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Selling by Owner Tips
Do strangers scare or intimidate you? If you're planning to try to sell your home yourself, you'll have to get used to it. You'll also be opening yourself up to potentially dangerous situations and legal liabilities. That's why even many experienced real estate agents will hire another agent to list their own home. Even so, the lure of saving the usual six percent sales commission is hard to ignore, because it can add up to a significant portion of your equity. But if you're going to try to sell your home yourself, you'll need to become an expert in a number of areas. First, you must understand local and national real estate laws and become adept at sales techniques. Visiting open houses in your market area can help you to learn the methods used by successful real estate agents. Once you feel comfortable with real estate law and the sales process, you can begin working toward earning the sales commission yourself. Don't think of it as saving money, because you'll soon discover that selling a home can be hard work, so you might as well pay yourself the commission. Like any other job, selling a home requires knowledge and skills for success. Besides reading books, newspaper articles, and doing Internet research, you can seek help from escrow officers and mortgage lenders. You'll find them quite helpful, because they hope you'll use their professional services if you succeed in selling your home. Therefore, it pays to make friends with an escrow officer and a lender long, even before you've located an actual buyer. Whether you use a real estate agent or not, a mortgage broker will be happy to provide free financial flyers to potential buyers. Offering zero or low-down financing, and being willing to help with closing costs could be just the incentive necessary to a entice a buyer into choosing your home. Research your sales price carefully - Check www.realtor.com and your local MLS listings to price your competition - Request a property profile of your home from your local title office Experiment with your sales price by running a small ad. If you get a sizeable number of calls, you'll know you're in the right ball park. If no one calls, either your ad isn't effective or you've priced your home too high. On the other hand, if your phone never stops ringing, you've probably underpriced your home. Pricing too high will cost you time, extra mortgage payments, advertising costs, and credibility. If your home's been on the market a long time, you'll hear comments like this from prospective buyers when you talk to them on the phone: "Oh, you mean it's that house that's been on the market forever? No, thanks, there must be something wrong with it." Selling a home isn't easy, even for a real estate professional, but you can sell your home yourself, if you're willing do your homework and then earn your commission, through hard work and a great deal time. (c) Copyright 2004, Jeanette J. Fisher. All rights reserved. Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm
MORE RESOURCES: Jake Paul Closes One Of The Largest Real Estate Deals In Georgia History With $39 Million Purchase of 5,600-Acre Ranch Yahoo Finance Real estate inquiries by wealthy New Yorkers into Florida properties jump 50% after Mamdani primary win Fox Business These are the forgotten NYC nabes that became real estate hot spots in the last decade: report New York Post Hoby Hanna: Zillow is ‘overstepping,’ limiting ‘creativity’ Real Estate News by RealEstateNews.com Real estate sales in Peoria, Tazewell and Woodford counties for July 12, 2025 Peoria Journal Star Real Estate: Immaculately Maintained & Move-In Ready Home sanangelolive.com Real Estate Newsletter Articles this Week: Months-of-supply is higher than the previous 8 years! Calculated Risk RNR Real Estate Briefs — Texas & more Realty News Report NYC Real-Estate Execs Throw Money Behind Adams to Counter Rise of Mamdani The Wall Street Journal Golfer Bryson DeChambeau's Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours Yahoo Finance Buyers wary of surprise HOA costs now have a safety net Real Estate News by RealEstateNews.com Compass to share exclusives — if brokers, MLSs play by 2 rules Real Estate News by RealEstateNews.com 'Married To Real Estate' Canceled After Four Seasons On HGTV, Say Hosts Egypt Sherrod & Mike Jackson Deadline Senior Spotlight: The Grand Junction Daily Sentinel Tampa real estate investment firm under investigation for potential deceptive practices Florida Politics Real estate investors are purchasing more U.S. homes as high prices lock out would-be buyers CBS News A tale of two Floridas: Real estate industry torn over DeSantis' push to eliminate property taxes Fox Business $400 Million Family Lawsuit Involving Prominent Fullerton Real Estate Figures Part 1 Fullerton Observer Mortgage Rates Predictions for the Next 6 Months: August to December 2025 Norada Real Estate Investments Yes, Your Front Yard Might Be Too Busy—6 Things Real Estate Pros Say You Should Ditch - The Spruce 2025-2030 Five-Year Housing Market Predictions U.S. News Real Estate SERHANT. hits DC; Elliman snags ‘Million Dollar Listing’ star Real Estate News by RealEstateNews.com Department of Taxation and Finance dos.ny.gov The Michael Houck Real Estate Guide for July 13th Oil City News OT Real Estate Spotlight of the Week: 1555 Graves Lane The Owensboro Times Top 10 most expensive homes sold in Petaluma last week The Press Democrat Mortgage Rates Today – July 12, 2025: Rates Rise Across the Board for All Loan Types Norada Real Estate Investments Confusing housing stats & real estate nerds Sacramento Appraisal Blog Real estate boss targeted in San Francisco with smear campaign The San Francisco Standard DDN: Judgment filed in Wright State’s real estate arm case Wright State University Here are recent property transfers up to $970,000 St. Albans Messenger Real estate CEO warns of growing ‘exodus’ as people have ‘given up’ on California — but where are they going? Yahoo Finance Agent Spotlight: Katie Coleman The Grand Junction Daily Sentinel How downtown Natick MA has become a focal point for redevelopment MetroWest Daily News Despite signs of market rebalancing, real estate in this NJ town remains hot. Here's why Bergen Record Here are businesses on the move in Marin, Solano, Napa, Sonoma and Mendocino counties The North Bay Business Journal Top B2B Platforms Transforming Tokenized Real Estate Markets Herald Where are home prices falling most in America? This SWFL community made top of the list Naples Daily News Aspen Real Estate Snapshot, June 23, 2025 Aspen Daily News Home prices in Colorado Springs hit record high, even with many homes for sale Colorado Public Radio Property transfers: Marion County sales range from $20K to $390K The Marion Star Blackstone, PSP reportedly among consortium in talks to acquire H&R Real Estate Investment Trust Pensions & Investments What renters really want | Real Estate Newsletter Inquirer.com Page C4 Post and Courier Page C2 Post and Courier Page C6 Post and Courier Page C5 Post and Courier Page C10 Post and Courier Page C11 Post and Courier Page C3 Post and Courier Page C12 Post and Courier Wichita Falls ISD teams with Bishop Real Estate to sell Kirby Middle School Texomashomepage.com |
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