10 Things Every For Sale By Owner Should Know

1) Get Professional Advice. Use local Real Estate Agents for a free Home Valuation to find out your properties worth. This is a no-obligation free service; You do not have to agree to your home or use their services.

2) Invest in your Home. You should receive some pretty good feedback from Real Estate Agents and their valuations. Ask them what you can do to increase your home value?

3) Do Market Research. Read the paper, pick up Real Estate Magazines for your local area, and go to open houses with in a 5-7 block radius. Talk with others sellers in your area. Compare and contrast your House and Pricing based on your findings. There are many free internet resources available where you can dig up some great facts about homes sold in your neighborhood recently.

4) Price to Sell. Pricing your Home based on facts and not your emotional value of it, is essential in successfully getting your home sold.

5) Set a Realistic Time Frame. Manage your expectations. Look at the various factors of how the market can affect the time your home sits on the market. Factors that can affect this vary from Supply of similar Homes for sale in your neighborhood or how long it takes the average home to sell.

6) Stage Your Home. De-clutter, work on curb appeal, clean up trash, paint outside if needed, replace worn carpet, and repair broken fixtures. Stage your furniture like a Model Home or a Furniture store. Make it cozy yet inviting and clean. Allowing potential buyers to see how the space will work for them.

7) Marketing is Key. Every previous step is only activated if people know your home is for sale! Attract potential buyers. There are so many different types of Advertising. One that is really effective is listing your property on your local Multiple Listing Service which allows your home to be listed in the database of Homes for sale that Real Estate Agents use when their looking for properties for their buyers. You need to be here. There are many internet Listing services that offer packages which include this service. Only a licensed Real Estate Agent can list properties for sale here, but you can a Flat MLS fee service or another Internet listing site. I will visit this further as this step is very important.

8 ) Have Open Houses. Have cookies baking..clich̩..yes! But it works, people relate to smells, have an inviting smells. This goes without saying but Рclean up and make sure your home is staged. Everything mentioned in Step 6!

9) Have Forms Available. You should always have forms for potential buyers contact information for easy follow-up and advertising trackibility. Have easy to take flyers of your Home with your contact information and Property Details. Have resources available to qualify a buyer. You will need contracts. When “closing the deal” you want to look into getting professional help here.

10) Don’t Forget. A typical Sale involves:

• a home inspection,

• an appraisal,

• a survey,

• a title search,

• a termite examination,

• loan underwriting and approval,

• date of closing,

• Show me the money!

The FSBO Seller’s Top Ten Tips For Selling Their Home For Sale By Owner

If you’re considering selling your home by owner, congratulations! You’re part of a growing trend toward FSBO property sales. If you’re worried that going the FSBO seller route means that you’ll miss out on all of those great agency sales tactics, you’re wrong. You can do the same things that any real estate agent would suggest. To get you started, here’s a list of the top ten things you can do for your home when you’re trying to sell your home by owner.

1. Create multiple means of exposure. Houses sell when they’re exposed to potential buyers. The more exposure you create, the more likely you are to sell. “Multiple means of exposure” means listing it on a FSBO site, providing pictures, tours, and information buyers want to know. Advertise your home in the newspaper. Print flyers that list the details of your home and be available to show home. Some buyers have turned to television ads for sale on real estate channels to attract buyers. The more exposure you provide, the easier it is for potential buyers to find.

2. De-clutter rooms and closets. A home looks nicer and shows better when it isn’t cluttered. Remove magazines, books, furniture, stored items and things you no longer want. You’ll have to pack all of this stuff before you move, so why not get an early start?

3. Fix peeling paint and other minor imperfections. Peeling paint can be a sign of deferred maintenance, bad painting or water damage. All of these things will turn off a buyer. Putting a fresh coat of paint on your walls and ceilings is easy and inexpensive.

4. Consider staging and research some ideas on the internet. Staging involves making your home visually attractive to potential buyers. It may involve re-arranging the furniture, renting new furniture, repainting, re-carpeting or minor redecoration to show off your home’s best qualities. Staging doesn’t have to break the bank, but a home that shows well sells. Whatever you can do to improve the look of your home will help your buyer see its potential.

5. Price the home right. Check recent sales in your neighborhood for an idea of what your home is worth. Do not overprice your home because if your price is substantially higher than other homes in your neighborhood. You will not be able to sell because overpriced homes whether Fsbo or MLS do not sell. Buyers want to feel as though they’re getting value for their money. If your home is the most expensive one in the area, buyers will focus on finding a comparable home that’s priced lower than yours.

