When you list your home for sale, the goal is to sell it as quickly as possible and for as much money as possible. If you’re preparing for a home sale right now, then you don’t have to do much when it comes time to register it. This will ensure there are no unnecessary delays and will help take away a lot of the stress that home sales usually bring.
1. Pay for a Formal Inspection – If you are going to create a to-do list, it may also cover the main issues that need to be addressed. You may have to take care of these things before closing a home sale, so there’s no point waiting until you’re in the middle of a sale to find out what the inspector will flag.
2. Address Improvements – If you start preparing now, you shouldn’t have to make any corrections when it’s time to register. So check it out and make a list of how many window screens you need to fix and which cabinet doors need a little TLC to get them back on track.
3. Consider Upgrades – If your competitors tend to have modern kitchens and spa-like master bathrooms, you may want to consider renovating if needed. If you don’t have the budget to completely renovate then do some upgrades with new paint and new hardware and lighting.
4. Invest in Home Guarantees – If you’re scratching your head and saying you didn’t know such a thing existed, you’re not alone. Surprisingly, many people are unfamiliar with home guarantees, but they can be very helpful. Instead of spending your day off calling around to compare prices and availability, technicians, plumbers, etc. pay a small co-pay and your warranty will handle all of this for you.
5. Choose an Agent – Choosing an agent is such an important part of the home selling process, that it’s surprising that so many people jump right in and hire the first person they talk to. When you prepare ahead of time, you shouldn’t feel rushed to make this important decision.
Waiting until the last minute to deal with everything on this home sale list will only bring chaos and stress to your schedule. Make a to-do list, do the checks, and take your time to hire the right realtor for the best selling home experience.
Benefits of FSBO for Sale by Home Owner for Sale
One of the most transparent benefits of FSBO home sales for many homeowners is putting up a ‘For Sale By Owner’ sign on their front page saying they may have control over the sale of their home. However, what are the benefits of selling an FSBO home, and how do you do it.
While not a ‘profit’, one of the first things to keep in mind when thinking about selling an FSBO home is that no matter where you are, the whole task may seem a little daunting and complicated. Adding to the complication is the fact that not only are there all kinds of required legal forms (if you’ve ever bought a home, you know what I mean), but those requirements can vary from state to state. A California home sale ‘for sale by owner’ may differ from a Texas FSBO transaction.
You may be wondering that; if going the ‘for sale by owner’ route is so complicated and messy, why would I include this comment in an article for someone considering putting their home in an ‘for sale by owner’ offer?
Well, let’s talk about those benefits.
1. FSBO kits – Despite the potential complexity, there are many companies that offer so-called FSBO kits. Depending on the company, this kit will provide homeowners with a legal form of FSBO, and hopefully some guidance on preparing and filing ‘for sale by owners’ documents.
However, be aware that FSBO kits can range from just a basic or the most common form with some instructions on how to fill it out and where to apply, to very complete FSBO kits that include ALL the required legal forms, instructions on how to fill them out, at where to send it, instructions on how to get your home ready for sale, how to effectively advertise your home for sale, and, in some cases, contact with listing services that will help put the home in front of potential buyers.
2. Growing Public Acceptance of the FSBO Process – A few years ago, most buyers would have been wary of homes with an FSBO sign on the front page. However, as more and more homeowners opt for this type of home sale, not only are more and more people actually looking for the signs, but a whole industry of props seems to have sprung up to help homeowners who have decided to try the ‘for sale by owner route. ‘. Newspapers offer advertising and mentoring packages, for example, and even some realtors have jumped on the bandwagon by offering help and guidance to homeowners — for a fee, of course.
3. Desire to Control the Home Selling Process – I already mentioned this in the opening paragraph. Many people just want to have control over the process and not feel that they are pawns in the hands of real estate agents.
Also, some people want to be involved in showing the house, explaining its values and even simple things like ‘what a nice next door neighbor’ to potential buyers. Some feel that this more personal approach can do more to sell the home than the realtor comments on how the owner mentions that it is a great neighborhood to live in.
4. Saves Real Estate Commissions and Fees – I’m saving this for last, just because I know you want to see it first! In fact, I don’t necessarily think of savings as the main reason EVERYONE chooses to go with an FSBO home sale, but it certainly is a major factor for most home sellers. On the other hand, many of us only believe that we don’t mind paying if we know what we’re paying for. When a realtor walks away with a big commission, we often wonder what he did to get it.
While ‘sold by owner’ will most often offer savings, from small to large, many of us are just happy to know where our money is going. While there is almost no concrete way to measure how much money is actually saved in an FSBO home sale, there are almost always savings, if the process is done correctly and efficiently.
For most, selling a FSBO home will be a rewarding experience if done right. If you’re not an experienced home salesman, perhaps the best way to be successful is to do your homework and get the best FSBO kit you can find.