Preparing to Sell Your
Home
Making the Commitment to Sell by Owner
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Preparing
to sell FSBO takes more than just getting the home ready; YOU
need to get ready.
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Recognize
that if you are to be successful, you must understand the process
and develop realistic expectations.
Be unemotional about the sale.
Your home has meant a lot to you over the years but your buyer is
not looking at the purchase through your eyes. Once you decide to
sell your home, it simply becomes a business transaction and you
must take the emotion out of it.
Here are a few of the "Must Do's" that have been suggested
by many successful FSBO's over the years.
- Educate yourself on how long
similar homes in your area are on the market before they sell.
You must be realistic or you can become prematurely disillusioned
when you think your house should sell in a matter of days, when
in fact the market dictates that it will take two to three months.
If you should sell sooner than expected, wonderful.
- Price the home at its true market
value, not what you just think it's worth. Pricing should be based
on market conditions, not emotion.
- Prepare to spend some money on advertising.
You must let the market know your home is for sale.
- Understand that you will spend time
answering phone calls, setting appointments and showing the home.
Your rewards are well worth it.
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Be prepared to handle
real estate agents; you may hear a lot of negatives from them.
Know ahead of time whether or not, and to what extent, you will
cooperate with agents. Remember, it's their job to talk you
into listing your home because they want a commission... and
paying them a commission is exactly what you're trying to avoid.
You must recognize that the successful sale
of your home depends on you.
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