Uncategorized December 10, 2016

FSBO GUIDE: Sell Faster at Higher Price

Below I have listed some ways to boost the possibility of selling your property on your own and without an agent. I truly wish you luck! 

Place an ad in your local newspaper and online. Always include the area of town, the price, number of bedrooms and bathrooms; these are the most important considerations for a buyer. Also consider placing ads in other local publications: Area Shopper, Craigslist, Meadville Tribune, etc.

Know your property. This means know and understand your property taxes, zoning, lot size, square footage, and amenities.

Design a flyer or brochure for your property. A photo and description of the property is the very important. People love to have something they can look at that contains crucial details like tax amounts, bedroom sizes, school district, acreage, etc. Basically, include anything that sets your property apart from other properties.

Consider having an appraisal. This will help determine the current market value of your property. Buyers typically will offer less than you are asking because they know a savings of the commission is often built into the price. You are trying to save the commission and so are they.

Research property laws in your area. Disclosure laws, Restrictive Covenants, Eminent Domain, Zoning Restrictions, etc.

Do you have a recognizable and attractive For Sale by Owner Sign? If not, get one! You might also want to invest in directional arrows and an info box for people who are just driving buy. I have found that many people are too timid to come knock on your door or call you if they do not know details about the property.

When showing the house make sure all lights are turned on. A bright house is more attractive than a gloomy house. Open your blinds as well.

Think about what you’re asking price and final price will be. Buyers want to negotiate. Think about it: no one wants to pay full price, so do expect offers.

Request a Pre-Approval letter. No offer makes sense unless the buyer has the economic resources to purchase your house at the price you negotiated. Put extra care in financing contingencies related to the Purchase and Sales contract.

Please feel free to contact me if you have any questions about any of the aforementioned topics. I wish you the best of luck on selling your property on your own, but if you ever would like a real estate professional to help out, I hope you will remember to contact me.