This is how you can sell your home FSBO. While you may save money with traditional selling options, selling your home yourself is not the best option. Here are the basics of selling your house yourself.
Selling Your Home Steps: Attend Your Local FSBO seminar: There are FSBO businesses that manage the local FSBO advertising marketplace in every major city. Although these companies are helpful, I have found them to be vague and expensive. FSBO seminars may not be for everyone. They usually cost between $25 and $45 per person. A FSBO employee will give a presentation on how to sell your house in a 30–60 minute time frame. The presentation focuses on the services they offer and how they can help you. You can save time and money by doing your own research. Or, you can read this post to learn all about the steps involved in selling your house.
Determine market value: I believe that this step requires some time and money. It’s not as simple as looking at the homes of your neighbors. Market value is more complicated and should be determined carefully. The market value of your home must take into account all details such as square footage (above and below grade have different values), floor plans, upgrades, neighborhood schools, curb appeal, nearby amenities, age, etc. This is an important task, so I recommend that you explore all avenues to determine the market value for your home.
Hire a Realtor: If your decision is made that your home will be sold FSBO, I recommend that you not waste a realtor’s time and take advantage of their resources. It is hard work and you wouldn’t like to be asked to work for nothing. I recommend asking local realtors to present your property for listing. When determining the market value of a property, real estate agents have many advantages over us. Real estate agents work in the home-selling business. They don’t get paid unless their listings sell. They have access to the Multiple Listing Service. This database contains all homes on the market as well as all recently sold properties. Ask a realty agent to present you with a listing presentation if you are interested in the possibility of your home being listed. The presentation should include information about the market value of your property. They will also describe the services they provide. You may decide to hire them for your services if you are satisfied with their listing presentation. Let them handle the job. You can now find out the market value of the home if you decide to continue to list your home.
Get an Appraisal: I highly recommend that you hire a professional home appraisal company and have your home appraised. The cost of this appraisal depends on the location and size of your home. However, it is well worth it. You will also have to pay an appraisal if you receive an offer on your home. You can’t always use the initial appraisal to get an appraisal when you accept an offer. The buyers lender must order an appraisal to confirm that it is legitimate. The same appraisal can be used if the appraiser you used was also used by the buyers lender. An appraisal will provide you with a home valuation and at least three comparable properties. These comparables are what the appraiser used in determining your home’s market value. Every home I sell receives an appraisal. I then market my houses a little lower than the appraisal and have evidence of my claim.
Request a Home Inspection It is best to have a home inspection done before you market your home. Depending on the size of your house, a home inspection can cost between $200 and 450. An experienced home inspector will inspect everything in your home, from the electrical outlets to the crawlspace. Before I list my properties, I have a home inspection. This allows me to see the problems and fix them. Sometimes, there are unexpected issues like moisture in your attic. After your home inspector has completed their inspection, you should fix any issues that you find. This will ensure that your buyer receives a clean inspection of your home.