MISTAKE #5 - TRYING TO SELL TO "LOOKY-LOOS"
MISTAKE #6 - NOT KNOWING YOUR RIGHTS & RESPONSIBILITIES
MISTAKE #7 - LIMITING THE MARKETING AND ADVERTISING OF THE PROPERTY
ATTENTION: FOR SALE BY OWNERS!
WHY PEOPLE ARE AFRAID TO BUY FROM YOU!
Many homeowners believe that to maximize their profit on a home sale they should sell it themselves. At first glance, they feel selling a home is simple and why should they pay a broker fees for something they could do themselves? In fact, close to 25% of all the homes sold last year were sold for sale by owner (FSBO).However, close to half of the FSBO’s said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why?Many FSBO’s told us that the time, paperwork and everyday responsibilities involved were not worth the amount of money they saved in commissions. For others, the financial savings were even more disappointing. By the time they figured the amount of fees paid to outside consultants, inspectors, appraisers, title lawyers, escrow and loan officers, marketing, advertising… they would have been better off having paid the broker’s fee which would have included many of these charges up front.Selling a home requires an intimate understanding of the real estate market. If the property is priced too high, it will sit and develop a reputation for being a problem property. If the property is priced too low, you will cost yourself serious money. Some FSBO’s discovered that the lost money as a result of poor decisions outweighed the commission.Before you decide to sell FSBO, consider these questions and weigh the answers of assuming the responsibility versus employing a professional. A little time spent investigating up front will pay off tenfold in the end.
DO I HAVE THE TIME, ENERGY, KNOW-HOW, AND ABILITY TO DEVOTE A FULL FORCED EFFORT TO SELL MY HOME?
AM I PREPARED TO DEAL WITH AN ONSLAUGHT OF BUYERS WHO PERCEIVE FSBO’S AS TARGETS FOR LOW-BALLING?
AM I OFFERING FINANCING OPTIONS TO THE BUYER? AM I PREPARED TO ANSWER QUESTIONS ABOUT FINANCING?
DO I FULLY UNDERSTAND THE LEGAL RAMIFICATIONS AND NECESSARY STEPS REQUIRED IN SELLING A HOME?
DO I HAVE THE CAPABILITY OF HANDLING THE LEGAL CONTRACTS, AGREEMENTS AND ANY DISPUTES WITH BUYERS BEFORE OR AFTER THE OFFER IS PRESENTED?
HAVE I CONTACTED THE NECESSARY PROFESSIONALS SUCH AS TITLE, INSPECTOR (HOME AND PEST), ATTORNEY, AND ESCROW COMPANIES?
FOR SELLERS ASSISTANCE
YOU ARE A DISTRESSED SELLER IF:
* You are 100% financed with no equity and can not afford real estate agent fees.
* You are facing foreclosure and can’t afford your monthly payment.
* You have bad credit and cannot access the equity in your home.
* You have a pre-payment penalty on your mortgage preventing you from selling.
As a consultancy company that specializes in both buyer and seller services in the real estate industry, we have several options available for homeowners that want to sell their home, especially if you are considered a distressed seller. Please contact us via email or phone and one of our specialists will get back to you within 24 hours or the next business day.
* Use the right boxes, and pack them carefully.
* Professional moving companies use only sturdy, reinforced cartons. The boxes you can get at your neighborhood supermarket or liquor store might be free, but they are not nearly as strong or padded, and so can’t shield your valuables as well from harm in transit.
* Use sheets, blankets, pillows and towels to separate pictures and other fragile objects from each other and the sides of the carton. Pack plates and glass objects vertically, rather than flat and stacked.
* Be sure to point out to your mover the boxes in which you’ve packed fragile items, especially if those items are exceptionally valuable. The mover will advise you whether those valuables need to be repacked in sturdier, more appropriate boxes.
The heavier the item, the smaller the box it should occupy. A good rule of thumb is if you can’t lift the carton easily, it’s too heavy. Label your boxes, especially the one containing sheets and towels, so you can find everything you need the first night in your new home.
SELLING TIPS
* Everything from floors to windows must be spotless. Remember to clean the oven and other major appliances. Skylights should be crystal-clear, too. Do not forget to make bathrooms shine!
* Kill the offensive odors. They’re the first thing buyers notice, and often a permanent turnoff.
* Eliminate Clutter.
* Put away small kitchen appliances and other items that are sitting on countertops and tables.
* Remove photographs from table-tops.
* Organize the closets.
* If there’s not a reason to leave something sitting around–remove it!
* Buyers nearly always comment if gutters are full of leaves and it makes them question other maintenance issues.
* Store or organize items that make the yard look messy.
Make your front entry inviting. Decorate it, paint the door or buy a new door. It’s the first look