Some home owners choose to sell on their own instead of working with an expert real estate agent. However, if you choose this path, be prepared for lots of work. It can be done, but if you don’t have the time, energy and marketing firepower this option may not be best for you.
Whether you choose an agent or not, you still need to do your homework! Here are a few ideas to help you through the process.
- Know your property: You should know the taxes, zoning, lot size, square footage and how much you owe on your home.
- Know your comps and the property laws in your area: What are similar properties to yours selling for? What are the financing terms of the sales? What disclosure laws must you be aware of?
- Set a realistic price: Overpriced homes just sit on the market and go stale.
- Determine financing options: Contact different lenders so you have as many options as possible for the buyers to be able to close.
- Property condition: Is the property in showing condition?
- Professional photography/video: Is the property being shown in it’s best light?
- Marketing: Who will you contact to get as many eye balls on your property as possible?
- Prepare a fact sheet: Have a descriptive sheet to hand prospective buyers when they enter your home.
- Having your forms in order: Make sure you know the real estate sales contract and disclosure forms and we always suggest using an attorney.
- Negotiation: Negotiate price, inspection contingency’s, financing terms, closing date.
- Final walk-through: Have the house prepared for the final walk-through and then resolve any disputes and transfer title at closing.
If you’d like a free market analysis on your property and to see what we can do for you on marketing your property and getting you from offer to close please call 609-731-4265.