How To Sell You Home Yourself

By: Diane Hissem
Submitted: 2007-01-17 16:16:36
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1. Place an ad in your local newspaper. Always include the area of town, the price, number of bedrooms and bathrooms. These are the most important considerations for a buyer.

2. Consider an ad in local publications such as Homes magazines.

3.Design a flyer or brochure for your property. A photo and description of the home is important.

4.Know your current annual property taxes and homeowners insurance premium amounts. Know if they are paid from an escrow account of by some other method.

5.Know at least three different methods available to finance the sale of your home. Assumable loan, seller financing, adjustable rate loan FHA loan, VA loan and fixed rate loan are good examples. Buyers want to know the total cash down payment, closing costs and monthly payment.

6.What are the current interest rates and fees on fixed rates and adjustable rate loans?

7.Consider having an appraisal done on your home to determine the current market value. Buyers typically will offer less than you are asking because they know a savings of the commission is often built into the price. You are trying to save the commission and so are they.

8.When a prospective buyer visits your home, follow these guidelines:

9.Have all buyers pre-approved for financing. But remember that these days most mortgages brokers issue pre-approval letters and the transactions may not close. A loan is a complicated process and it is possible that in the last minute the deal can fall through.

10.Set appointments at their convenience.

11.Always prepare the home before it is shown, making sure that it is clean, even if you have to leave work to be ready for their visit.

12.Have your property brochures and flyers available.

13.Introduce yourself at the front door.

14.Let buyers tour the home with as much privacy as possible. Buyers feel uncomfortable making comments in your presence. When they complete the tour of your home ask them if they would like to go back for a second look.

15.Be prepared. Most people may not be that interested in your home. Buyers shop by comparison and there are usually a great number of homes for them to consider.

16.In the event you receive an offer from a buyer, have them put it in writing, including an earnest money deposit. Be prepared to pay a real estate attorney to review the legalities of such a contract.

Diane Hissem -- http://www.FortMyersHomesRus.com

I am a Realtor in Fort Myers, Florida.

Article source: Expert Articles

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