Today technology and internet have made it easy and convenient for you to sell your house privately saving thousands of dollars on agent’s commission. The concept of selling your house privately puts you in total control of the process. You need to invest your time and effort to study the current real estate market in your area, the prices, the steps involved in the process, negotiation, legal requirements etc. Alternatively, you can use the Conveyancing kit to complete the transaction. Remember that a lot of professional real estate agents are in the market so you should make sure to make your offer special.
Set the right price
Decide on a realistic price and do your homework and it will result in a profitable sale. A wrong price will either not sell the house or sell for less. The sold prices of some similar houses in your locality may give you some idea of how to price your house according to the age and condition and the amenities in it. An independent certified professional may help you to evaluate the price of your house. It is advisable to price your house 5 to 10 percent above the market price. It will be advantageous to know about financing to help buyers.
Listing on FSBO sites
Listing your property in the FSBO (For Sale by Owner) sites is a great idea for selling your house privately. You will hear from the potential buyers directly. These websites do not charge commission. Some may charge a fee for listing your house. You can display photographs or virtual tour of the house that will entice potential buyers. They offer tips on how to price your house and how to negotiate with potential buyers. The help of the experts from these sites are invaluable for selling your house privately. Your house is marketed by these sites proactively, consistently and professionally. Your privacy is protected while your house is marketed 24/7. You should maintain records of callers and be prepared with answers for their questions. Have the reports such as pest control report, mortgage and insurance payments, taxes and other utility bills like electricity, water and sewage bills ready to show to the potential buyers.
Prepare the house for sale
For selling your home privately, carry out repairs where it is required and repaint wherever necessary and also fix cracks and leaks. Create a good curb appeal to get a good first impression. Clean doors and windows, trim the bushes in the garden and mow the lawn. Remove clutter and make the driveway clean and inviting. Make sure to keep the pets and children away on the inspection day. Keep the TV, Radio etc switched off so that there is no distraction during the house inspection. Have a friend or neighbour to take a look at the house and use their feedback to improve the appearance of your house.
Negotiating an offer and Closing
When a potential home buyer makes an offer you have three days to consult your attorney to review the offer and at the end of this period you can amend or reject the offer. The offer will become a contact after you accept it and will be binding.