On My Own: Five Secrets to a Successful FSBO Home Sale

By: Jared Erni
Submitted: 2007-01-17 16:16:36
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

In the United States approximately twenty percent of home sellers complete For Sale By Owner (FSBO) transactions. For many people the cost of a real estate agent could be money well spent elsewhere and to succeed in the FSBO market using all of the tools and resources available to you is essential. Knowledge, planning and a long-term vision can mean the difference between a smooth, profitable sale and a confusing, frustrating and even costly mess. There are five basic secrets to making a For Sale By Owner situation work for you so write these down, print them out, keep them in a safe place even if you won’t use them until later.

Secret Number One: See the Future
If you decide that selling FSBO is for you, make sure you plan to stick with it for at least three months. It is easy to get discouraged or frustrated in the first few weeks and the temptation to quit will rear its ugly head. Take a deep breath and remind yourself that Rome wasn’t built in a day. Marketing and sales is time consuming and takes work; be patient and your investment will pay off.

Secret Number Two: Know Your Local Area
Research and become familiar with your local market conditions. Having an understanding of what is hot and what is not will help you make important decisions that affect the sale of your home. Read the local real estate columns, visit local and national real estate web sites and review commentaries from experts in the industry, ask friends and colleagues to tell you about personal experiences and look carefully at other properties in your own neighborhood.

Secret Number Three: Appearances Matter
Clean up the yard, clean the carpets and update the fixtures. Make sure the house looks its very best and highlight the areas of the home that make the strongest impression. In today’s real estate market, homeowners who place a high value on neatness and cleanliness are generally rewarded with a quicker sell and a higher price. The time and money you spend will save you both in the long run.

Secret Number Four: Know the Law
Although homeowners can complete almost every aspect of a real estate sale alone, it is always safer to hire a real estate attorney to review the legality of your property transaction. In many states, by law, a real estate attorney is required. Every home sale is different and unique. Your sale may call for the skills of a professional and when it comes to your finances “better safe than sorry” is a good rule to follow

Secret Number Five: Creative Marketing
Most FSBO home sellers use traditional marketing items such as yard signs and web listings, but adding some spice to your marketing plan always works. Creativity in this area always benefits a seller. The faster you can reach your perfect buyer the faster you can complete a successful real estate sale. Imagine all the possible ways you are going to find them. Consider posting an ad in the local paper or hang flyers in public places. Network with neighbors and friends and ask them to send emails and mention your property to their friends and associates. Word of mouth can often pay off more quickly than you expect.

FSBO opportunities can give you more freedom and make you more profitable if you aren’t afraid to do the work. For entrepreneurs who long to learn, execute and succeed individually the first complete real estate sale is a thrill. The confidence you build will lead to future accomplishments and the knowledge you acquire can be carried with you. For more information about FSBO and property listings in the Atlanta metropolitan area please visit my web site at http://www.LivingMetroAtlanta.com.

Jared Erni is the proud owner of http://www.LivingMetroAtlanta.com and an accomplished Business Management student at the University of Phoenix. His fresh, high-energy vision and passion for real estate makes Erni a natural leader in the FSBO industry. His ideas and suggestions will benefit both buyers and sellers alike in the Atlanta metropolitan FSBO market.

Article source: Expert Articles

Most Recent Articles in Real Estate FSBO category

  • Selling Your Home by Research and Repair - By: Sharon Samraj
    During the first few stages when trying to sell your house by yourself, this is considered to be critical because as planning means everything during the process. Those house owners who think that putting up a price tag on their house will get the property sold are sadly mistaken as everyone knows how the home selling market is today in the US.
  • What You Shouldn't Do If You Want To Stop Foreclosure - By: Sharon Samraj
    Firstly don't fail to build up some savings for any emergency, it doesn't matter it's for health or education or for anything; there are many needs and wants we face each hour. Every penny earned seems to have its flow determined before it reaches our hands.
  • Home Selling Errors That You Shouldn't Make! - By: Sharon Samraj
    Firstly the price of the property shouldn't be too high; it is obvious that the seller wants to make lot of money from his property. But the best way to sell a house quick is not fixing the price too high! Price that is too high will make some prospective buyers to lose their interests on your property even before seeing it.
  • Showing Your House to Attract Buyers - By: Sharon Samraj
    Your real estate broker will always let you know before he is bringing a buyer to your house for a showing. However, it's it is very important to keep your house neat and ready to be shown to potential buyers.
  • For Sale By Owner Listings - By: Tim OKeefe
    Selling your home on your own, without a Realtor, is becoming less and less popular. This is surprising, considering that home values have skyrocketed and commissions have risen along with them.The money to be saved can be significant enough to attempt to sell your home on your own.
  • A FSBO's Guide to Keeping It Safe When Selling Your Home - By: Michelle Annese
    Sellers need to keep their safety in mind when prospecting potential buyers. The real estate industry has seen a problematic climb in assaults towards realtors, and so is the concern for those who are selling their own homes.Here are just seven ways designed specifically to protect you, your family, and your home, from being victimized:1. Fully screen callers before allowing them an appointment for seeing your home.
  • NAR(r) Broker Will Swear It - Real Pro' Agents Share It - FSBO "Truth" - By: Russ Miles
    For posting the "Truth" on your website, some FSBO’s will not like you. These prospects would not have listed with you anyway. For Sale By Owners – that can receive sound advice – will appreciate your courage, celebrating by having listed their home with you.
  • Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own! - By: Lawrence Allen
    In the United States, less than 10% of all For Sale by Owners (FSBOs), are successful in selling their home by themselves. That*s because most people just give up because they don*t realize from the beginning the difficulty and complexity of the job ahead. But that*s not the only reason.
  • Real Estate Investing - FSBOs vs. Agent Listings? - By: Dr.Phil Speer
    Many would-be real estate investing professionals face discouragement because of the assumption that acquisitions require deep-pockets. Some even believe the myth that nothing-down purchases are impossible.The early 1980s era in real estate investing known as the Zero Down Real Estate Movement was initiated by Robert Allen with his best-seller, "Nothing Down.
  • FSBO - Selling Your Home FSBO (for sale by owner) - Is It Worth It? - By: Marc Sisk
    FSBO, what is it? FSBO means For Sale by Owner, and it’s a term that’s generally referred to when you’re selling your home without soliciting help from a Realtor.FSBO, what’s the benefit to you?