Many years before, selling your own home by yourself was an outlandish move. However, the world has changed drastically and now there are houses For Sale by Owner (FSBO). Although not relatively new, this has upped the game for those who would like to do things themselves and get rid of commissions for agents. A warning though: as a seller, you are required to be always focused and dedicated.
In West Palm Beach, FL, the average cost of homes is $150,000 for a 3-bedroom house while $110,000 for all properties with 1-4 bedrooms. This is up by almost 30% in just three months, which is a great signal for you to sell your home today. Here are the 6 steps that you will embark on for your home that is For Sale by Owner:
Step One: Preparation
A home that looks good inside and out will earn you more profits once it is sold. The overall appearance and the stability of the property have a huge impact on its value. Therefore, you should make the most out of this opportunity – repair, decorate, and improve your home if you must. All your expenses will come back to you in the end.
Step Two: Appraisal
Now that your home is refurbished, it is time to call an appraiser. You can get one in West Palm Beach at $40 up to $100. This is important since you surely do not want to price your home too low. Too high costs will also turn off buyers so a professional appraiser will help you get the job done.
Step Three: Marketing
Even if you put a huge sign in the backyard saying the house is for sale, you still have to let other people outside your neighborhood about your FSBO home. You can do this in three ways: offline advertising such as in newspaper classifieds and radio stations, online advertising which can be free or with a fee, and Multiple Listing Service (MLS).
Step Four: Home Staging
When you have a prospective buyer, you can set up an appointment and show them your home. Answer their questions and be friendly but do not be pushy. The key is to be professional and provide valuable at all times.
Step Five: Selling
Finally, you have entered the most exciting phase – but don’t get too excited since there is still one last step left. Nevertheless, this is your goal and you have reached it. Usually, the buyer has already seen your home through the home staging. Make sure you stay in contact with them and even encourage negotiation. Once the buyer agrees with the cost, you can pat give yourself a pat on the back.
Step Six: Documentation
When the deal is closed, you should be prepared with all the necessary documents. Have an attorney make them for you. In most cases, an attorney should be present or at least a witness during the signing of the legal documents.
If you think you are ready to sell your home, you should be more than prepared with the essentials. Bear these things in mind and you will eventually find the buyer in no time. However, if you want an offer right now, start your search here: http://rescuerealestatellc.com/we-buy-houses/. Simply give us the information about your property and we will give you our offer.