For Sale by Owner method of selling ones home is today gaining momentum thanks to its advantageous feature that will save you thousands, and probably tens of thousands of dollars that would have instead gone into the pockets of a real estate agent. Real estate is the ideal way to sell own home in these hard economic times. Here are useful tips that show the grave mistakes that you must not allow yourself to commit.
- Avoid over-pricing your home
Many people who have tried this sell own home method have experienced difficulties during the exercise. Many people mess up when fixing the prices that they feel their homes are worth. In most cases, people will quote higher prices than their homes are worth, a situation that will send buyers away. For you to quote the right price, you need to get a qualified residential appraiser to do the valuation for you. Residential appraisers actually go a step ahead to compare the prices that other similar homes went for in your neighborhood. An appraiser will even advise you on what you need to do so as to increase the value of your home.
- Avoid under-pricing your home
Just as there are cases of over-pricing a home, cases of under-pricing a home also exist. When you set a price for your home and you have sufficient proof that the price is ideal, you need to ensure the buyer you negotiate with meets the target. Many sellers lose during negotiations and end up selling their homes at a lower price than the market demands. In this case, if you feel that the buyer is pressing you to a corner, it is advisable to bring along a good negotiator to help you stand your grounds.
- Avoid marketing your home on only one media
You should avoid marketing your home on only one media since you never know the media through which you will get your buyer. It is thus advisable to put your ads on every available advertisement media.
You should start with a “For Sale by Owner” sign on your gate. This will do magic especially on a busy road as it will be exposed to many people.
Try putting your adverts on online advertisement media. Use websites that deal in business. These will expose you to many people countrywide. Try the local newspapers also as they have a wide following in your residential area. Use of social media to market products is also on the increase. Post your ad including photos and descriptions of the home on these social media. However, since social media involves updating statuses on daily basis, you will be required to update your ad several times, maybe daily. Also, you can use our real estate service through which we buy ugly houses kansas city.