Are you planning on selling your property and looking for ways to avoid the commission that you are required to pay a Realtor? Some sellers might think this is impossible but a lot of For Sale by Owner properties has proven that this can be done. So if you want this for yourself, then get to work and follow these steps:
- Step 1 – You have to decide as to what is the worth of your property because pricing is the number one and the most important job that you need to do as an owner. You have to consider the fact that if the market price of your property is too high, this will discourage buyers from purchasing. If this happens, your property will stay long in the market which will make it look bad from buyer’s perspective because they will assume that there is something inappropriate with the property itself. Realtors have that advantage since they already know the market shifts and have a clear understanding of speculating the best price. It is better to seek and ask a Realtor to do a comparative market analysis on your behalf.
- Step 2 – Make sure that your property is presentable. If it’s a land for sale, make sure that it’s clean and de-clutter. If you’re selling a house, stage your home in such a way so that possible buyers will be able to imagine living their lives in your home.
- Step 3 – Marketing is the next step and since this can be challenging, make sure that you sign up your property with directional arrows. You can do a lot through the internet that’s why it is recommended that you check out for sale by owner sites like Zillow.com or test out Craigslist.com. If you’re planning on printing out a media as part of your marketing strategy, make sure that you also put this media online.
- Step 4 – Keep in mind that you have to keep all your paperwork and legal professionals ready and in order. Look for different lawyers and closing or title officers and choose the one who is more experienced and willing to help with all the details at hand since you will be needing disclosures, offers to purchase and so on.
- Step 5 – Once a buyer offers to purchase your property, make sure that your client is already pre-approved. This should not be a problem since financial lenders will be able to provide written pre-approval letters.
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