Welcome to ‘For Sale By Owner: The Ultimate Guide’. A 6-part series giving you all the information you need to know about selling your home privately. Have you decided on selling your home For Sale By Owner (FSBO)? Perhaps you are thinking about buying from someone selling their property privately. Read on, for all the information you will need about private home sales.
More and more people are selling their homes FSBO. As the internet expands and useability and accessibility increases, the possibilities grow too. You can now sell your home to the world, at the touch of a button. If you are selling or buying FSBO, it always helps to know as much as you can about the process. The people at sell-my-house-quick.com have put their heads together over the last few weeks to bring you all the information you will ever need for the process, and hope you can benefit from our collective knowledge.
You may think that buying or selling FSBO can be a difficult process. This need not be the case, with a little preparation and knowledge, it can be a simple and fun process. If you are prepared to put in some work to market your home, you can do the work of a realtor or estate agent, and reap the rewards.
As the internet’s importance increases in our day to day lives, so does its ability to help us. At the touch of a button, you can upload your pictures of your home or property, and sell it to the world. Incredible!
FSBO: The Basics
Is selling your home a complex business? In can be very simple. Are you interested in saving thousands on the sale of your house? Is using an agent really the best thing for you? How difficult is it to sell your home? Easier than you think! You have the ability and the tools right here to sell your house or property as well as anyone…probably even better, because no-one cares about your money as much as you, right?
Professional Help with FSBO
When you sell FSBO, you wont be doing it completely alone, so don’t be worried! When you sell your home FSBO, you will need professional help. Depending on your country and real estate terminology, you may need an appraiser or valuer (you can of course do this alone, if you feel like you know your local market well enough) and you will need a real estate lawyer or solicitor to draw up legally binding contracts between you and the other party involved. You will be saving yourself a small fortune selling privately, so you can afford small fees for some professional help!
One of the many advantages of selling your home privately, is that you control the price you advertise for, and can change the price as you go. On our site, all you do is log in and change the asking price. Simple. No going backwards and forwards between a middleman. If you would like to generate more interest for your home, you can advertise it for a more competitive price, just as an agent would do for you. If you like, you can start high, and gauge the interest from there. It all depends on your situation. Do you need to sell quick? Maybe you can take your time, and start high. You remain in control at all times.
FSBO: The Beginning.
Selling your home privately is a very straightforward business – all it requires is common sense and patience.
First of all, you start with research into your local market. There are a few things you need to know, and the information can be easily acquired. What’s being advertised in your local market right now? There will be a plenty of websites out there where agents are advertising properties for sale, so check them out online. It won’t be too hard for you to find another property in your area like yours, being sold by an agent. This is the first step and can help you understand a real market value for your property. You may have a local free paper on the local property market.
Is it a good time to sell? Are there a lot of buyers out there? Are there more or less properties out there than 6 months ago? You can talk to friends and neighbours about your local market. Be up front and ask local agents about their views. Check out websites and see what people are talking about. Is it a good season for you to sell? Spring and summer are usually best. If you can avoid selling in winter, then do so.
You can talk to friends and relatives too. Ask everyone about property! You need as much information as you can – why not become an expert? How did your neighbours buy and sell their home? Essentially, all valuers do is check ‘comparables’ – meaning they look online and see what has sold in your area, and for how much. Can you find out that information too? Yes you can.
The property market will be honest with you, that’s one thing you can bank on. If you price your home too high, then no-one will call you. That’s no problem though – all you need to do is adjust your price. That’s the great part about being in control. You know yourself when you make purchases – if something is priced to high, you shop around. Everyone does the same thing. You’ll know if your inundated with calls you’ve priced your home too low! You can price your home for a reasonable price and take it from there. Ask friends what they think of your asking price. That’s the great thing about property and real estate – everyone has an opinion! So use it to your advantage. You are always in charge of proceedings. Sound good to you?
You may be approached by agents looking to sell your home for you. This could be an option for you in time. Why not try and do it yourself? You may be surprised at how good you can be at it. The process can be easy – advertise, find a buyer, draw up contracts. In the following parts of ‘For Sale by Owner: The Ultimate Guide’, we go into detail on how to market your home effectively. You really know how to do it already!
How Much Money Can I Save?
That’s the real question, isn’t it? How much money can I save? Or is it how much money can I make? If you go to the homepage of our website, you will see a calculator which will give you a rough guide to how much money you can save when you sell FSBO. Select your country on the calculator, and then type in your asking price. You can now see how much approximately a local agent will charge you. Its’ an awful lot of money, for something you can easily do yourself. Advertise your home to the world. You will be surprised at how easy it can be.