A guide to selling your own home

Selling your own home involves many aspects which include handling the financing, writing the contracts and the ability to advertise and promote your home. Many homeowners will eventually list with an estate agent, as the process is both time consuming and possibly full of legal problems. In order to sell your home properly, the home must be prepared and in an immaculate condition. Read more on how to sell your home by owner.

Selling your own home privately

In order to sell your own house privately, you must do some basic preparations. First, you will want to think about where you want to advertise your home. Placing a simple sign in your yard will bring notice to the neighbours, but they will not buy your home, unless it is priced ridiculously low. You must either put your home online in a real estate portal which has high volume, or advertise it in the local newspaper. Newspaper advertising can add in price. So, you will want to limit your ads to when most people read them and look for the best deals. You can also advertise your home at grocery store billboards, free newspaper ads in local free papers and distribute flyers to all the estate agencies in your area. Keep in mind that many estate agents will contact you hoping to get your listing. Never be rude, but try to get as much information out of them as possible. You will need to learn how to fill out a sales contract, and you may find an agent who will be willing to teach you for free.

Preparing your house for sale

When you have your house on sale, you must price your home cheaper than the competition. You must give people a reason to buy. Cash buyers never pay full price and will want a discount. Before long, you may wish that you had an estate agent to represent you with all these deductions. You must now make sure that your home is immaculately clean. Manicure the lawns, paint all the wall inside and check to see if any of the carpets need cleaning or replacing. Worn carpets will reduce the price. Both kitchens and baths should be staged and very clean.

Financing your home

Before you find someone to buy your home, you will need to learn about financing. Cash buyers are rare unless you have a low price on your home. Talk to local banks about the programmes that they are offering, and then get a mortgage broker to give you some business cards to pass out to your potential buyers. A home deal can never close with a person who cannot qualify for a loan.