| Save money selling you own home, the concept | | | | sale. Because your home is a FSBO you will not |
| sounds great and it is, but it does require a good | | | | be eligible to be listed on the MLS -Multiple Listing |
| amount of effort on your part. Selling your own | | | | Service- but that doesn't mean you should stop |
| home means that you can skip the commission | | | | with your local newspaper classifieds. There are |
| that you will have to pay a Realtor in order to sell | | | | many other avenues to take advantage of both |
| your home for you and if your home is worth big | | | | on and off-line. You can advertise in real estate |
| bucks then the saving can easily be in the | | | | trade magazines and even on many online sites |
| thousands to tens of thousands of dollars. | | | | such as Craigslist and the like. The more you get |
| Deciding to enter the realm of selling your own | | | | the word out about your home being for sale the |
| home means that you will be crossing over to a | | | | better. Be sure to list your asking price and |
| certain type of real estate selling that is known as | | | | location of the home in the first part of the |
| FSBO. FSBO is an acronym for the term 'For Sale | | | | advertisement as most people who scan |
| By Owner' and as the name implies it is you the | | | | advertisements for houses look at price and |
| owner selling the home and you will therefore be | | | | location before anything else. Also avoid saying |
| acting in the capacity of a Realtor. | | | | things such as 'close to schools' or 'close to |
| There are many considerations when selling your | | | | downtown.' These may be pluses in your eyes, |
| own home and to be successful you have to do | | | | but other people may view those points as a |
| more than simply put a sign in the front yard | | | | negative. Focus on describing the home and any |
| stating that the home is on the market. Here are | | | | improvements you have recently conducted and |
| some items that you should address in order to | | | | let the prospective buyers decide for themselves |
| sell your home for the most amount of money | | | | what they love about your home. |
| possible: | | | | Negotiate Emotion Free: When you do have |
| | | | an interested buyer and it is time to negotiate |
| Preparation of the House: Preparation of the | | | | you need to approach the situation with an |
| house covers a wide spectrum of activities that | | | | emotion free attitude. No matter what you are |
| you will need to conduct on both the inside and | | | | asking for your home a prospective buyer will |
| the outside of your home. On the outside you | | | | always shoot you a lower figure as an offer. |
| should be sure to clean the front yard and trim | | | | Whatever they offer you should not offend you |
| up any scraggly looking bushes or shrubs. Mow | | | | as they are not trying to say your home isn't |
| the lawn and pressure clean the driveway. This will | | | | worth what you are asking, they are simply |
| leave you with a tight and clean look and will gain | | | | trying to save themselves some money. Know |
| you valuable 'curb appeal.' On the inside of your | | | | what you will take as your rock bottom price and |
| home you will want to be sure that everything is | | | | if the perspective buyer's first offer is too low |
| clean and that there is no clutter lying about. If | | | | then you can counter offer. They may accept or |
| you do decide to paint, go with white. White | | | | counter, your counter. This is why it's called |
| allows a prospective buyer the opportunity to | | | | negotiating. |
| look at a 'blank canvas' and envision how they | | | | Legal Stuff: The amount of paperwork that |
| would like the walls in the various rooms to look. | | | | needs to be filled out in order to successfully and |
| If you use a color you like and they don't agree | | | | legally sell your home can be extremely |
| with your taste, you could lose the sale. | | | | overwhelming. From start to closing you will need |
| Preparation for the Sale: After you have | | | | to be sure that the correct documents get |
| finished all the prep work for the house and are | | | | signed, notarized, and so on and if you feel that |
| ready to list it on the open market you first need | | | | you will not be able to handle this then a wise |
| to figure out what your asking price will be. You | | | | move is to hire a real estate attorney. Real |
| can use a number of websites to give you a | | | | estate attorneys not only know what needs to |
| rough idea of your home's value, but keep in mind | | | | be filled out, signed, notarized, and so on as the |
| that a website can't see the new bathroom | | | | selling process moves forward, but they often will |
| fixtures you installed or the new roof you put on | | | | have the documentation prepared for you and |
| last year. The best way to gain an accurate | | | | ready to be signed. This will represent an added |
| asking price for your home is to hire an appraiser | | | | expense, but when it comes to selling a house, if |
| to come out and view your home and have them | | | | all the documentation is not in order then you can |
| give you the fair market value of your home. | | | | easily lose the sale. |
| This will cost you a little bit of money, but in | | | | Selling your own home in order to save money is |
| order to get an accurate asking price it is a step | | | | not for the faint of heart, but it can be done. The |
| you must take. You will likely gain back what you | | | | time and preparation that you put into selling your |
| spend in the end as an appraiser's price is often | | | | own home will be greatly rewarded by the |
| higher than the internet quotes. | | | | amount of money you will be able to put in your |
| Advertise: Once you know what to ask for a | | | | pocket when it is all said and done. |
| selling price you can then advertise your home for | | | | |