5 Tips for Selling Your Own Home

According to the National Association of Realtors, about 12% of home sellers decided to sell their homes without the help of a real estate agent. Since these figures do not include those sellers that put their homes on home listing databases, the percent is actually a bit closer to 21%.

Despite the large percentage of home owners that are deciding to sell their homes on their own, however, many choosing to sell their own homes are struggling a bit in our current economy. Just a few years ago, For Sale By Owner homes were practically selling overnight. Today’s sellers, however, have to work a little hard to get their homes to sell. If you are trying to sell your home in today’s market, these five simple tips are sure to help.

Tip #1: Determine the Right Price

If the price you are asking is far more than the value of the home, you certainly will never find a buyer. Therefore, it is important to do your homework and determine the proper price for your home. During this step of the process, you might want to consult with a real estate agent in order to learn the prices of homes in your area that are similar to yours.

Tip #2: Place Your Home on MLS

In the past, selling your home without a real estate agent was as easy as putting a sign in your yard and an ad in the newspaper. In today’s market, you are going to have to cast your net a little further. By placing your home in an MLS, you will be able to reach more potential buyers and increase your chances of selling your home.

Tip #3: Stage the House Before Showing It

When you sell your home, you need to see it through the eyes of the buyer. It can be difficult to separate yourself from your home, so you may want to get the help of a friend that isn’t afraid to be honest with you about what needs to be changed in your home. Make sure your home is clutter-free and smells fresh. Complete any necessary repairs and make certain every room is designed in the way that is intended.

Tip #4: Choose Renovations Wisely

While making some renovations to your home can really give its value a boost, going overboard can coast you more than you get back in return. Bathrooms and kitchens are good places to make renovations. Landscaping can also go a long way toward increasing the home’s value and can be done fairly cheaply when you do it yourself. In addition, it will increase the curb appeal of your home, which will help draw in potential buyers.

Tip #5: Do Your Research

Before you get involved in selling your home yourself, make certain you are fully aware of what you are getting involved with. Selling your home on your own can be a time consuming process. Also, be prepared to hire a real estate lawyer once you have a serious buyer. This way, you can be certain you are following the proper legal procedures.


About the Author:

Shannon Kietzman is a well known author and trusted resource. Shannon regularly writes for http://www.byownermls.com/, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner (FSBO). For more information, please visit http://www.byownermls.com/.