With the housing market the way it is, homeowners who are planning to sell understand that it is a buyer’s market in most areas of the country. Gone are the days when some homes could sell at a premium over the listed price.
The added pressures on homeowners to profit off of the sale of their homes has caused many to explore selling their most prized asset apart from the aid of a realtor. Figuring that their profits will be reduced due to a soft market, homeowners aren’t willing to fork over an additional 6% fee for the realtors fee.
Thus, the FSBO or For Sale By Owner option is kicking in for countless homeowners.
If you are considering FSBO, the following checklist from SayHomeSell can help you remember everything you need to do to prepare your home.
Specifically, you’ll need the following supplies on hand before you get going:
- Yard Sign
- Open House Signage
- Brochures and Brochure Holders
- Key Lock Boxes
- In-House Literature Holder
- Visitor Log Books
- Real Estate Contracts
- Selling Pamphlets
Of course, if you have no plans to work with a realtor, then skip the key lock box option.
To list your home, consider using the following:
- Free Online Home Listing service
- MLS Listing Service
- FSBO Listing Network
- Classified Ad Listings
- Home Listing Catalogs
SayHomeSell also has comprehensive how-to listing information to help you through the process. By the way, don’t forget to order a home valuation report and get a copy of your home flood map — two critical tools you’ll need before you get started.
Finally, locate an attorney who specializes in real estate transactions and who can represent you at closing. A knowledgeable attorney can help you through the paperwork process, saving you thousands of dollars in realtor fees.
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