Top 10 "Insider Tips" to Sell Your Home by Owner!
1. Get Your Home In Top Selling Condition: Clean your home to within an inch of it's life. Make necessary repairs. And de-clutter the entire house. Clutter is the #1 enemy of anyone selling a house. Invoke "The Rule of HALF". Clear off at least HALF of everything on kitchen and bath countertops. Half of all collectibles and family photos. Half of everything in closets (boxes, shoes, clothes, hats, belts). And then consider "HALF AGAIN"! Put them in storage. Next, consider removing some furniture. Most people move because they want more space. Make your home look and feel "spacious". Remember that "sparse" is better than "cluttered".
2. Set a Realistic Asking Price: The best way (and cheapest) to determine a reasonable asking price for your home is to call 3 real estate agents and ask each for a "CMA". Most every agent will offer to do a FREE "C.M.A." for you, which is a "Comparative Market Analysis". A CMA provides information such as what other homes similar to yours in size and location have sold for recently, the address of homes sold, original asking price, eventual selling price, and the number of days it was on the market before it sold. It's an invaluable tool for the by-owner seller.
3. Use Signs To Your Advantage: Signs sell more houses than anything else. Buyers see signs and follow them into neighborhoods they may otherwise have not known about. You need 3 types of signs. For Sale by Owner, Open House, and the little directional For Sale By Owner arrow signs. Put the large For sale By Owner sign out front of course. Put the Open House sign up every weekend. And the little directionals should go on every corner all the way back to the nearest main road to your house. And don't forget an "info box" for your flyers. You do have flyers, don't you? See tip #4.
4. Create a Sales Flyer That Sells: Here's what you need to put on your flyer. Asking price, Address, Directions from the nearest main road, number of bedrooms, number of full baths and half baths, schools (elementary, middle, high school), interior description noting any special features (vaulted ceilings, fireplace, etc.), exterior description noting special features (old oaks, landscaping, fenced), convenience to highways, shopping centers, malls, grocery stores, hospitals, etc. Your name, phone, and I'd suggest ... "Shown by Appointment"
5. Advertise Where Your Buyers Are Looking: Classified ads are usually a good investment. Local classifieds help get the word out to local readers as well as potential transplants who are actively seeking a home and searching for one in the "local papers" from the areas they're considering moving to. The 4 most important items that must be in the ad: Price, Location, Number of Beds and Baths, and Phone. Beyond that, if you have room, note any stand-out features such as: waterfront, on the golf course, mountain view, financing available, pool, acreage, etc., and you've got it!
6. Make Arrangements To Help Your Buyer Get Financing: This is something too often overlooked by sellers. Make arrangements with an independent mortgage broker to refer potential buyers to him/her for a FREE mortgage pre-qualification. (Don't call your local bank, or "big name mortgage" because they are limited to their own companies loan programs). A smart seller will even put "financing available" on their flyer and refer those asking about financing to the mortgage broker. Benefit to you? The mortgage broker can save you time and aggravation by telling you whether a potential buyer can or cannot qualify for a loan. And if your buyer goes through your mortgage broker, the broker can keep you "in the loop" during the mortgage process!
7. Set Up a Voice Mailbox to Take Calls When You Can't: Every phone call that comes in could be the one buyer you've been waiting for. Don't take the chance of missing any calls. When I was actively calling sellers, I was surprised by the number of sellers who didn't have voice mail or an answering machine. That means their advertising money was wasted. Don't let that happen to you. Be sure you're phone rings to an answering machine or a voice mail service. And it's always best to return calls as quickly as possible. You never know which caller will be the one who ends up buying your house.
8. Set Up Specific Times To Show Your House: I don't run to the house every time I get a call from someone who says they want to see it, especially since at least 1 out of 4 won't even bother to show up! It can be frustrating to say the least. I usually tell everyone they can "see the house on Saturday from 11 am to 2 pm or on Sunday from 1 pm to 4 pm". These are my "Open House" days. Showing the house only on these days helps me stay in control of my own time (and my sanity). It also has the advantage of creating somewhat of a "competition" among potential buyers that works to my favor.
