Archive for the 'For Sale By Owner' category

Self Marketing Your Home

By Guest Author M Peterson

Deciding to sell your home yourself is a big undertaking. Not only will you have to do the usual preparations that any home seller has to do, but you will have to take up the mantle of a realtor. This is something that a home seller can do quite easily if they are prepared for the task. One of the most important things that a FSBO seller has to do is try to advertise and market their home enough to attain the necessary attention and interest. The question is, what is the best way to go about this? There are a lot of marketing strategies that are usually open to a realtor due to their affiliation with a major brokerage, with major cash.

The first thing that a FSBO seller should do is get their home listed on the local MLS service. Another good thing to do is to find a FSBO website that operates in your area or nationally and get your home listed on that site as well. Then get a sign in the yard and start to explore the marketing options that are available locally. For coverage outside your immediate area you will have to rely on the websites and perhaps newspaper ads if you so choose. These are a great idea as a lot of homes are listed and noticed in the newspapers. Try to have your home listed in as many papers as possible. This is something that you will likely have to keep current for quite some time if the home does not sell immediately.

Finally, be ready to show your home anytime, and with little notice. When using a realtor, viewings will usually be arranged ahead of time, but when selling yourself flexibility is the key. This will mean that you have to keep your home in tip-top shape all the time. It may seem like a big chore but the end result is definitely worth the effort. There is nothing quite like selling your own home and seeing a great profit without having to pay a big chunk of that profit to a realtor.

Michael Peterson is a representative of RentalProperties.ca the one stop site for locating rental properties in Canada. Contact us anytime or visit us at http://www.rentalproperties.ca

Article Source: http://EzineArticles.com/?expert=M_Peterson

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota

For Sale By Owner Tips

Curb Appeal: Tips to Dress Your Home for a Quick Sale

By Guest Author Brandon L. BoycePricing a property properly and using a good REALTOR® are important factors in selling your house quickly and maximizing your profits, but ultimately the most important consideration in selling your home is curb appeal.

What’s curb appeal? Curb appeal is a synonym for how eye-catching your home is from the street. Making the right exterior decor choices and performing the right type of repairs can give your home curb appeal that causes buyers to stare in awe when they arrive. Even more lucrative, making the right type of “finishing touches” can add plenty to the sales price of your home.

Go out to the road and walk past your home. What catches your attention? The dirty windows? The pinestraw on the roof? The weeds in your planters? These are the items you want to take care of. Make a list of the things that catch your eye and stand out. Tackle the ones that can be remediated without a lot of expense and make the biggest difference in the curb appeal of your home.

  • Remove the clutter and debris from your yard. Lawn mowers, children’s toys, grills, flashing neon pink flamingo statues… you get the idea. Pickup any fallen branches and rake up leaves and pine needles.
  • Work on the landscaping. Purchase some inexpensive plants and flowers from Lowes, Home Depot or your local nursery and apply liberally. Don’t forget to put some type of mulch (clean pinestraw, cypress chips, rock, etc.). Mow the lawn and keep it neat throughout the period that your home is on the market. Sweep off the driveway and edge any concrete (driveway, walkways, patios) if necessary.
  • Don’t ignore the exterior of the house itself. If the wood surfaces such as lap siding or fascia and eaves are looking rough, now would be a good time to make a new friend who will give you a good discount on exterior painting. Replace any rotted wood on the exterior of the house — 9 times out of 10 you will need to replace it eventually in order for your buyer’s lender to extend financing on the house. An inexpensive feature that is often missing from many homes is decorative shutters. If they jive with the exterior style of your house, install them beside all of the front windows and any other windows that are visible from the street.
  • Check all “attachments” on the house such as front porches, patios, even things such as corner lights and landscaping lights. Make sure that everything is in good shape and working order.
  • If you happen to live on the water, make sure not to overlook your dock and related structures. Replace the styrofoam floatation pieces under a sagging floating dock, seal the planks on the surface with a decorative type sealant, etc. In many areas, interest in homes on the water is generated not only by people driving by on the road, but also by passing boaters on the lake or river. This is very important in coastal markets where recreational boating and fishing are dominant activities. In addition, worn out decking and rails may mislead prospective buyers into thinking that dock supports may be worn out also.

If you’ve gotten this far, you’ve got some serious curb appeal! Keep it up while your house is on the market and hopefully you’ll see a big payoff when the right person sees your home!

Article Source: http://www.articlerich.com

Brandon L. Boyce is a REALTOR® and licensed real property appraiser in Liberty County, Georgia with Islands Real Estate and Appraisal Company (www.islandsrealestate.net). He has been providing marketing and valuation services to property owners since 2001 and specializes in coastal and waterfront properties.

