Many people delude themselves into thinking that the business of selling a house is as uncomplicated as they come, even if it is their own home. Put a For Sale sign out front, and people will come flocking to your door, or will they? There’s a lot more to selling your own home, not least of which is letting go emotionally so you can actually sell it. For those who are determined to sell their home, the 4 tips below might come in handy.
1. Emotional Detachment
You won’t be able to go through with selling the house if you don’t let go of it first. Often, owner-sellers find that they are downplaying the selling points of their home as they show prospective buyers their house, each room bringing back fond memories that make them forget why they want to sell in the first place. In order to avoid that, you will want to clear the house of any personal things with great sentimental value and remember at every step the reasons for selling.
2. Do the Research
Check what prices similar properties in your area are fetching, either online or by visiting show days of other houses. A fair price will make a remarkable incentive for a prospective buyer.
Good legal advice to get you through the red tape of property selling, is a must. You won’t be able to find your way through all the paperwork and legalities without the assistance of a real estate attorney.
3. Financial Matters
Seek the assistance of a bank, title company or mortgage broker if you have a mortgage on your house, preferably one that you trust. They will take care of all the financial aspects of the sale for you. Many will also make available a hot-line service that will facilitate communication between you and any interested buyers.
4. Market, and Market Some More
If you want to be quick about selling your house, then you will have to use any means of promoting it as possible. You will want to make use of the Internet and all the websites, whether paid or free, that will host your home-selling add. Keep in mind that you’re more likely to find a buyer on a paid website, since it has the means to market itself.
A better promotion of your home will require lots of photos of both the interior and the exterior of the house. You should make sure they capture anything that is singular about the place and that might add to its appeal. Print full color flyers and post them in local stores and noticeboards, and tell everyone you see that your house is on the market.Every real estate agency has a list of prospective buyers. You should make one, too, and be quick about it.
Of course, your For Sale by Owner sign will be in your front yard from day one.
Knowing what type of person your home will appeal to will help you in your marketing efforts. If it would suit empty-nesters, or executives, or a growing family, then target your marketing efforts to those people. Although not as simple as you might expect, you can sell your own house. One of the things that makes people resort to a real estate agency rather than take charge of selling their own home, is the time they have to invest in promoting it.