9. Brush Up On Your Negotiating Skills: If you have to lower your price in negotiation, make your first price cut is the biggest, and your second price cut (if necessary) should be smaller still, so that your buyer knows you've gone about as far as you're going! And keep in mind that price is not the only thing you can negotiate on. Maybe instead of dropping the price, you might offer your buyer a home warranty instead. You also will want to consider what items you intend to might include with the sale of the house. Items such as the refrigerator, washer/dryer, patio furniture, closing dates ... all can be a part of your negotiation strategy.
10. Patience Required: Don't expect a whirlwind of activity the moment you put your For Sale sign out in the yard. Sure, you may get lucky and have the perfect buyer show up at your door within just days of your sign going up, but don't bet the farm on it. It's possible that it could take several weeks, or even 3 or 4+ months if you're in a slow moving market and you're trying to get a retail price.
Michael Hart is a former real estate agent and mortgage consultant, a private investor, and author of several articles and reports on real estate and real estate investing. He can be contacted through http://www.localinvestornetwork.com or http://www.pwrsll.com where his new report "How To Sell Your House Before The Next Payment Is Due!" is now available.
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Labels: how to sell your home by owner, sell your home, top ten insider tips
For Sale by Owner - A Growing Trend
In the recent past, more and more for sale by owner properties are being listed in the market and it is tough time for the real estate agents to sell properties at high commission. The sale of properties through real estate agents has come down and the prices of the properties are also showing downward trends. More and more house owners are looking for alternate options of selling their properties and FSBO (forsalebyowner) seems to be the best option.
FSBO is therefore a growing trend in the real estate market and it is the best option for you to sell the property without paying for the realtor's commission. For sale by owner properties are therefore economical for the buyer also as the buyer saves a huge amount which otherwise would have been paid to the real estate agent. FSBO property requires some sort of advertising so that more and more prospective buyers see your property and visit you for a negotiation.
For sale buy owner properties are not easy for a seller, as you must have some marketing skills so that more and more perspective buyers approach you. You need to advertise your FSBO property at suitable sites so that more and more visitors see your property easily. People want to see your property by just clicking their mouse, so it is mandatory to put photograph of your forsalebyowner (FSBO) property at as many sites as you can so that people from around the corner see it while sitting in front of their computers.
Although it is not an easy task to sell your FSBO property, however you should be optimistic and should use the latest techniques so that you get the maximum profit from your forsalebyowner house. More and more people in real estate market are now coming forward and would like to sell their for sale by owner property themselves. So, if you are also an owner of a house, you can also take opportunity to sell your house through FSBO and get the maximum advantage of the vibrant real estate market.
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For Sale by Owner - Is it a Right Choice?
Many times a property that is offered for sale by owner takes too much time for actual deal and therefore the owner looks for other alternatives and start searching a real estate agent. Therefore a big question before the owner is, whether forsalebyowner is a right choice? In my opinion FSBO is one of the best choice, however we need to focus some of the issues that dominate the real estate market.
In for sale by owner market, you need to be attentive and should use all means of advertisement so that more and more people approach you. It is necessary to improve the look and maintain the FSBO house well so that people get first positive impression about it and especially all broken glasses, doors and windows should be maintained well.
You should be committed that you will complete the deal forsalebyowner only and you will not deviate from your goal and will not approach to the real estate agents. Once you are committed and you have maintained your house in a good condition, you can suitably decide a price tag for sale by owner house. Before arriving at a price tag for your FSBO house, keep your margin so that while negotiating price you can lower the price and still can make the profit.
The next and most important part is the marketing of for sale by owner property to the large audience including perspective buyers of forsalebyowner property. You should not only use the conventional methods of marketing and advertising your for sale by owner property but also the latest communications techniques so that large audience see your house and large number of perspective buyers visit you for negotiation. You can list your FSBO house at top ranked websites, in local news papers, in local community centers and you can also display "for sale" in front of your house.
So, with marketing skills and patience, you will be able to sell your FSBO property quicker and faster, however remember that you spend a small amount for advertising and marketing of for sale by owner property.
