Are you a homeowner who desires to sell your house by yourself? It will certainly require you to do some research before you begin the process, and you may find that it’s not an easy road to travel.
We understand that what motivates a majority of homeowners when it comes to choosing the for sale by owner option is the idea of saving on the commission typically paid to a real estate agent. We want to provide you with a guide on how you can go about selling your home should you choose to handle the home selling process yourself.
🏠 Get Your Home Market Ready
It is essential to prepare your home for sale by fixing major issues that can cause buyers to avoid your home. You’ll want to take care of any carpet stains, damage done by pets, yard issues, and unpleasant odors.
It’s common to stage a home before selling to make sure it appeals to a broad range of buyers and is appealing. Start with overall curb appeal and move on to making sure the inside of the home is ready for showings.
💰 How Much is Your Home Worth?
🔎 Order a Pre-Sale Home Inspection
Getting a pre-sale home inspection carried out on your home prior to sale is essential because it can save you time and money in the long run should issues arise that you were unaware of prior to the sale. A licensed professional comes in to inspect the property, systems, and structural elements before offering you a report that lets you know which areas need attention.
There may be some issues listed in the report that are beyond your ability to repair. You can take this into account when setting the asking price and negotiating with potential buyers, but it’s best to repair anything that could impact the value of your home.
✨ Highlight Features & Amenities
Emphasize your property’s strong points to prospective buyers. You can provide information on the local school district, neighborhood, nearby stores, and restaurants.
☀️ When to Sell Your Home
Timing is an important factor to consider when selling a property on your own. Most buyers prefer buying homes in warmer weather, so consider selling your home in the spring as statistics have revealed that most homes are sold in the months of April, May, and June.
📰 Advertising Your Home for Sale
🙋 Showings & Open Houses
🏦 Financing & Closing
You will be doing the work of an estate agent by receiving a pre-approval letter from the buyer that shows they have the ability to follow through on the sale. You’ll also want to make sure all the legal aspects are covered. It’s a good idea to have an attorney look over all contracts before closing day.