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An article such as this can only be an introduction to such a involved project and we can't do justice to the complete process, but we can point you to a very good resource.
So you have taken the big step and decided to sell your own home. It is a frightening position to be in only because it is the single largest investment we make in our lives and involves large amounts of money, time and potential frustration.
You may hear horror stories from others who have tried to sell their own home and encountered all kinds of problems. You can rest assured that these people are the ones that took no advice, did not try and learn anything and just jumped in without educating themselves.
If you have read this far you are well ahead of the majority of home owners that are in this position.
First and foremost, you must be clear in your mind why you are selling. This is paramount to getting the end result; sell a house by yourself.
Next you must take stock of your home and look at what can be improved cosmetically. Try not to spend too much money but a few dollars in some key areas can be well worthwhile. Areas such as the lawns, gardens, house wash, minor repairs, exterior painting, water blasting of driveways, and repainting of the front fence are just some to consider.
You want to improve the kerbside appeal of your home. It is the first impression that counts when presenting your home.
Research the local area for average house prices and comparable house prices to yours. Flick through the local newspaper or real estate office listings to get a feel for the market price range. You can find some very interesting things about the prices of homes this way.
Arrive at a price, or more importantly a price range. This range should be considered when listing your house.
To get offers and people through your home you must market it in some way. There are many ways to do this but some of the most common and effective ways are to have a FSBO sign out front, newspaper advertisements, internet listings and maybe even a flyer drop in the surrounding areas.
You need to draw as much attention to your home to get the buyers and offers through. When showing people through your home, it is always a good idea to have a feedback form asking what they thought, what they liked and what they disliked about the house.
This is the only way to get an accurate feel as to what the market feels about your home.
Once you have had an offer and it is accepted ensure you use the correct legal forms and have your lawyer convey the transaction.
What we have covered here is why most people sell their own home and how to sell a house by yourself. It is important that you consider and do all the steps we discussed to maximise the sale price in your favour. These steps include identifying why you are selling, the price you will list your home at, showing people through your home and the legal aspects.
For a more in depth but simple guide consider the excellent FSBO system located here.
Darryl Howse is an experienced property investor who has completed numerous property transactions. During this time he has seen all the tricks of the trade used by realtors. For a complete and simple system to sell your own house without involving realtors or estate agents visit website http://www.HomeSellingSecrets.co.nz
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