FSBO – The Perils And Pitfalls Of Trying To Sell Your Own Home
In this modern age of economic strife and a galloping “do it yourself” movement, more and more homeowners are looking into selling their homes themselves. However, taking on the role of a professional when you don’t have the same training isn’t all it’s cracked up to be.
Some homeowners go into the whole “for sale by owner” experience with the thought that they’re saving themselves the cost of the commission and in the end they’ll come away with more money at the end of it all. However, Realtors can often get you a higher price for your house than you can negotiate yourself. Realtors will know what the current price of comparable homes on the market are selling for so that you don’t price your home so high that it lingers on the market for months or so low that you lose out on the money that you deserve to get for your home.
Above all else be neat and clean everywhere. Rooms, closets and cupboards need to straightened up and uncluttered. This helps make your home look as large as possible. Cluttered rooms can actually make large homes seem small, and lots of clutter is one of the biggest mistakes many do-it-yourself sellers make. The simplest solution to the clutter problem is to simply get rid of it. Everything that you don’t use on an “every other day” basis should be put in storage or out of sight.
It’s very important to pay close attention to all of the bathrooms in your home. Be sure to get rid of all the mold and mildew and shower residue in your bathrooms. Clean and polish the glass and mirrors so that they look as new as possible, and don’t forget to check the caulking around the toilet and the tub.
The next step is to post a For Sale Sign on the front lawn of your home. People who are looking for a house in your neighborhood will see the sign and call the number for an appointment. For sale signs are easy to find, just go to a local hardware store or have a local sign shop make one.
* Make sure the doorbell works. If its not working it gets your home off to a bad showing right away.
* Eliminate all pet odors.
* Have your carpets professionally cleaned. This is inexpensive – but is usually profitable to your bottom-line.
* Have the furnace inspected, cleaned and certified. This always comes up during the inspection.
* If you have an automatic garage door opener – makes sure it works.
* Remove dead trees and shrubs. It’s a good investment to add new trees and shrubs or trim the old dead branches.
Some owners will list their home with a broker without a contract. This is perfectly legal and it’s called an “open listing.” You will pay a commission only if the broker presents a buyer with the price and terms acceptable to you. You are under no obligation to the broker with the “open listing” and you can in fact have an open listing listing with several brokers.
With a little patience and by following the steps above, you can sell your house in time!
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