professional appraiser.
- Get your home noticed – There are several ways of doing this. You will of course, have a front yard sign, also advertising in the classifieds is a good method. One great way to get coverage is the internet. Even though you are not using a realtor, you can still list your home on the MLS. This will give your home a huge amount of coverage.
- Get ready – Staging your home will ensure that when people see it, they love it. Take some time and peruse the staging articles are resources online for some great ideas on improving the show quality of your home. Most of the staging steps are simple things that you can easily do yourself with little time and money.
Ken Hamric
http://www.articlesbase.com/real-estate-articles/for-sale-by-owner-pointers-138229.html
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2 Responses to “For Sale by Owner Pointers”
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February 8th, 2010 at 10:42 am
How long does it take to sell a business?
Hi there,
How long do you think it would take to sell a deli (annual sales $260,000). We’ve been trying to sell it by owner, online, but no luck. Is it better to sign with a business broker or commercial business realtor? Any advice or pointers would be much appreciated. Thank you for your time.
February 8th, 2010 at 3:44 pm
selling your business on line is probably not the best way to do it. you really would be better to list it with a Realtor, they have the clients that are looking for a business. also they can do all the advertising for you and they can reach more people than you. You need to make sure your books are in order and all things are working right and in good condition at your business. applying a fresh coat of paint makes a big difference. The trouble with on line is that it is world wide and there are 1000′s, upon 1000′s of businesses for sale. You need to focus on your area (city) for a buyer.
as for how long it takes to sell that would depend on many things, such as is the business popular, how much you are asking for it, whether you own or rent the building etc.
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Real Estate agent retired