Three Points That Will Help a "For Sale by Owner" (FSBO) Sell Their Home in Half the Time

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In today's economy, many homeowners try to enter the real estate market without the help of a broker. As an agent, I have noticed that the homeowners pay for their homes or simply have bad experiences with realtors. Many brokerage firms charge a standard 6% commission, which can turn out to be a lump sum to some homeowners. However, it is important to remember the time and money that homeowners have to invest.

1. Price your home right

This is the most important part of the process. Be very careful not to overprice your home; overpricing wants to reduce the buyers' interest in the property. Overpricing when selling a home is the single biggest reason why many "for sale by owner" (FSBO) home sellers do not sell their homes successfully.

The best way to price your home has been to sell your home. Your home is to contact your local home appraiser. This will prevent any mortgage rejections from happening in the future.

Finally, set your price under a whole number, such as $ 349,000 rather than $ 350,000

2. Market your home correctly

Welcome to the Era of the Internet: EXPOSURE, EXPOSURE, EXPOSURE. In today's market, 92% of buyers search online for their next home. That's 28% looking at print advertisement. We specialize in internet strategies to promote the sale of your home. A couple of places where you could go out to potential buyers are on Zillow.com, ForSaleByOwner.com, FSBO.com, and through social media.

It is very important to write a detailed description of your house, but remember it is simple and the point is everything. Details like beds / baths, square footage, nearby schools, supermarkets, and your home's best features are all critical.

Last but not least, get a yard sign. It is proven that about the time it takes to buy your home a friend or friend who lives in the area.

3. Photography and staging

First impression is key. Photography and staging go hand in hand. Make sure the home's yard / driveway is uncluttered. Remove parked cars, garbage cans, and bikes. The same thing applies to interior shots. Remember to think of furniture as props and the room as a stage. Take a lot of photos as the more you shoot, the better the odds are.

You are selling your home. Usually, this is one of your most valuable possessions. It deserves quality. Put some effort into it. It wants to pay off.

Conclusion

Most "for sale by owners" (FSBO) are willing to cooperate with brokers, usually offering a 3% commission and saving the remaining 3%. The main concern is the time and money a "for sale by owner" (FSBO) has to invest. After paying for advertisement, disrupts family time for showing, keeps the house clean at all hours, hosts open houses every weekend, negotiates with unqualified or bargain-hunting buyers, and finally covers lawyer fees, are "for sale by owners" really saving much ? For some homeowners, it is not really worthwhile and has 95% of properties with an agent, and 95% of buyers buy something that is listed with a 5% reach. If you played that in Vegas, it would not be very good odds in today's market. Happy selling!

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Source by Daniel L Simon

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