More and more home owners decide to sell home privately as the cost of selling has hit the roof and the broker’s commission runs into thousands of dollars. It can go up to 6 or 7 percent of the sale value of your home. You need not deal with agents and can have full control over the selling process in addition to saving time and money. Having decided to sell home privately, you should set a realistic asking price for your home.  For this you should do some research on the internet to find quotes of similar homes in your area and compare the features and prices with your home.  Some agents offer value analysis of homes which can act as a guide for you to set the right price for your home.  Better still, you can hire a certified professional to value your property so that you get an accurate figure and set your asking price accordingly.  This will also save you trouble when your price is found higher than what is determined by the appraisal of the buyer’s lender. You may end up losing a buyer by setting the wrong price for your home.

There are many ways of marketing to sell home privately.  Most houses are bought by the people living in the same locality.  So it is very important to get the word out about your house being on sale to the local population first. You can spread the word through your neighbours and friends and have them take a look at your house and tell them the price.  You can also have a sign board in front of your home to catch the eyes of passers-by who may be looking for a home to buy. You can also distribute flyers with photographs and details of the house in the neighbourhood.  The other way to spread the word is to send postcards to your colleagues and business associates.  

You should meticulously keep records of callers and answer their questions when they call.  Learn some negotiation skills to handle potential buyers’ comments and objections.  Keep reports such as pest control report, mortgage payments, insurance payments, taxes, repairs to major appliances, and other utility bills such as electricity, water and sewage bills ready to show to the potential buyers. This can make an impression in their minds about the house’s good condition and will help in deciding the exact price.

You can also list your property in the sites dedicated to FSBO (For Sale by Owner) if you want to sell home privately. You will be connected to the potential buyers directly. These sites do not charge any commission but a small fee for listing your home which will stay there till it is sold.  They also allow you to upload photographs of your property.  You can also have a virtual tour of the house in some sites. You can get tips, advice and any other help form the experts from these sites to sell home privately. When accepting an offer, always ask the buyer to make it in writing. You can have a solicitor or conveyancer to handle the paperwork of the home sale.  This can ensure that all the procedures and legal requirements are followed when you sell home privately.