6. Always have a yard sign and flyers. When potential buyers visit your neighborhood to see a particular home, they’ll look for other homes that are for sale. If visitors don’t know your home is for sale, you may miss potential sale opportunities.

7. Fsbo sellers need to create an online listing for their home on the internet and may consider using the FSBO marketing services that are available on the web. The key to selling your home is proper exposure and your chances of finding a buyer are greater when you make it highly visible to potential buyers.

8. Answering your phone is paramount as a Fsbo seller. It sounds simple, but many people who are selling their homes Fsbo miss potential buyers who are calling to inquire. Make absolutely certain you or someone else is available to take calls. Don’t assume that an answering machine or voice mail service is sufficient because many potential buyers won’t leave a message when they call.

9. Spend some time on landscaping. Making the outside of a home look appealing and fresh is just as important as making the inside look nice. Remove or trim bushes. In the summer, plant attractive flowers, cover beds with wood chips or mulch and keep things weed free. Mow the lawn frequently. If you don’t know anything about landscaping, check with a local nursery, gardening club or even a nearby university with a botanical program. Students are often willing to take on landscaping projects.

10. Partner with a bank or lender to offer potential financing sources for prospective buyers. Local banks, credit unions and mortgage brokers may be able to offer financing deals that can help a buyer get into your home. Offer all visitors financing information from your local bank or lender when they tour your home. You want to make sure any potential buyer is qualified to buy the home.

These are just a few of the things you can do to help your home stand out. In current market conditions, selling a home is about pricing, location and exposure. If you have all three of these elements in place, there is no reason to think you won’t sell your home as effectively as any real estate agent.

House For Sale by Owner – Free Advertising Tips

Whether you’re just starting or have been in the seller’s market, this information will be very helpful in locating buyers. Unquestionably the internet is your most effective means of attracting buyers because 75% of all home buyers will shop online BEFORE they ever speak to a Real Estate Agent or Broker.

Bird’s Eye View: Online Real Estate Advertising!

You can advertise for FREE and for a FEE. There are a number of small and medium sized “engines/classifieds” that offer free ads. Most offer “Premium” upgrades, for wider exposure and better presentation. If you want to move you campaign in Hi-Gear, then MLS Flat-Fee is a must. If you’re not in a rush, then use the no cost advertising resources provided here.

Your AD Needs The Right Stuff!

Almost all sellers want the same things… a great price for their home and a quick sale. The online Ads that you will place need the right stuff to attract the buyers you want.

  1. HEADLINE: Browse listings and see the headlines that grab your attention. Use them to write your own headline. PLEASE use catch words like spacious, pool, water-view etc. to set you home apart from others. DON’T use subjective words like great, beautiful, fantastic- they won’t work.
  2. PHOTOS: Normally your ad listing will have a small thumbnail of your home front. I recommend taking the shot on a cloudy day, to avoid sun/shade lighting problems. If you are un or semi-detached, take photo on an angle to show the depth of your land.
  3. PRICE: Agents, brokers and many of these online services will help you price your home. Ask a fair price, and expect people will negotiate about 5%-15% off the price.

The Biggie – http://CRAIGSLIST.ORG

Hopefully they service your area! Craigslist offers free postings of your home, condo, rentals… almost anything. And they get millions of visitors every day. That’s exposure you want.

First setup an account with Craigslist, it makes the posting and re-posting process easier.

After three days, exactly, you can access your ad and delete it. Then you can repost, so it gets a position close to the top and will be seen more. That’s the requirement of Free Advertising on Craigslist; you have to keep reposting to get noticed.

Additional Sites That Offer FREE Real Estate Advertising

Choiceofhome.com, Trulia, Oodle, Google Base, Vast, Yahoo Real Estate, Zillow, Geebo, OLX, Hotpads, DotHomes, Lycos, Cyberhomes/AOL, FrontDoor, owners.com, homesbyowner.com, virtualfsbo.com, flatfeelisting.com, househitz.com, Kijiji.com, Backpage.com

Some of these sites offer paid Upgrade advertising. I suggest you use all the Free site ads first, before investing in paid ads. To find some super Local Classified AD sites, simply Google: Free classified sites for Real Estate, Your-State (or city)

Remember, preparing quality materials like headlines, ad copy and photos are vitally important. Study what is online now and use what you find effective. When home buyers open your ad it must make a good impression, or they will simply click to the next ad.