What’s the worst If I sell My Own Home

Owners frequently contemplate selling FSBO.  This can be a potential strategy for some owners. However it is fraught with risks, from under pricing to legal issues that arise from inadequate disclosure.   When you decide to yourself, to “sell my own home” are you prepared for all the legal ramifications of the contract, disclosure, title and successfully getting your house sold? It can be a challenge. 

 

The risk when you or I try to sell my own home? No Buyers, No Sale.

If that thought makes you uncomfortable, some additional questions to consider before you take on the task to sell my own home.

• Do you really know what your house is worth in today’s market? Sure, you can get a Zestimate, but how accurate is that? You might be surprised to find out Zillow is not all that reliable. Over price your house, and it will not sell. Under price it and you give away equity.
• When an owner decides, “okay, I’m going to sell my own house.” He or she is taking on a full time job.  Buyers want to see homes on their schedule.  Will you be able to meet every buyer to show the house? Or set up a reliable system to allow Realtors into the house while you are not present? Be careful – even Real Estate companies encounter scams from fake buyers trying to enter houses.
• How do you know when a home buyer is qualified or not?
• Is your schedule flexible, to allow you to take FSBO phone calls as they come in?
• Will you be hosting an open house every weekend until your house sells?
• When you do speak to a prospect, do you know what to say, what to avoid saying and the difference?
• Questions I hear a lot from potential For Sale By Owners, “I’m an honest person.  When I sell my own home, how much information should I reveal about my next move, the noisy neighbors, the dog peeing on the carpets?”   Disclosure is a big part of real estate.

Concerns When I sell my own home

Where do potential home buyers come from? How will I handle the rejection when a qualified purchaser brings to my attention every item, criticizing workmanship and color selections, cleanliness and even dissing the home I’ve loved for years?   Answering questions about your personal beloved residence can be tough.  As a Realtor, I frequently hear buyers and sellers get emotional.   It can be tricky to stay neutral in tone and just convey the facts.  Doing so gets houses sold and in the long run, this keeps clients happy.

Financial Concerns When You or I sell my own home

1. When I sell my own home, how can I tell if the buyer afford the house?
2. Do you have a list of reputable mortgage lenders to assist in financing?
3. Are you familiar with the legal requirements in the real estate contract?
4. What’s the best financing program to guarantee the sale is completed?

When I sell my own home, when is the right time to walk away from a difficult deal?  This can be a challenging part of transactions.  Believe it or not, sometimes the buyer and seller just don’t get along, but the buyer still wants the new home and the seller still needs to sell.  So, if you find yourself in a acrimonious transaction, when is the right time to walk away?

I’m here to help you familiarize you with current market conditions.  I can help you evaluate your position. I have a proven marketing systems in print, online and through Realtor relationships to help you achieve a quick sale for top dollar.  Give me a call to discuss strategies and answers to all of the above questions. 

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