For Sale by Owner: How to Sell Your Own Home
Can You Sell Your Home Without an Agent in Florida?
You might be wondering if you can successfully sell your home without an agent. Well, it isn’t out of the question, but it does come with some drawbacks.
Did you know?
- Only 11% of sellers actually succeed at selling their own home
- For sale by owner homes sell for about 26% less on average than agented properties
To sell your home without the necessary experience or connections to the industry can be costly, labor-intensive, and challenging. However, it is possible with the proper preparation.
Be Prepared For Phone Calls From Other Real Estate Agents
When your new shiny for sale by owner goes up, it is a huge signal for every real estate agent in the area to call you and try to sell you their services.
It can be frustrating when the phone rings and it is not a potential buyer. Those agents will tell you that it is impossible to sell your home alone.
However, this simply is not true. But, it is going to be harder.
Don’t let a lack of information keep you from attracting qualified buyers.
Successfully sell your home yourself with the help of these 10 tips.
- Price it right
- Prepare your home for sale
- Prepare yourself with all necessary legal documentation
- Market your home effectively
- Remain objective during a showing of your home
- Pre-Qualify your prospects
- Negotiate effectively & knowledgeably
- Know your buyer
- Don’t move out before you sell
- Know why you’re selling and keep it to yourself
For more detailed instructions on how to sell your own home, we encourage you to access the report mentioned above. Still not 100% sure if this is the right decision for you?
We can help!
Continue Reading the full report below…….
How to Sell Your Home without an Agent and
Save the Commission!
The key is to be properly prepared. If you are not, your home could remain on the market longer than you expect because you are not attracting and getting offers from qualified buyers. This can be a point where many homeowners become frustrated and consider giving up their dream of selling their homes themselves.
10 FSBO Insider Tips
1. Price it Right
2. Prepare Your Home for Sale
3. Prepare Yourself With All Necessary Legal Documentation
- Mortgage Payoff
- Loan Application
- Escrow Deposit Receipt
- Property Profile Fact Sheet
- Buyer’s Cost Sheet
- Closing & Settlement
- Personal Property
- Exclusion List
- Property Survey
- Sellers Disclosure Statement
- Plot Plan of Representation
4. Market Your Home Effectively
Beyond the sign you will put on your lawn, you should find effective ways to spread the word about your home. Local buyers can be reached through the newspaper, but this is only a small part of the market you are after.
5. Remain Objective During a Showing of Your Home
Keep emotion out of the sale of your home, and the best way to do this during a showing is to remain physically in the background.
If a prospective buyer says something negative about your home, it is better to counter-balance this point of view by illustrating the positives rather than becoming defensive.
6. Pre-Qualify Your Prospects
Don’t waste your time entertaining buyers who could never afford your home. Research their financial steadiness with respect to job security, salary, debts, liabilities, and credit standing.
7. Negotiate Effectively & Knowledgeably
8 . Know Your Buyer
Your objective during negotiations is to control the pace and set the duration. Try to determine what your buyer’s motivation is. Does he or she need to move quickly? Do they have enough money to pay your asking price?
Knowing this information will give you an advantage in the negotiation because you will know up front, what you will need to do in order to get what you want.
9. Don’t Move Out Before You Sell
Studies have shown that it is more difficult to sell a home that is vacant. It looks forlorn, forgotten, simply not appealing. It could even cost you money.
If you move, you’re also telling buyers that you have a new home and are motivated to sell fast which can, of course, give them an advantage at the negotiating table.
10. Know Why You’re Selling and Keep it to Yourself
How to Assess Your Net Gain as a
For Sale By Owner Seller
To analyze whether or not you will end up ahead by choosing to sell on your own, consider the fact that most buyers do use a real estate agent because it doesn’t cost them anything for this service (i.e. the seller pays the agent’s fee).
Be cautious as buyers, investors and speculators who seek out For Sale by Owners are typically those in search of a bargain.
The low-ball offers from these types of buyers will often net you much lower in the long run.
What you will have to judge for yourself is the following:
Ask an Expert in Real Estate Agent in Florida for Guidance on How to Sell as a For Sale By Owner
Your Home Sold Guaranteed Realty of Florida is here to help you decide if you should sell your own on your own.
We have access to information you may not be able to find online and a team of experienced professionals ready to put your best interests first no matter what route you take.
Give one of our expert real estate agents or call us at 888-449-9474 or complete the form below for more information on how you can sell your home yourself.