How To Sell Your Home On Your Own?
days of booming real estate, you would think that selling a home
shouldn’t be too much of a task. And if it’s going to
be that easy then why not do it on your own and save yourself on
thousands of dollars in commissions. Well, you would be right in
thinking so! Selling a home on your own has become much easier these
days compared to earlier and it's something that has been done successfully
in the recent past by many homeowners. Nevertheless, you cannot
totally eliminate the ‘option’ of considering the services
of a real estate agent. It’s worth a try selling your home
on your own but if things don’t seem to work out then it’s
best to go back and rely on the services of a trusted agent you
By Sameer S Panjwani
So how should
you go about selling your home on your own? Outlined below is
a useful checklist of how you can go about selling your home on
your own and points you'll need to keep in mind while you go about
the home selling process.
First things first. Before putting your home on the market,
make sure your home is ready to sell. You don’t want buyers
coming to your home and walking back without a trace of interest
for reasons you could very well avoid. Spruce up your interiors,
have your entry way done up, improve the curb appeal of your
home, … Basically, do everything that you think would
impress you if you were a buyer for your home. Refer to “Prepare
Your House For A Successful Sale” for some ideas.
If you choose to make improvements to your home, do consider
whether the cost of such improvements can be justified by a
hike in the price of your home or in selling your home faster.
Next, you’ll need to set an asking price for your home.
You may ask an agent to give you a comparative market analysis
of homes in your area, you may look up data on how much homes
in your neighbourhood have sold for in recent times or look
around your neighbourhood for homes on sale and compare their
prices. Make sure you don’t over-price your home. (You
may get a free
home appraisal done here.)
Importantly, put a ‘For Sale’ sign outside your
home. The implications of this are quite obvious - it would
tell your neighbours and passers-by that your house is for sale
and the word will spread.
Compose a flyer for your home with picture and details of your
home. You could put these flyers in a transparent folder on
your ‘For Sale’ sign for interested buyers to take
home with them to look through. Distributing these flyers in
supermarkets and other stores will also help in increasing the
chances of a quick sale.
Get a set of real estate contracts and disclosure forms. You
may find these in some stores or you may also get them from
the Internet (click
here for access to these forms online).
Plan your advertising budget and the mediums you choose to adopt
for advertising your home. You may choose from TV advertising,
Newspaper Classifieds, Real Estate Magazines and Internet Ads.
With a number of people using the Internet these days to begin
their search for a home, advertising on the Internet proves
to be a cost-effective medium. Some popular websites on this
front are ChoiceOfHomes.com
Plan and execute an ‘Open House’ for buyers to come
and inspect your home. Effectively, Saturday and Sundays would
be ideal for such purpose.
you’ll need to rope in a real estate attorney to handle
the closing, when you’ve got a buyer who’s presented
you with a signed offer that’s perfectly acceptable to
home on your own will require some patience and perseverance on
your part. It’s not something you can do if you’re
too busy to be able to show your home to buyers or to be able
to effectively market your home. Selling your home on your own
though will save you a lot of money in real estate commissions
and is something definitely worth the effort and time you put
in. So, following the outlined points above should get you through
most of the home selling process. And once your home’s sold,
Real Estate Listings Homes for Sale Homes for Rent
©Copyrights ChoiceOfHomes.com 2004-2006