Sell Your House Fast

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There are two ways to sell your home: by going through a realtor and by doing it yourself.

(there is a free ebook: 101 Tips For Selling Your House,for you to download, which helps you overcome any problems you may face if you sell your house without a realtor, from a link at the bottom of this page).

The do it yourself method is also known as for sale by owner. As with anything that requires professional assistance, selling your home with the aid of a realtor is going to cost you. On the flip side however, selling your home for sale by owner can also cost you, but not as much.

The choice comes down to the question of what you would most like to save, time or money.

If utilizing a realtor you will save yourself some time but not necessarily loads of time because there is a level of involvement that you must maintain in order to pick out the best deal for your specific situation. If selling your home for sale by owner, you will indeed save yourself loads of money because the only thing you are paying for out of pocket is the cost of your advertisement methods.

Selling your home through a realtor can be not only an expensive method but also a difficult selection process when trying to decide which real estate agency to go through. Once this decision is made, you must now work with the realtor to negotiate your terms and conditions for the sale of your home.

The realtor is paid according to the final selling price of your home. A commission of anywhere from 1 to 3 percent is charged at the closing. It goes without saying in this situation that a benefit of for sale by owner, selling without the aid of a realtor is one of cost. Simply put, you get to keep the proceeds of selling your home if you do it yourself.

Although real estate agencies gain exposure in the world of potential homebuyers by the use of their company’s name, your for sale by owner home does not get individual exposure on the level that would be given to it if you were to do your own advertising. A for sale sign does indeed go in the yard of your home with the name of the agent as well as the agency and a contact phone number, but this is comparable to placing a for sale by owner sign with the same information, sans the agency name.

The remainder of the process involves the home being listed in what is known as the MLS, or Multiple Listing Service. This is a long list of homes being offered for sale by numerous real estate agencies. Once again, your for sale by owner home will not be given the specific exposure it could be given if you were to do your own advertising.

The true benefit of selling your home for sale by owner versus utilizing a real estate agency is the control factor.

You are in complete and total control of the entire transaction from start to finish.

This is often the most necessary factor in selling. With yourself in the proverbial driver’s seat, you are free to advertise in the way you see fit and to use the method you see fit.

You are also free to keep all profits from the final sale, and this is usually enough to reassure the seller that the for sale by owner route is the right path to take.

If you bear the above in mind you should have no trouble in selling your house on your own.

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Whether you are a buyer or seller, here are some helpful tips to enable you to make the best out of a real estate transaction.

(there is a free ebook: 101 Tips For Selling Your House,for you to download, from a link at the bottom of this page).

Buyers
Pick a developing area. You can scientifically predict which areas are boom towns or not by reading the business pages.

Learn the real estate market in the area you picked. You need to develop a thorough knowledge of what properties are available and the going rates for houses. Be ready to make an offer in the shortest time possible.

Make your offer to buy conditional on a thorough inspection of the property. If you discover some problems, try to negotiate for a lower price to offset the inherent property flaws.

Be patient and prepared to keep looking until you find the right house that will give you a good return on your investment.

Sellers

Make sure that you let natural light inside the home during a buyer’s inspection. Open curtains, draw the blinds and turn on all lights in all rooms of the house.

Repair and/or renovate door and window hinges, door handles, broken shutters, leaky faucets, broken bulbs etcetera. Make sure that there are no squeaking doors, windows close and open smoothly and faucets are leak-free!

Deodorize the house to neutralize pet or tobacco odors. Better yet, bake bread or chocolate chip cookies before a buyer makes a visit to your home!

Make sure the house is cleaned from top to bottom, inside and outside including all those hidden corners, under the sinks, bath tubs and baseboards. Mow the lawn and trim the hedges!

Get rid of all unnecessary clutter and personal souvenir! Buyers want to see the home as they would live in it and not as you live in it!

Give your home a fresh coat of paint inside and out. Painting your home is one of the most important and inexpensive investment you can make to maximize your sale price.

Real estate is slowly becoming a rewarding investment, more rewarding in fact than stocks and bonds because they have not been performing as in the past.

