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Five Things You Should Know Before Starting the For Sales by Owner Process.

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Presentation on theme: "Five Things You Should Know Before Starting the For Sales by Owner Process."— Presentation transcript:

1 Five Things You Should Know Before Starting the For Sales by Owner Process

2 There are five things everyone should do before starting their For Sale by Owner (FSBO) project.For Sale by Owner (FSBO) Prepping The Property Setting The Price Like A Pro Learning The Basics Of Real Estate Marketing Knowing When To Hire Professionals For Help Preparing For Closing Five Things You Should Know Before Starting the For Sales by Owner Process #forsalebyowner

3 The first step to placing a home for sale is making sure the house is ready to hit the market. First impressions are the only impression in the real estate industry, so everything about your home has to look professional. Prepping The Property #homeforsale

4 Prepping The Property The key step to making your home look desirable is ensuring a thorough cleaning of all areas of the house. After the deep cleaning, your home should be clutter and odor free before you put up the first for sale sign. #cleaningyourhome

5 Setting The Price Like A Pro Pricing is the next thing you will need to get right the first time. Potential buyers will be discouraged if the price is too high and will skip viewing the home. Overpriced homes have fewer people lining up to look at them. #potentialbuyers

6 Setting The Price Like A Pro One of the most reliable ways to properly price your home is by finding out the recent sales price of other homes in your area. You can talk to other sellers, check the newspaper, or contact buyers who have recently moved to the area. Pricing your home between 5 and 10 percent higher than your researched amount should net you an appropriate sum.. #priceyourhome

7 Learning The Basics Of Real Estate Marketing It's important to know how to get people to notice that your house is for sale. Typically, real estate agents and brokers would advertise the home on your behalf, but if you are doing a For Sale by Owner transaction, you will be responsible for creating interest in your property.real estate agents #realestateagents

8 Some markets allow FSBO transactions to be listed on the site for a nominal feeFSBO If an agent finds a buyer for your home using the service, then you could be asked to pay their commission, so proceed according to your financial plan and budget with this in mind. Learning The Basics Of Real Estate Marketing #FSBO

9 Those selling a home in today's world of regulations and paperwork will appreciate the addition of a few knowledgeable professionals to help with some parts of their transaction. A FSBO transaction doesn't have to proceed without some professional assistance. If you find that you are overwhelmed or unclear on the specifics of a particular step in the process, then don't delay in seeking out professional advice. Knowing When To Hire Professionals For Help #sellingahome

10 Those selling a house without the help of a real estate agent need to familiarize themselves with the requirements for closing a housing transaction in Plano, TX. Each state has specific requirements regarding what must be done before the home is considered purchased. Preparing For Closing #sellingahouse

11 Preparing For Closing Before starting the For Sale by Owner process, make sure you understand all that will be required of you. In some areas an attorney is required, but others will allow a title company to process the paperwork. Real estate agents have contacts in the industry, and they can ensure that you have a trusted professional managing your closing. #forsalebyowner

12 HFMA Contact HFMA Agents Today ! FIND ME AN AGENT FOR SELLING & BUYING


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