For Sale By Owner
Some home owners prefer to try to sell their home “by owner” prior to considering a real estate agent. With owners wanting as much money as possible out of the sale of their home, it is very understandable why someone would consider going this direction. However, research indicates that about 1 out of 12 homes for sale by owner actually do sell, and the ones that sell produce 15.3% less income than realtor marketed homes. Buyers also expect to pay less for a home that is for sale by owner, because they know that the owner is not having to pay a realtor fee. So when all of the factors are considered owners need to be very careful in proceeding with this approach to home sales. To help you understand more of what is involved in selling your home by yourself here are 10 free resource examples that we can help you know what is included.
- How to conduct an open house
- How to get your home ready for sale
- A listing of required property disclosure forms, such as lead paint disclosure statements, lead-paint disclosure brochures, property condition disclosure statements, purchase contract, legal description of the property, contingency clause addendums, etc.
- A comparative market analysis for the property to ensure that you price your home at the right level
- A list of suggested inspections often required by sellers, such as a certified home inspection, termite inspection, radon testing, etc.
- Sellers and buyers sheets for calculating net income from sale of your home
- Suggestions on ways to market your property
- An overview of mortgage financing ideas
- Ideas on how you can qualify potential buyers
- A copy of the HUD 1 Settlement Statement