On the other hand, real estate investment is performing beyond expectations because of its appreciation and due to demographic factors.

Analysts have been claiming that the real estate boom will fizzle out but that was 4 years ago and the market continues to improve due to demographic factors, lower loan interest rates and easier mortgage requirements!

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When advertising your home for sale by owner, you will undoubtedly come into contact with a variety of people.

(there is a free ebook: 101 Tips For Selling Your House,for you to download, from a link at the bottom of this page).

You may come into contact with people of different ethnic groups or nationalities, people of different race, or even people with disabilities or handicaps. Situations can arise where discrimination against different types of people can be a violation of law, particularly regarding housing.

Most types of housing are covered under these laws with the exception of those dwellings that operate under shelter laws, for example exclusively for battered women or for the hearing impaired.

Under the Fair Housing Laws, it is illegal to, based on someone’s color, creed, nationality, sexual orientation, handicap, etc… refuse to sell or to rent housing; refuse to negotiate for housing arrangements; make housing unavailable; deny a dwelling; set different terms, conditions or privileges for sale or rental of a dwelling; provide differing housing services; claim falsely that housing is not available for rent, sale, or inspection; persuade owners to sell or rent (this is known as “blockbusting”); or deny access to membership in a service and / or membership related to the sale or rental of housing. All of the above, if violated, will result in prosecution and criminal charges being brought against the violator. The same, or similar criteria exist for mortgage lending for the purchase of a home.

There exist clauses in the laws that state it is illegal to threaten or coerce, to intimidate or interfere with anyone exercising a fair housing right.

Also, you may not advertise or in any other way make any statement that indicates a limitation or preference based on race, color, national origin, religion, handicap, etc… This prohibition against discriminatory advertising applies to single-family as well as owner-occupied homes that are otherwise exempt from the Fair Housing Act.

Housing discrimination is not always characterized by the slamming of the door in someone’s face or a bigoted remark being hurled at a potential homebuyer.

However, it can be just as ugly and just as hurtful to the would-be buyer. Even without this as deterrence from the act, it is against the law. As a seller, it is important to treat each and every person interested in your home with dignity and respect.

It helps to think of everyone as being a member of the human race instead of seeing them as being undesirable if they do not look like you.

With the legislation that exists, it is best to conduct the sale of your home in a business-like manner and treat the transaction with all seriousness and gravity without allowing personal preferences to interfere, as this is counter-productive to the ultimate goal: the sale of your home.

Your newspaper as well as other advertisements should be directed to the general public with the only descriptive language used being the language that describes your house alone. You must describe the demographic of your neighborhood and especially do not describe what “type” of person you would like to become interested in your house.

If these guidelines are followed, there should be only the technical difficulties of closing the transaction rather than the complex ones dealing with offensive and discriminatory practice.

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You can save thousands of dollars in realtor commissions by selling your home yourself. If you decide to sell your house without the help of a real estate agent or realtor, you’ll find that it’s a popular solution in the current housing market, but it isn’t an easy one. This guide to home selling should help you figure out what you need to know to sell your home yourself.

Without a knowledgeable realtor to guide you, you’ll have to hone your knowledge of the housing market, lending practices, loan availability and requirements for a home sale in your area. You’ll need to make time in your schedule to show your house, and brush up on your people skills and negotiation know-how. If all of that hasn’t discouraged you, you’ll find the tips below a helpful guide to home selling.

1. Price your house right from the start.

Listing your home for sale at the right price is the single most important thing that you can do when selling your home yourself. Check listings in the newspaper and online to find prices for similar homes to yours in your area and price yours accordingly. The best selling homes generally are priced within 2-3 percentage points of other homes that have sold recently. Remember, location is your biggest determinant of price. The ‘nicest house in the neighborhood’ won’t fetch much more than the average.

2. Invest in repairs, not improvements.

When you’re getting your house ready to sell, concentrate on making repairs, not improvements. Fix the leaky roof, take care of crooked and broken shingles and shutters and fix the cracked driveways and walkways. Cosmetic repairs are your best investment when it’s time to sell your home. Home improvements seldom recoup their cost. A realtor’s guide to home selling can tell you what home improvements are most likely to bring the most return on investment.

