Thursday 24 March 2011

For Sale By Owner - The Tips PART 1

It was a great news to FSBO (For Sale By Owner). NOT to 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 suggested.
To get you started, here’s a list of the top 10 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. 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.


4. 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.

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, let’s face 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.

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