PostYourPad.com has the most listings on the Web for homes under $500k.
Sell homes with 0% commission and deal directly with serious home buyers.
Buy or Sell Your Home at 0% Commission with FSBO site.
Article Source: http://EzineArticles.com/?expert=Ashish_K_Arora
Labels: For Sale by Owner, For Sale by Owner Is it a Right Choice
Sell My House Online
Searching for the right estate agent when you have made the decision to 'Sell My House' is not as easy as you first think as the level of service and commission charges can vary greatly. With interest rates on the rise and the ever growing threat of property prices falling, more and more people are looking to get the maximum price when selling their own home. The average property price in the UK is now over £215,000 with estate agents charging commission between 1 and 2.5% plus VAT and these expensive fees can make a large impact on the profit you make.
There is now however an alternative way to market and sell you own home. With an estimated 75% of people now searching the internet for properties online using a specialised site designed to sell your house privately online is a great way to do this. This cut's out the estate agent and can save you £1000's on expensive commission fees.
Why should you make the choice to 'Sell My House Online' instead of using an estate agent? Because the vast majority of estate agents just send viewers round without accompanying them, leaving you to do the most important part of the process - actually selling your home to the potential buyer. Remember, estate agents are paid every time a buyer takes one of their properties, regardless of which property it is - your property is just one of many they can send the buyer to.
Many people market their houses privately as well as with an estate agent. If you do this, make sure the demarcation line is clear. If an agent can claim to have introduced you to a buyer, albeit indirectly, he is still entitled to his commission.You will need to check which type of agreement you have set up with your Estate Agent. If you have a Sole Agency Agreement you can usually sell your house privately without paying them commission. If you have a Sole Sale Agreement you may still be required to pay them commission if you sell your property even if they did not introduce the buyer. It is always recommended to check this before you market your property privately online.
Take responsibility for putting a realistic valuation on your house. You might like to get it valued by more than one estate agent but be aware they are competing with each other to get your business and there valuation may be higher than the current market value. You can check out the price of similar properties in the area by visiting the Land Registry site (www.landregistry.co.uk) to see what prices properties have fetched recently in your local area.
When you are choosing a site to advertise on browse the site for usability and look at the quality of marketing you are getting for your money. High quality images and an easy to navigate site that professionally markets your property will not only engage your customer's interest but also give them the confidence to pick up the phone and contact you about your property.
It used to be difficult to market your property as you were limited to newspaper adverts, for-sale signboards and word-of-mouth. Now you can use the internet to promote your property sale to anyone with Internet access across the UK and around the world. Making the decision to 'Sell My House Online' can save thousands of pounds offering an enormous advertising medium enabling you to expose and promote your property to a huge audience of potential buyers.
Paul Rice is an internet entrepreneur who own a number of prestigious Internet business' including an Award Winning Web Design & Development company, Ricemedia which is responsible for creating hundreds of UK sites. All of his experience and knowledge has been channeled into The House Sale which lets you 'sell my house online', making it one of the best private house sale web sites of our day.
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Labels: Sell My House Online
How to Write a Newspaper Ad For Selling Your Home
Selling a home entails a lot of paper work from coming up with counter proposals, sales agreement to home warranties, appraisals and not to forget, print advertisements. Advertising your home is one of the most effective ways of attracting potential buyers and doing it the traditional way is still a tested and proven option. This means placing advertisements in local newspapers in your area.
Home sellers need to advertise their home to as many targeted home buyers as possible and the newspaper is a popular medium for doing this. Despite the entry of electronic media, it's still a preferred place to advertise a home for sale. In fact, even non-subscribers will normally get a copy of the Sunday newspaper to read through the classified ads.
In writing advertising copy for newspapers, there are some guidelines you can follow to succeed in attracting your target audience. Your newspaper ad has to be the hard-sell type meaning, straightforward and concise. Depending on your budget, you can either place a short ad or a longer one complete with a photograph of the home you are selling.
The headline itself should already grab attention. Determine the most important and attractive aspect of the home and describe them in short and catchy words. Some examples would be charming and spacious home, upscale urban condominium, beautiful secret garden and secluded hideaway. An example of a specific headline would be "Charming home beside a lake with pristine forest."
