If you are looking to post your real estate for sale by owner, the following tips are crucial to a successful sale. You can save a lot of money by selling real estate yourself and foregoing a hefty real estate agent’s commission. But you must educate yourself a bit on how the market works first.
You should hire your own real estate agent to represent you. An agent that works for both the buyer and the seller can possibly have a conflict of interest. Ask friends to recommend an agent to you. Interview several agents and make sure you are comfortable with the person you choose. A knowledgeable agent is an invaluable resource.
In a down market, take the time and try to negotiate your broker’s commission. During buyer’s markets you may have to price your home lower than what you normally could have received for it. Work with your broker and see if they are willing to negotiate the amount of their commission. Do this while you are still deciding on a broker so that you can move on if one is unwilling to budge.
Most buyers can appreciate a spacious, tidy backyard, especially in suburban areas where lawns are typically smaller. In order to make your backyard appear larger and more attractive, remove all lawn furniture, kids’ play structures, or sports equipment. If you have a pool or spa, be sure that it is well-maintained. Finally, clean up after your pets by removing toys, doghouses, and waste.
Selling a real estate property on your own can be more complicated than it seems at first glance. But the reward of saving a large commission makes the effort worthwhile. Simply follow the tips listed above, and do some of your own research to market your property at the correct price.
