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Considering selling your home as a For Sale by Owner?

With the market prices slipping and the rate of foreclosures rising every day; is it time to sell your home as a for sale by owner? The answer to this depends on what you as the seller are willing to commit to doing. There are many things involved in selling a home, without an agent, you are committing yourself to tackling all of these tasks independently.

Here are some of the tasks that are involved in selling a home.

  • You will need to complete a analysis of the market. This comprehensive analysis must include homes within your neighborhood and city and include homes with features similar to yours.
  • In order to sell your home quickly, you will need an accurate valuation. You must price your home competitively so you can sell quickly, yet still ensure yourself a profit.
  • You will need to create a marketing campaign. You need to highlight that your home is priced well and stands out among the competition.
  • You need to be able to network with real estate professionals to make them aware of your home as they may have potential buyers.
  • You will need an advertising plan for your local area and an internet campaign for any out of area potential buyers.
  • You will need legal counsel in order to ensure that all documents are handled correctly and to limit any potential legal actions.
  • You will need to have open houses, schedule home showings and be available at all times for interested buyers to contact you.
  • You will need good negotiation skills in order to negotiate any offers. You will also need to be able to differentiate between fair and unfair offers.
  • You will need to understand how cash offers will work and as well as the process of loan offers.
  • You will need to understand what contingencies to accept and what contingencies are not appropriate.

As you can see selling a home for sale by owner is a complicated manner and you will need a vast skill set to ensure that your home sells and you are protected against future legal matters. In reality, selling your home with a licensed real estate agent is well worth the modest commission that you pay.

Please contact Zhanna Shiman at Exit Realty First Choice in order to set up a consultation appointment so we can work with you and get you the best possible results in selling your home.
Contact Zhanna Shiman today at 718.354.8906 or e-mail her.

 

Seller Information Request Form
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