Sos Roofline Systems

You’re looking into selling your own home. Most people do this to save on the real estate fees and commissions, and the process of FSBO has certainly taken off in the last few years. You want to arm yourself with some good knowledge and have some of the best tips to sell your own home under your belt.

The for sale by owner process doesn’t have to be as complicated as some people make it out to be. The good news is that the owners of a home know it better than anyone else – including a real estate agent. If you due proper due diligence and understand the market in your area you’ll have an advantage over other people who are simple plucking a number from the sky and praying that their house sells quickly!

Here are 5 tips to sell your own home:

1. Clean, clean, clean. A nice and clean home shows better than the average “somewhat of a mess” house. Buyers that come through will know that you’ve taken care of the home if it is tidy. Worst-case scenario, if you absolutely hate to clean like some people do, hire a cheap cleaning service to do a once-over for you.

2. Staging is also very important. No need to rent furniture as you should leverage what you already have in the home. Pay special attention to kitchen and bathrooms as these areas actually sell the entire home – they are the most important aspects of any home and buyers will note this.

3. Market your property realistically. Many people ask way too much for their homes and thus never sell! Even if they do receive an offer chances are if it is priced too high in this market the borrower’s bank will shut it down in the 11th hour – this is the last thing you want. Be sure to do your research and you can even hire a Realtor to do a CMA (competitive market analysis) for you. Otherwise you can always have it officially appraised – however, this might cost a few hundred dollars out-of-pocket.

4. Use a good FSBO service. These services are available online and will promote your property on the Multiple Listing Service, or MLS. It’s important to get in front of the realtors that are representing the buyers for your home. If you aren’t listed, chances are you’ll get fewer showings and absolutely no traffic at your open houses.

5. If you receive a purchase agreement to buy your property, you might want to consider hiring an attorney to guide you through the contract. Local attorneys can facilitate the deal for you, usually for a small fee. A couple hundred dollars to know you’re in good hands is certainly better than paying a realtor a large fee for doing exactly what you can do by yourself!

Start with these 5 tips – research, do your due diligence, and gather the proper information needed to sell your own home. Saving tens of thousands of dollars by selling your property rather than hiring an agent is an exciting journey – but does require some homework. As mentioned before, the homeowner knows their home better than anyone else – and chances are they can sell it quicker if they simply have the right tools to ensure a good, quick sale!