3. Advertise widely.

Use every advertising option you can think of – newspapers, real estate magazines, internet listings and supermarket bulletin boards have all been known to sell houses. Don’t completely ignore traditional avenues either. A flat fee listing with a local realtor can get your home into the Multiple Listing Service where it will be seen by thousands of people.

4. Think safety.

Real estate agents, particularly female ones, have learned to consider their own safety when showing an empty house. Let their experience guide you – it’s an unfortunate but true fact that there are creeps out there who target homes for sale as easy marks for theft or worse. Never show a house without letting others know, and if possible, having someone else in the house with you.

5. Use your showings to interview buyers.

When you show your home, use the opportunity to find out what you can about the prospective buyer. A few careful questions can help you weed out those who aren’t serious, or likely won’t qualify for a loan.

6. Keep your house in ’show’ condition.

As long as your house is on the market, keep it in show condition so that you’ll be ready to show it at a moment’s notice.

7. Be ready to recommend funding and lending options to your buyers.

While most buyers will have already taken a look at their financing options, some may not have considered financing – or may be having difficulty finding a mortgage. If you can suggest an option that works for them, you’ll be able to close on the sale.

8. Follow through.

No job is finished till the paperwork is done. Be sure to follow through on all the necessary paperwork, including inspections, notice of escrow, listings and anything else that might hold up your home sale.

This is a very brief overview of all the things involved in selling your own home. For a more comprehensive guide to selling a home, visit your local library or speak with a realtor in your area for more suggestions.

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Nearly 80% of those who bought a house last year started their search online. If you’re selling your own home, an online For Sale By Owner (FSBO) site is nearly a must. According to realtors, most people who browse FSBO sites will view at least one house that they first saw online – and about half will purchase a home that they found in an online selling your own home web site. Knowing that, how can you not take advantage of all the new selling techniques available to those who are selling their own homes?

What sort of selling techniques are available to you if you’re selling your own home online? Depending on the site, you can literally have a 24/7 open house – without ever opening your front door. With photographs, multiple listings, virtual tours and floor plans, you can literally allow prospective buyers to tour your house without ever leaving their own homes.

There are several different ways to go about selling your own home through an online FSBO web site. Your best option is to contract with a local real estate agent for a flat fee listing, which will give you the right to post your home on a multiple listing service. With a flat fee listing, you pay a local realtor a flat fee of a few hundred dollars for the single service of listing your home with the Multiple Listing Service. Once your home is listed, you can post it on MLS web sites where it will be seen by hundreds of real estate agents and thousands of prospective buyers.

Another way that you can get your house listed on an MLS site is by contracting with a real estate agent with an Exclusive Sale Contract. You agree to pay that agent 2-3% commission if any realtor sells your house during the time that it is listed through him – but reserve the right to sell the house yourself without paying any commission. Again, your main aim, since you’re selling your own home, is to get the house listed on a multiple listing site.

There are also a number of FSBO sites that will allow you to list your home on their sites for a fee. Shop around for the best deal – they range in price from a single flat fee to a 2% commission when you sell your house.

Tips for Selling Your Own Home Online

- Upload at least one picture of your house that shows it in its best light. If you can, have the photograph taken by a professional photographer.

- Has your home got a gorgeous fireplace? A great view of the city? Make sure that you get a photo of that posted – the best way to sell your own home online is to make it look its best.

- Give buyers the info they want to know. Put information about the school system, the neighborhood, the local stores into your online ad. The more they know, the more likely it is that they’ll be ready to buy when they come looking.

- If your home is priced in the high ranges, consider investing in a virtual home tour so that prospective buyers can get a full tour of your home online and fall in love with it before they see it.

- Use your listing page to print out flyers that include the photographs and descriptions, and post them locally.

The internet gives you new tools for selling your own home. Just take it online, and see how far you can go with a few pictures.

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