What to Know Before Listing Your Home FSBO
FSBO, or for sale by owner, is a risky way to sell a home, but can actually save you money if you know what you’re doing. Dean Graziosi has provided some helpful tips that will get you started. Consider them carefully before making the decision to sell your property without utilizing the services of a realtor.
When you decide to place your home on the market as FSBO, you need to think about how people will know its there. Since you won’t have a real estate agent to help you get the word out, this responsibility will fall squarely on your shoulders. Visibility is the key and advertising is the way to make that happen.
The more visible your home is, the more potential buyers it will attract. This can translate into a quick sale which would really work in your ffavor. Begin by placing directional signs in your neighborhood. That way, potential buyers who are looking at other homes around yours will see the signs and hopefully come to see what the hype is all about.
Design your own flyer. Include a few color photos of your home from different angles. Include the surrounding property in these pictures as well. You want potential buyers to know what they could be missing out on in order to attract their attention. Make sure the photos are good quality and present your property in the best light.
Add important details to your flyer such as the square footage of your home, some useful details about features it contains, and of course, your asking price. Flyers are one of the oldest advertising means around and they are still quite successful today.
Advertise on real estate websites. When seeking these out, make sure they are reputable. You also want to see how many people visit the sites if you are not aware of their notoriety. Websites with bad reputations or no activity won’t net you the results you are after.
Prepare to show your home. You will be doing this all yourself, so a little homework may be necessary. Getting them to your door is great, but if they don’t like what they see once inside, you won’t make a sale.
Stage your home. Arrange the furniture so it makes each room appear spacious and comfortable. Remove any clutter that may exist. Make sure all items are removed from the closet floors. Closets are huge selling points for a lot of people so you want them to get a good idea of their true size.
Talk to a real estate attorney concerning tax and real estate laws. There’s a lot to know, and not having this conversation could hurt you in the long run. You’ll also need help handling the closing so this is definitely a step you won’t want to skip.
Selling your own home can be a good idea if you take the proper steps to ensure your success. As noted in an article posted on frontdoor.com, the FSBO route is pretty tempting, but utilizing this method isn’t as easy as it may sound. You can learn more about this and other relevant topics by visiting Dean Graziosi’s blog.