The copy or text of your print advertisement has to be attractive, of course. It should easily catch the attention of the reader and entice him or her to take action. Keep your copy short and direct to the point but never make the mistake of abbreviating words or using too many details in just three lines in order to save money.
In describing the home for sale, avoid too many specific facts especially numbers such as those pertaining to the house area or lot area. Instead, use general terms to relay the same message such as a large house or spacious living room.
Use descriptive adjectives to enable readers and potential buyers to picture out the home they could be living in. Describe the home's qualities such as its architectural design, layout and flow, special amenities and upgrades done, entertainment options and nearby attractions.
Remember to specify also the exact location, number of bedrooms and bathrooms, the sales price and your contact information. Putting the price information on top of the ad is also a good way of attracting serious buyers. You can then mention if your price is negotiable or if financing is available. Some people forget these important details and as a result, just let a good opportunity pass up.
Advertising in a magazine has some drawbacks compared to newspaper ads. This option is not likely to produce an immediate buyer and may actually take your home several months before it gets results. Also, few people read their magazines again. Magazine advertising is ideal if you have a small target audience.
Your best option then is to combine newspaper classified ad with online advertising to reach as many buyers as possible. Keep in mind that your goal is to heighten people's interest in your home and make them look deeper into your offer.
LegalHomeForms.com - Download over 60 of the most used real estate contract and forms. Find forms like the quit claim deed, or offer to purchase real estate form.
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FSBO Marketing - The Dream Niche For Mortgage Brokers
Apparently, I got on someone's e-mail list last week. I've been getting more and more of these e-mails buzzing about FSBO Marketing. Does it work? Can I really get loans by marketing to FSBO's? For those of you who don't know what a FSBO is - it's code for - For Sale By Owner. Now, most of the articles I write are written to Realtors. I believe Realtors came up with the acronym FSBO. My point is that FSBO Marketing has been around awhile. And it's just NOW that Mortgage Professionals all over the country are warming up to this Dream Niche. I personally have been marketing to this group for years now.
The only difference now verses back then is - we've created better mouse traps - so to speak. But, let me speak frank and talk to you now as a Mortgage Professional - who has 20 some plus years under his belt. When our market went BUST, you were faced with three choices you could make. The first choice - Get out, and many did and some still are. The second choice - Keep doing the same old thing, paying for internet leads... hoping that someone will want to refinance their mortgage. Or the third choice - Niche! Most of us realize that markets run in cycles. Back in the 80's - in the Retail Market - the BIG super stores like Wal-Mart and K-Mart came on the scene. Mom and Pop Stores were left with the same choices we now have. Get out of the business... get clobbered by the competition... or Niche. And so now we have retail stores like Victoria Secrets and Starbucks who have created a Niche.
Well, the Mortgage and Real Estate industries are no different. Right now, the Mortgage Companies and LO's that are having success are the ones that are knowledgeable in FHA products, VA loans, Jumbo Mortgages and Small Commercial to name a few. More importantly, they have Marketing Systems in place that promote themselves as experts on these particular products and programs. These Marketing Systems then create streams of revenue by focusing on relationships with different groups. It is there that they have created a Niche. They have carved out a segment of the population who they want to have a relationship with. Don't confuse products and programs with a Niche. Because look... we all know the Mortgage Professional who knows their products and programs inside and out but, doesn't have any business. Their pipeline is empty! They don't know when they will get another paycheck. They don't even know where their next deal is coming from. They spend 80% or more of their time physically doing the loan and 20% or less of their time marketing. This should not be so.
