5 essential tips on how to sell your house by owner (FSBO)
It’s time to move on. Put off by the eye-watering commissions that agents charge? It may be the moment to fly solo and learn the tricks of the trade yourself.
That means you could end up keeping more cash in your pocket after the sale. For sale by owner (FSOB) can be demanding, but a few tips could help you seal the deal.
Here’s how to sell your house by owner.
1. Get the Price Right
Take a look at recent sales of comparable homes in your area. This will give you a sense of where to price your home. Make sure you’re comparing like for like. This means checking the size and condition of the house you’re comparing yours with.
Use the Federal Housing Finance Agency’s HPI calculator to help refine your pricing. Set a list price that reflects your objectives and timeframe. If you can afford to wait for the right buyer, then set the price higher.
Learning how to sell your house quickly could be essential. If you need to be out of the house in a flash due to job relocation, you could price it to sell fast. You could also consider selling to a company that specializes in buying up properties.
2. Spruce up Your Home
This doesn’t need to break the bank. Small touches go a long way. Repainting the front door and adding some potted plants at the entrance create a great first impression. Give your yard some real curb appeal. Make sure it’s clean and neat.
Declare a decluttering campaign throughout the house. Give the home a deep clean too. Bringing in the professionals could be a good investment here.
Take a step back and be objective. Repaint any tired interior walls in neutral colors. Carry out small repairs. New faucets and adding a few rugs may also help. It’s all about appearance.
3. Create a Profile for Your House
Gather together all the relevant information about your home and flag up its best points in a written description. Stage your home and get some great photos taken of all its best parts on a sunny day. Create a video tour of your property.
4. Advertise Online
There’s a small online industry out there to help FSOB sellers. Some services will advertise your property in magazines and on websites for a fraction of the cost an agent might charge.
Use your social media network for greater reach. You may also be able to find specialist groups on social media sites to give your home a further push in order to find the right buyer.
5. Have a Sign
After the internet, a ‘For Sale’ sign is one of the most effective tools for attracting buyers. Make sure it’s as near to the road as possible. It needs to be unobstructed for maximum visibility.
Ensure the sign displays a phone number and email address that’s easy to read.
Knowing How to Sell Your House by Owner
There are three main things to remember when learning how to sell your house by owner. These are price, dressing your home and advertising. Get these right and you’ll soon be home and dry.
Continue reading more home-related articles on our site for even more tips and tricks in your old and new home.