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 main reasons for this may be the price that homeowners pay to sell their homes or simply bad experiences with real estate agents. Many brokerage firms charge a standard 6% commission, which can be a lump sum for some owners. However, it is important to remember the time and money that owners have to invest if they want to sell through the owner.

1. Put a fair price on your house

This is the most important part of the process. Be very careful not to overvalue your home; Overpricing will reduce buyers’ interest in the property and make competing homes appear better value. Overpricing when selling a home is the single most important reason many “for sale by owner” (FSBO) sellers fail to sell their homes successfully.

The best way to price your home is to research the selling price of similar homes that have recently sold in your neighborhood. The easiest way to price your home accurately is to contact your local home appraiser. This will prevent mortgage rejections from happening in the future if you find a potential buyer.

Finally, set your price just below a whole number, like $ 349,000 instead of $ 350,000

2. Market Your Home Right

Welcome to the Internet age: EXHIBITION, EXHIBITION, EXHIBITION. In today’s market, 92% of buyers search online for their next home. That’s compared to just 28% who look at print advertising. We specialize in internet strategies to promote the sale of your home. A couple of places you could start reaching potential buyers are Zillow.com, ForSaleByOwner.com, FSBO.com, and social media.

It is very important to write a detailed description of your home, but remember that being simple and to the point is everything. Details like beds / baths, square footage, nearby schools, grocery stores, and your home’s best features are critical when a buyer is trying to find the perfect option.

Last but not least, get a sign in the yard. It’s proven that about half of the time the person who buys your home is referred by a neighbor or friend who lives in the area, so make sure everyone in your neighborhood knows you are selling!

3. Photography and staging

The first impression is key. Photography and staging go hand in hand. Make sure the patio / driveway of the house is clear. Remove parked cars, trash cans, and bicycles. The same applies to indoor shots. Remember to think of the furniture as accessories and the room as a stage. Take lots of photos, because the more you shoot, the more likely you are to get great shots.

You are selling your house. This is usually one of your most valuable possessions. You deserve quality. Push yourself a little. Will be worth.

Conclution

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 the advertising, he interrupts family time to show, keeps the house clean at all hours, organizes open houses every weekend, negotiates with unskilled or bargain-hunting buyers, and finally covers the fees of lawyers, are they “for sale by owners” really saving a lot? For some owners, it’s not really worth their time and since 95% of properties are listed with an agent and 95% of buyers buy something that is listed, it only leaves a “for sale by owner” with a reach of 5%. If you were to play that in Las Vegas, the odds wouldn’t be very good in today’s market. Happy sale!