Next, clean your place up. New paint, fix up any damaged areas, etc. No one wants to buy a problem.
Also, check for something called FSBO in your area (http://fsbo.com/).What is the best way to market a house for sale by owner?
Hire an agent. In the long run they get you more money for your home, and you do not have all the stress.
i know everyone thinks its a great idea to save the money, but that law suit will cost you more than 6% of the sale price.
Good Luck, and hire an agent
RE Agent,
remaxWhat is the best way to market a house for sale by owner?
If you don't want an real estate agent involved then you will have to ADVERTISE, ADVERTISE, ADVERTISE. Take advantage of as much of your local advertisement as possible . Most cities have a local broadcasting channel (channel 17) their rates are usually very reasonable and they charge depending on the size of the ad,use the classified section of your local newspaper, your local houses for sale book you can find these in your local grocery store, and don't forget your front yard sign. Good Luck to You !!
If you are willing to pay for one agent 2-3% be sure to put Agents welcome. They will sell it for you.
If you are not willing then be sure to put Agents not welcome.
Best of luck,
There are several For Sale By Owner (FSBO) web sites that you can look up in selling your home yourself.
The main thing about selling your home is the maximum exposure through advertisement. This can be done several ways
#1 Advertise in your local newspaper (to include any open houses you schedule)
#2 Flyers on some part of the property or house that is easily accessible to the public and that they can see from the curb
This flyer should give the sale price, have a picture of the property # of bed and bathrooms, perhaps a few inside shots of the house and it should be in color.
Even though you plan to sell the property yourself you might consider interviewing three real estate agents, tell them the truth you are considering selling the home yourself but you wanted to interview a couple of agents to get their ideas. During the interview they should give you some idea as to the sale price of like properties in your neighborhood.
Clean up the property so it will have good curb appeal. When you drive up to the house ask yourself ';Would I purchase this house?'; Take care of any possible problems that you know are there but you simply over looked them. Paint inside and outside, cost about $3K increase value about 10K. New carpet might also be in order if it is more than 5 years old.
Take away any clutter that might also be there, that lived in look you have might turn some buyers off. So clean up
Now you should also call a mortgage broker to see if he would be interested in assisting you with open houses. Tell him for his expertise you are willing to give him a list of those individuals that looked at your home, but were not pre-approved. You would also want this individual to be there for your open houses so set up a schedule that he is able to attend.
This individual should also assist you in finding an escrow closing agent, an appraiser as well as a title company to assist you in your sale.
Now once you have found a person to purchase your property, draw up a sales contract with the assistance of the mortgage broker. He will get an appraiser to verify the value. He should assist you in opening an escrow closing agent.
If the buyer is not pre-approved your mortgage broker will get the buyer approved and handle the paper work. If he is pre-approved his mortgage person will take care of the rest of the paper work.
Either way the mortgage broker whom ever he might be will take care of the majority of the rest of the transaction.
Don't fall for the real estate agents that will come by and ask if they find a buyer would you give them a commission. Tell them if they find someone their buyer should pay them. The reason for this exercise is for you to put the maximum amount of your equity in your pocket as you possible can and not into a real estate agent's pocket. Keep your eye on the mission.
Now about paying off your mortgage, the escrow closing agent will send a letter to your present mortgage company and request a demand of payment indicating how much you currently owe on your mortgage. Your mortgage company will send them a reply with the amount you owe. This will be done on any mortgage you owe if you owe more than one.
The escrow closing agent will pay off any demands they receive. Anything left after all payoffs a check will be written to you the seller.
I hope this has been of some use to you, good luck.
';FIGHT ON';
Get an agent
I will not look at a fisbo at all go right by
Advertise wherever possible. Information channels on the cable TV, newspapers local and city. Fix any problems that might need to be done. Landscape around the house and yard. Plant flowers, shrubs. Paint anything that need painted. Inside the house have as little cluster as possible. When someone comes to see the house make sure everything is in its place, and that there is a place for everything. The more appealing you make the house look the more people that will be interested. Also make a list of all of the good points about your neighborhood. Like where the nearest store is, where the schools are located, how the neighbors are. Anything that you would be interested if you were looking at the house for the first time. Good Luck
Price it right. Figure out what the comparables are selling for ($$ per square foot is the best way). Then take at least 6% off that number. I have sold many FSBOs this way. The reason people cannot sell FSBOs is because they price the house too high. They look at the market and then they say to themselves ';My house is better than that one';-not true-its really about square footage. Also FSBOers do not take the 6% off the price. Why would someone deal with a FSBO for the same price they would pay to deal with an agent? They won't. It is much more convenient to use an agent. So slash the price and you will sell the house. Get hooked up with a local escrow/title company and they will do the paperwork for you.
Advertise on several websites. Many of them are free. Local papers are good too. It's a MUST to offer a commission to agents, so that they will bring round buyers whom they're working for. Also, visit the library and get a couple of books on the subject. They are usually a lot more thorough than websites.
advertise on the internet and in local newspapers
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