It's estimated that over 70% of home buyers now use the Internet when shopping for a home and most of these Internet users go to REALTOR.com. An MLS listing will also provide exposure of your home to a host of other national and local websites.
Selling your home without a real estate commission can be personally and financially rewarding, however, you'll need to be prepared to the work and perform the services that a real estate agent usually provides yourself. Here are a few important tips for successfully selling your home on your own...
The first thing you'll need to do is to set a fair and realistic sales prices for your home. Determining the market value of your home will be a major factor in selling your home at top dollar in a reasonable amount of time. CLICK HERE for information on determining your home's value. And, CLICK HERE for information about "pricing your home to sell".
Next you will want to prepare your home for sale. This includes fixing any items that need attention and getting your home into top "showing condition". CLICK HERE for information on preparing to show your home.
Marketing your home is a primary consideration. You will want to get the maximum exposure for your property possible. More exposure means higher demand. Higher demand means a higher selling price and a faster selling time. Real estate agents use the Multiple Listing Service (MLS) to expose thier property listings to the market. An MLS listing not only advertises your home to real estate agents, it also gets your home a valuable listing on REALTOR.com, the number one real estate website in the world. It's estimated that over 70% of home buyers now use the Internet when shopping for a home and most of these Internet users go to REALTOR.com. An MLS listing will also provide exposure of your home to a host of other national and local websites.
Newspaper advertising can also be an effective way of marketing your home. The problem, however with newspaper advertising is that it's difficult to cost effectively advertise when you only have one product to sell. The odds of selling any 1 house with newspaper advertising is relatively small. Make a budget for yourself and use a website URL in all advertising to drive potential purchasers to a webpage with photos and information about your property. CLICK HERE for a free web page for advertising your home.
To comply with all local and state selling requirements, call your local country or city real estate division or real estate commission to find out what forms and requirements you'll need to satisfy any laws or regulations regarding the sale of your home.
Lastly, make sure you've got the help you need from professionals. You will need a real estate attorney to draft or look over a purchase agreement. Never sign any legal document without completely understand ALL of the terms and conditions. Having a real estate attorney review your contract documents can save you lots of money in the long run. Also, you may want to make contact with a mortgage lender to assist in pre-approving your potential buyers for a mortgage loan. It's silly to take your home off of the market just to find out later that your buyer's can't qualify for a loan. CLICK HERE for an online loan pre-approval form.
Remember, a home is most people's largest investment. It just makes sense to preserve your home's equity and maximize the return on your investment (ROI). After mortgage payoff, the real estate commission is usually the biggest expense of the sale of a home. Selling without a real estate agent can save you thousands of dollars and greatly increase your ROI on your largest investment vehicle.
For more details, tips, tactics and checklists for the home selling process, Click Here to obtain Bloomkey®'s HomeSelling Guide E-Book in Adobe "PDF" format for download.
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