5 essential tips on how to sell your house by owner (FSBO)
It's
time to move on. Put off by the eye-watering commissions that
agents charge? It may be the moment to fly solo and learn the tricks
of the trade yourself.
That
means you could end up keeping more cash in your pocket after the
sale. For sale by owner (FSOB) can be demanding, but a few tips could
help you seal the deal.
Here's
how to sell your house by owner.
1.
Get the Price Right
Take
a look at recent sales of comparable homes in your area. This will
give you a sense of where to price your home. Make sure you're
comparing like for like. This means checking the size and condition
of the house you're comparing yours with.
Use
the Federal Housing Finance Agency’s HPI
calculator to
help refine your pricing. Set a list price that reflects your
objectives and timeframe. If you can afford to wait for the right
buyer, then set the price higher.
Learning how
to sell your house quickly
could be essential. If you need to be out of the house in a
flash due to job relocation, you could price it to sell fast. You
could also consider selling to a company that specializes in buying
up properties.
2.
Spruce up Your Home
This
doesn't need to break the bank. Small touches go a long way.
Repainting the front door and adding some potted plants at the
entrance create a great first impression. Give your yard some real
curb appeal. Make sure it's clean and neat.
Declare
a decluttering campaign throughout the house. Give the home a
deep clean too. Bringing in the professionals could be a good
investment here.
Take
a step back and be objective. Repaint any tired interior walls in
neutral colors. Carry out small repairs. New faucets and adding a few
rugs may also help. It's all about appearance.
3.
Create a Profile for Your House
Gather
together all the relevant information about your home and flag up its
best points in a written description. Stage
your home and
get some great photos taken of all its best parts on a sunny day.
Create a video tour of your property.
4.
Advertise Online
There's
a small online industry out there to help FSOB sellers. Some services
will advertise your property in magazines and on websites for a
fraction of the cost an agent might charge.
Use
your social media network for greater reach. You may also be able to
find specialist groups on social media sites to give your home a
further push in order to find the right buyer.
5.
Have a Sign
After
the internet, a 'For Sale' sign is one of the most effective tools
for attracting buyers. Make sure it's as near to the road as
possible. It needs to be unobstructed for maximum visibility.
Ensure
the sign displays a phone number and email address that's easy to
read.
Knowing
How to Sell Your House by Owner
There
are three main things to remember when learning how to sell your
house by owner. These are price, dressing your home and advertising.
Get these right and you'll soon be home and dry.
Continue
reading more home-related articles on our site for even more tips and
tricks in your old and new home.
Published August 8, 2019
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