Sponsored by Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota

More on Curb Appeal

Top 5 Reasons For Sale By Owners Don’t Sell

By Guest Author Donald Lawson

As a home inspector, I get to see many mistakes by people selling their home without a real estate agent, commonly referred to as FSBO’s or For Sale By Owner. If you do your homework and research and have some financial sense, you can probably sell your own home. However, I see many people who fail when going this route.

Here’s why:

1. Pricing The Home Too High: Seems everyone thinks they live in a goldmine. The common misconception is that they will price it high so they can come down a little bit during negotiations. This has several problems related to it.

Here’s one. Many homebuyers are on a budget. Let’s say I’m looking for a home like yours in your neighborhood and most of the homes there that are comparable are in the 135k to 145k ranges. However, you have tile floors and stainless steel sinks along with a few other cosmetic improvements. You think your home is worth at least 147k. Tack on a few thousand more “so you can come off of the price during negotiations” and you start your home at 152k

As a homebuyer, the most I can spend is 145k. Although your home is what I’m looking for, you’re outside my price range so I won’t even bother to look at your house.

That’s just one example of how a too high price is going to hurt you. There are many, many more!

2. Letting Emotions Direct Your Actions: Many times this is the reason your home is priced too high. Remember, this is a business transaction. You have a product to sell, you need act accordingly.

3. Failing to Get Your Home Inspected Before Listing: I’ve seen FSBO’s go to great trouble and expense to get their home ready to sell only to find out from the potential Buyers Inspector that there are major structural, plumbing, electrical or mechanical issues with the home.

Depending on the severity of the problems, this probably cost you a Buyer and it means your home will be sitting on the market for a few more weeks or months.

National survey’s reveal that homes that have had pre-inspections sell faster with less hassle at closing. FSBO’s are no different.

4. Being a Jerk: I see this one more than you’d think. For some reason selling your home by yourself seems to give you a special excuse to be a jerk judging by the way some FSBO’s act.

Being unreasonable in your actions will drive away Buyers. No one likes a jerk!

I’ve seen FSBO’s make some of the most stupid request of Buyers like; one guy would only show his home on Sunday afternoons between 4 and 6 p.m. and you had to RSVP so he’d have you on his “list”. He wondered why no one was showing up at this home. I saw another FSBO that would not allow his home to be inspected without him, his attorney and his inspector being present. He also required each item to be brought up to him and his group before telling the Buyer. Needless to say, we didn’t inspect this home. Note: many state SOP’s require that you do not divulge information to anyone other than the Client.

It’s a fact of life, being a jerk cost you money. Not only in real life, but also when you go to sell your home!

5. Not Pre-qualifying Your Buyers: Letting any old Moe and Joe lock up your home while they try and get qualified can cost you Buyers if they fail to qualify for a loan. Require that all potential Buyers be pre-qualified!

Donald Lawson is a Houston Texas home inspector (Lic (#5824) and Oklahoma (#454). He currently owns and operates V.I.P. Home Inspections, a multi-inspector firm in Houston Texas. You can find out more by clicking here Houston Real Estate.

Article Source: http://EzineArticles.com/?expert=Donald_Lawson

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota

Home Staging Tricks that Will Help Sell your Home Fast

How to Sell Your Home by Owner

By Guest Author Andrew Hillman

Approximately twenty-percent of US home owners are interested in selling their home without the help of a traditional listing agent. These people are interested in saving money or pocketing the would be listing agents commission.

Selling By Owner is not easy. New FSBO websites are popping up all over the Internet on a daily basis making the FSBO website market fragmented. You also don’t get the visibility you need by listing on a For Sale by Owner site. Pick the most popular FSBO website and you will see that you will not get the exposure needed to sell your house for the highest amount.

Traditionally, sellers have had two options to explore when selling their property: Seller’s could market their property on there own, limiting exposure and usually resulting in a longer time on market, or Seller’s could list their property with a local real estate agency; paying upwards of 5-6% of the purchase price for listing and selling.

Now, there is a third option. This option is called MLS Entry Only, also known as a Flat Fee MLS listing. By selling via Flat Fee MLS listing service seller’s now have the opportunity to market their home without having to pay outrageous listing fees. Pay a flat fee and get your home listed in your local MLS.

By selling your home in this manner your home will receive the same amount of exposure as if you were selling with a traditional listing agent. MLS is the most reliable marketing machine for real estate. This is how agents sell properties. Your home will be viewed by thousands of buyers.

If an agent brings you a buyer you only need to compensate them half of what you would normally would pay a listing agent to market your home. If a buyer finds you without the help of an agent you pay nothing.

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, MInnesota