ere is a list of tips for increase in the asking price for
preparing your house ready your for sale by owner home.
for sale:
Prepare the for sale by owner
The more of these you follow the home for viewing by buyers.
more likely you are to sell your •First work on the exterior of
house quickly. the for sale by owner home.
Manicure the lawn. Rake the
(There is a link to download a leaves. Spruce up shrubs and
free ebook, that gives you 101 trees. Repair fences and touch-up
Tips For Selling Your House, at the paint if necessary. Repair
the bottom of this page). shutters, gutters and shingles.
Clean and paint siding.
Following these steps will lead •Then work on the interior.
you to a successful closing of Brighten up your home by painting
your home for sale by owner. with light colors. Remove clutter
from your home. Consider having a
Set your asking price. This yard sale to get rid of items you
should be based on the selling don’t need. Clean everything!
price of homes that have recently Eliminate all squeaks, leaks, and
sold in your area. rattles.
Estimate your cash profit. Your Obtain the necessary forms. In
cash profit is the amount you most cases, you will need sales
receive from the sale less contracts and disclosure forms.
mortgage and other bills. You can get these from any major
office supply store like Office
Make necessary home improvements. Depot, Office Max, etc.
Only make the improvements if the
cost will create a justifiable Fill out the forms. Make several
copies to have on hand at all
time. That way if a buyer accepts Start advertising your home.
your price, the only thing you’ll Choose among several methods of
have to do is get his or her advertising your for sale by
signature. owner home. From internet
advertising to yard signs to
Get a professional appraisal or newspaper advertising, many
inspection or both, if desired. options are available. Start
While neither of these is getting the word out about your
required for you to do, the home.
lender and the buyer will often
have their own appraisal and Negotiate with serious buyers. If
inspection done. Having your own you receive a complicated offer
completed gives you a chance to from a buyer, you should review
make any necessary repairs. it with a real estate attorney to
make sure you completely
Hire a real estate attorney or understand the terms before
escrow. During the process, you agreeing to the offer.
will need a third party to hold
onto the deed and deposits made Have the buyer sign the sales
by the buyer. You can kill two contract. At this time you also
birds with one stone by hiring an collect an earnest money deposit,
attorney since you will likely which is held by the escrow
need one in the process anyway. agent, or your real estate
attorney, until closing.
Decide your for sale by owner
home showing days. Set the date Select a real estate attorney, if
in the future to give you enough you haven’t already, to handle
time to prepare it for public the closing. In some states, the
viewing. lender’s attorney handles the
closing. In this case, your calculations match your
attorney is your representative estimations.
during the process.
Closing day. Bring your driver’s
Recalculate your cash profit from license. Collect your cash. Hand
the sale given the final sale over the deed.
price of the for sale by owner
home. Congratulations! You have sold
your for sale by owner home.
Review the settlement statement
before closing. Make sure the
About the Author:
Download 101 Free House Selling Secrets Here: 101 House Selling Secrets
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Geri Mason
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