You’ve made the decision to place your home on the market.
Hiring a realtor means shelling out a portion of your profits. Holding on to your money is important especially if you need to sell for financial reasons.
Choosing to do-it-yourself may seem like a huge undertaking for someone who does not know how to do For Sale By Owner. It will take some time and commitment but it isn’t as hard as you think.
The reason people hire any professional is because of their expertise. They also have the time required to get the job done. But hiring a real estate agent doesn’t mean the homeowner isn’t involved.
You will have to respond to questions from potential buyers. Open houses will impact your schedule, and there will be times when people just show up.
Are you weighing the pros and cons of how to FSBO? Keep reading for tips on getting your home sold.
Is FSBO Right For You?
Selling your own home will require a level of commitment. Before you get started you’ll want to learn the laws associated with selling real estate. Most of the information you need is accessible online or in a book.
If you do not feel confident in your research, it’s recommended that you consult with a real estate lawyer.
Get Rid of Items You No Longer Want
The For Sale By Owner process works the same as hiring a realtor. There are things you need to do to prepare your home. Start by decluttering.
Since the goal is to sell your home, you might as well get rid of things you no longer use or need. Host a yard sale or donate to a local charity. Once you’re done, place non-essential items in storage.
The cleaner and streamlined your home the more welcoming it will be for potential buyers.
Give the Home a Thorough Cleaning
When you’re finished decluttering it’s time for deep cleaning. Get cobwebs out of corners, dust off ceiling fans, and clean your carpeting. Depending on how long you’ve been in your home hiring a professional cleaning company could be in order.
In cases where walls are dingy or painted in dark colors, you may want to apply fresh paint. You rarely go wrong by having walls in neutral tones. It makes a room appear larger and cleaner.
While cleaning the home make note of missing fixtures, broken tiles, and other damages. Decide if it’s worth the investment to repair or replace these items.
Spruce Up Your Home’s Curb Appeal
Once you’re done with the interior, it’s time to move on to the exterior of the home. You want your home to have good curb appeal to catch the attention of potential buyers. Don’t spend a fortune but do what you can to improve the appearance.
Start by pressure washing the home and cleaning the windows. Apply touch-up paint where needed.
Next, move on to your lawn. Trim the shrubbery and keep the lawn mowed. Plant some inexpensive seasonal flowers to add a pop of color.
Make sure the For Sale By Owner signs are prominently displayed on your lawn. If you live on a corner lot, place signs where they can be seen by all traffic.
The responsibility of getting the word out about your home is solely your responsibility. Selling your home by yourself allows you to be more creative in your marketing.
Get a good camera to capture the home in the best light. You will also want to get video footage of the home once it’s ready to go on the market. Create a listing on home seller sites like Zillow and Trulia.
Social media is another good way to sell a house. Let followers know your home is for sale. Utilize the Live feature on Facebook and Instagram to give a virtual tour of the house.
Host an Open House
Now that your home is ready and you’ve studied up on how to FSBO, it’s time to host an open house. These events are done to showcase your home to potential buyers in one setting. They typically take place for a few hours on a weekend day.
Advertise your open house by placing signs out on roads leading into your neighborhood. Also, place a sign in your yard. It’s also common to have balloons or some other markers to let people know they have reached their destination.
You will also want to share on social media and ask your followers to let others know.
For the open house, you’ll want to have some light appetizers and bottled water to serve your guests. Placed next to the food have information flyers or brochures about the home.
Welcome visitors with a smile and a positive attitude. Answer any questions they have and do your best to close the deal.
Be Prepared to Schedule Showings
Not everyone will be able to make it your open house events. You will get calls from potential buyers wanting to do a private showing. The For Sale By Owner process requires you to make accommodations for these individuals.
When doing a private showing, keep your safety in mind. Try not to show the home alone. Get as much information as you can from the buyer ahead of time.
Last, be ready to accept an offer and close the deal.
How to Do For Sale By Owner: The Takeaway
Now that you know how to do For Sale By Owner you can hit the ground running!
A DIY home sale certainly has its benefits. You can cut out the middleman and keep all the profits for yourself. However, it will take some time to do all these things in between work and caring for your family.
Need to sell your house faster than that, but don’t want to hire a realtor? Luckily, you have options. Click here to contact us today for more information.