Do you know that homeowners across the country sell their own
homes every day? It is true that 80% of Fsbo's' end up listing
with a real estate agent. But with these 7 easy steps you can
save thousands of dollars for you and your family.
1.Determine Your Market Value: Some of leading edge real
estate brokers offer a free over-the-net home evaluation.
Online; city and county tax records, Realtor.com, bank on line
home evaluation tools. Local legal business newspapers.
2.Preparing Your Home To Sell: The idea is to have the
best home on the market in your price range. Hire a home
inspector; get all repairs complete, spruce up landscape add
fresh mulch, flowers. Clean windows, touch up painting. Move to
storage all extra furniture clothes garage/basement stored items.
3.Make The Most Of Low Cost Real Estate Brokers: Discount
or minimum service real estate brokers (some are internet based)
offer a low cost option to place your home in the MLS at $200 to
$500 it's a steal. Pay the extra charges for additional photos
and virtual tours these will place your home higher on the web
page searches.
4.FSBO Marketing & Advertising: Get an 800# call
capture system a pre recorded message to capture buyer
information, use it on all signs and ads. Advertise in
newspapers only on the major real estate ad day. Open houses
piggyback on area realtor open houses.
5.FSBO Paperwork: Hire a real estate attorney. Mortgage
brokers will qualify your buyers. The State Real Estate
Commission has all the required forms. Title companies/closing
attorneys handle all the closing paperwork.
6.Working With Real Estate Agents: Buyers Agent, the
fastest way to sell is to co-operate with real estate buyers
agents. Offer to co-broke, co-operate or broker protect for a
quicker sale. Cost is normally 2 ½% to 3% of sale price
sometimes you can get as low as 1 ½ % to 2% if the agent sees a
quick easy deal. You can save this money by selling yourself,
weigh the cost benefits of a quicker sale versus 2 to 3 months
more on the market.
7.Close And Move On: Buyer selects closing attorney,
Title Company, Mortgage Company, Survey engineer and pest
control inspector. Your job is to have a marketable title be
legally able to transfer the property, complete all agreed on
repairs, move out (leave a clean home), sign all necessary
paperwork, grab your check and move on.
There are costs to sell your home properly and quickly. In the
end a savings of 3% on a $275,000.00 home is $8,250.00 in your
pocket a nice prize for not a lot of effort. It's a good start
toward your daughter or sons college tuition next year.
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