Homes for Sale by Owner Tips

Here are some tips you might find helpful if you are going to try to sell your home yourself. By following these simple tips, you should be able to command a higher price for your home, which will maximize your net profit.

Price your home correctly.

If you would like a Comparative Market Analysis (CMA) of your home, at no cost or obligation, I would be happy to do this for you. Just fill out the information form provided and I will email the analysis to you.

Put together an attractive flyer about your home.

Put as many details about your home and property as you can on this flyer.

Put a flyer box next to your sign in the front yard.

Make sure to keep it supplied with your flyers. Check your town ordinances or HOA for restrictions first.

Advertise your home aggressively.

Some mediums include newspapers, real estate publications, the internet, or even develop a website to showcase your home.

Make your home available for showings.

Be sure that the telephone number in your advertising is one that you can answer immediately (don’t rely on voicemail). Be as available as possible to show the home.

Keep your home looking attractive inside and out.

Remember, a buyer's first opinion is always important. Most people want to drive by first. This is often when their first opinion of your property is made. Your home should be "show-ready" at all times. Be prepared for people who want to see your home without an appointment.

Get your home pre-inspected.

Get a home and termite inspection and take care of any repairs now. Having an inspection report and documented repairs goes a long way towards getting buyers interested in your home. It takes away many of their fears and also attracts good offers.

Have mortgage loan information for your home available.

This information is called a good faith sheet and it will give prospective homebuyers an idea of what financing costs are going to be on the home and what their payments might look like.

Make contact with the Title Company of your choice.

Find out all of the details on setting up escrow, once you have a sale in place. Also, have estimated escrow-closing costs available for interested buyers.

Purchase a one-year home warranty plan.

These plans protect you from a number of items that could go wrong with your home prior to the close of escrow and protects the buyer for one year after purchase. Home warranty plans typically cost from $300.00 to $450.00. Home warranties are just one more way of reducing a buyer's fears about the purchase of your home. They also give your home an edge over your competition.

Obtain necessary legal documents.

This might include a purchase contract, addendums, counter offers, and other documents that will help tie up any loose ends that could become a potential legal issue. You should also prepare a seller disclosure statement of your home to supply to your buyers.

If you have any questions, please feel free to contact me.

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