It is possible to sell my home privately and profitably without the help of an agent or broker with some preparation and efforts. This way I can save a lot of money and have full control over the process. I will have to equip myself with the knowledge about the laws, regulations and have some negotiation skills. All this can be achieved by researching on the internet where tips, suggestions are available in plenty.

Marketing my home

I can have a ‘For Sale’ sing board placed in front of your house to announce that your house is on sale. This sing board can also be placed in strategic points in your locality so that people living in the neighbourhood will notice it. They can spread the word about the house on sale to others who may be interested.

Pricing

Having decided to sell I can get the valuation of your house done by a licensed professional. The cost of hiring is really worth as you may save yourself from the loss by either under pricing or overpricing it.  I will advertise my house for a certain price and when the buyer is ready to buy and tries to obtain a home loan, the lender will do the valuation of the house. If they value the home below the agreed price, the buyer will either ask for the appraised price or will refuse to buy.  So it is very important to decide on a realistic asking price allowing for some negotiation.  If will lose by pricing it too low as buyers may doubt if something is wrong with the house. Too high a price will make buyers stay away. This will result in further loss as the house will sit on the market for too long causing you to incur the expenditure towards its taxes and other bills and much more.  So the right pricing is the only way to achieve a quick and profitable home sale.

Paperwork

Having decided to sell my home privately I will make sure to keep all the relevant paperwork ready so that the buyer will be convinced that there are no pending bills on the house and the house is cleared by various authorities:

• I will keep the electricity, water, sewer and other bills and the tax reports up to date, mortgage and insurance payments reports ready to show to the buyer
• Any declaration and deed restrictions on the house
• Papers relating to repairs done to major appliances in the building
• Inspection report on pest and other environment issues
• Arrange for the transfer of taxes and financial requirements, payment options

Home inspection

When showing my home around to potential buyers I will keep the children and pets away to avoid any distraction. Highlighting the positive aspects of the house and answering questions convincingly are also important.

Hiring a solicitor

I will hire the services of a real estate attorney or solicitor to make sure all the legalities are followed to sell my home privately.