Realtors now take as much as a 6% commission for selling your home. This is why it’s so tempting to post your real estate for sale by owner. Doing so could net you as much as $16,800 for a $280,000 home. However, before you take this step you should know that there’s a lot of hard work involved.
Make Sure You’re Up to the Job
You’ll need to have lots of spare time available to show your own home. You’ll also need good negotiating skills and a passion for marketing. In other words, there’s a lot more work involved with selling your home than simply hanging a “for sale” sign.
Price Your Home Correctly
When you don’t know how to price your home you should check in with an online appraisal service. They’ll help you determine the price range for your home based upon information that’s found within public records. You should also take some time to see what homes located near yours are selling for.
Clean up Your Home
It’s important for you to take steps to present your home in its best light. You may even want to go so far as to talk to a professional stager. They can show you what needs to be cleaned up, put away, and painted.
Use Online Tools to Advertise Your Home
There are lots of places where you’ll want to advertise. For instance, you’ll want to create professional-looking brochures to pass out to people when they come to your open house so they’ll remember what your home looked like after they’ve left. You’ll also want to list your home on as many real estate sales websites as possible. While there are lots of these websites you can use for free, others are worth paying for.
When it comes to real estate for sale by owner websites make sure you include pictures and a video tour in your listing. You should also include information about heating and cooling sources, your area’s school district, and driving directions.
Hang a “For Sale” Sign
Taking the time to do all these things doesn’t mean your work is done. You don’t want to overlook how effective your “for sale” sign is.
Unfortunately, once people realize how much hard work is associated with selling their own home people are more ready to hire a real estate agent. In fact, only 9% of people sell their own homes today. Hopefully, these tips will prove beneficial to you if you decide to join this minority.
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