It should be the other way around. What does all of this have to do with FSBO Marketing? Everything! Here's why. It's not marketing, unless it's measurable. Unless you know where your home buyer leads are coming from. Unless you know how many home buyer leads will be there each week and each month. Unless you know how many of those leads it takes to convert or close a loan. Unless you know approximately how much you will make on each file... it's not marketing. So, a Niche is a group? A group of people that YOU want to have a RELATIONSHIP with. FSBO Marketing is more than just putting a sign in the yard that has a call capture number on it. It's about helping a home seller market their property. That FSBO, who YOU have built a RELATIONSHIP with... will soon become a HOME BUYER. And guess who will be in the front of their mind when it comes time to get a new house and mortgage? Is that why you call FSBO Marketing - The Dream Niche for Mortgage Brokers? Well, before I answer that, let me say this. I feel that every Mortgage Professional should be marketing to at least 4 - 5 groups of people. That's right! That way if one income stream dries up do to the market conditions - you still have 3 - 4 groups bringing you in income. Here are some ideas of groups that you may want to consider marketing to.
FSBO's, Realtors, First Time Home Buyers, Veterans, Military People, Newlyweds, Accountants and Financial Planners.
I personally market to Realtors all the time, because they touch about 80% of the market. To ignore this group would be marketing suicide. So, now let me tell you why I think FSBO Marketing is The Dream Niche for Mortgage Brokers. It is because YOU will be maximizing your marketing efforts by essentially working with 3 groups at once. Buyers Agents, because you now have the qualified home buyers... the home Seller, who will become a Buyer... and First Time Home Buyers. I have found that most buyers that look at FSBO's are First Time Home Buyers looking for that fantastic deal. Oh, and there's one other reason why it's the Dream Niche! My partner and I were just talking about it this very thing this morning. It's the fact that FSBO Marketing is one of the fastest ways to grow your database. I will have to talk more about that some other time. Until then, Niche!
Jim Eggers is an Author and the National Sales / Marketing Director for ByOwner247.com. He and his partner Chris Clements are FSBO Marketing Experts. They provide Mortgage Originators and Realtors with all the tools necessary to be successful at FSBO (For Sale By Owner) Marketing. You can get more information by going to http://www.UltimateFSBOMarketing.com or you may contact Jim directly at 239-878-7873 or by email at jim@ByOwner247.com
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Labels: FSBO Marketing, The Dream Niche For Mortgage Brokers
Flat Rate MLS - Using a Flat Rate MLS Service Will Save You Thousands of Dollars
In order to sell your home quickly (or at all) you need to make sure it is positioned in such a way that it will be seen by as many buyers as possible. In order to do this your house must be listed in MLS (multiple listing service). One of the easiest and cheapest ways to do this is to go with a flat rate MLS service. There are several distinct advantages to using a flat rate MLS service over the more traditional methods.
First though, you need to understand how the MLS system works. A multiple listing service is basically an online compilation of property available for a specific region. Any home that is being sold through a realtor will be listed in that region's MLS. And, realtors are only going to show homes to their buying customers that are listed in their region's MLS. Therefore, if you want your house to sell you must be listed in MLS.
Unfortunately, the only way to get listed in MLS is by hiring the services of a real estate agent. You either have the choice of paying the real estate agent a percentage of the sale price or going with a flat rate MLS service that is going to allow you to pay a one time flat fee to get your house listed in your region's MLS.
Since most real estate agents charge 6% of the sale price in order to sell your home, the savings can be rather substantial when you go with a flat rate MLS listing service instead. Take for example a home listed at $300,000. When that home sells, the seller is going to pay his real estate agent $18,000 in real estate commissions. If you use a flat rate MLS listing service, however, you can get your house listed for only a few hundred dollars. Of course, if the buyer brings their own real estate agent you must still pay that agent their half of the commission (which is 3%), but that's still a savings of almost $9,000. Plus many flat rate MLS services even provide extras such as lockboxes, "for sale" signs, and contract forms. So if you want to sell your home on your own and you actually want your house to sell, research some of your local realtors that offer a flat fee service.
If you want to get your house listed in the Mid-Florida Regional MLS using a flat rate MLS service then make sure to call Tanya Waxler from uKeepCommission Real Estate. Tanya offers the best flat rate service and pricing anywhere and includes lockboxes, "for sale" signs, and all contract forms. For more information on how Tanya Waxler and uKeepCommission Real Estate can save you thousands of dollars visit http://www.uKeepCommission.com or call 941-465-9207.
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