Wednesday 17 September 2008

Valuable Tips & Tricks on Selling Your Own Home

Home selling tips are everywhere – some suggesting things you might never thought of, some are general ones you’re likely to find everywhere. But just because they’re common doesn’t mean we should stop making them. Here are some home selling tips of our own:

· When putting out your advertisement, never use the words "asking" or "negotiable" with your selling price. This will only make it seem like you’re not sure of the value of your home. Why bother setting the price in the first place if further negotiation is likely to change it anyways?

· When preparing your house, try to look at it from the buyer’s point of view. Would you want to buy a house like your own?

· Unless you’re sure you’re up to the challenge, hire a good agent and attorney to do the home selling for you. It may cost more, but it can save you a lot of pain.

· Make sure you have a full Multiple Listing Service coverage – this is a powerful tip to remember. Multiple Listing Service is the strongest selling tool for your home. Some people would not even advise you to check for any offers before you see you home on MLS!

· Home showings through an open house is a good idea, especially if you live in a small town.

· Getting your clutter out of the way will not only improve the home showings, but also makes it easier for you to pack your things

· Finish off whatever new constructions you’re applying with your house. No buyers would want to finish what the seller left off!

· When negotiating with the buyer, throw your bad mood away. It’s hard to discuss price when you’re still upset about the buyer’s plans to cut down the tree you love. Maintain an interactive discussion and build up trust. Even if the offer doesn’t work out, keep up a good impression.

· Don’t let buyers’ offers sway you – consult with your attorney about the price offered. Usually there’s a period of three days for you to accept or reject an offer. Also be prepared for home inspections, as usually this happens during this stage of the home selling process.

· Make sure you have every legal issues covered before you even think about handing your house over. Does your state law require you to give property disclosures to potential buyers? It’s always a good idea to invest in a good attorney to help you.

· An attorney also come in handy for helping you make the contract form. Selling your own home requires a contract that would both protect you and the buyer – think about the buyer deposit and the local estate laws.

· A useful but normally disregarded tip in selling your own home is make sure you pick out the best picture to put in the advertisements. Like humans, not all houses are “photogenic”, so pick out the best angle that still represents what your house has to offer.

· Something the agents have and you don’t is experience, especially in observing buyers. The large amount of potential buyers coming to your house should not convince you that everyone can finance for a house. If you’re selling a house on your own, more buyers will come in hope of a more flexible negotiation – check them all. Ask if they’re able to buy your house immediately, or do they need to sell their own house first.

· Cleaning and preparing your house for home showings is only a part of your effort. Some potential buyers love to do drive-bys, and rely on that first impression. Make sure your lawn and the front part of your house is well maintained. If your curb appeal is low, clients are reluctant to see what’s inside.
These tips on selling your own home came from people who managed to sell their house successfully. There’s a lot to consider before you take every next step, so take your time. And remember, it’s useless to do the selling on your own if the revenue taken from not hiring an agent is spent heavily on fixing your own mistakes!

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Like I said in the beginning of the article: home selling tips are endless, when you start looking for them. Choose only the tips that would best suit your needs and capacity. And if you still haven’t found one, chances are you’ll find it soon.


Copyright © Anne-Marie Ronsen
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1 comment:

Unknown said...

When putting out your advertisement, never use the words "asking" or "negotiable" with your selling price. This will only make it seem like you’re not sure of the value of your home. Why bother setting the price in the first place if further negotiation is likely to change it anyways:
When preparing your house, try to look at it from the buyer’s point of view. Would you want to buy a house like your own?
Unless you’re sure you’re up to the challenge, hire a good agent and attorney to do the home selling for you. It may cost more, but it can save you a lot of pain.
Make sure you have a full Multiple Listing Service coverage – this is a powerful tip to remember. Multiple Listing Service is the strongest selling tool for your home. Some people would not even advise you to check for any offers before you see you home on MLS!
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