Selling For Sale By Owner
You would like to save money by trying to sell your home yourself. That’s understandable; you have worked hard to build equity in your home and you would like to keep as much of it as you can.
But keep in mind that selling your home is a complicated process with certain rules and regulations. Since it involves a contract that is legally binding, you must be sure you go about it the right way or it could end up costing more money to sell your home yourself than with a Realtor.
How to Successfully Sell Your New Albany Home Yourself
To help you sell your home for the most money, we have several tips about selling your home, including information about pricing your home and what documents may be required. These are general guidelines about what to expect, but it is not a substitute for expert representation by a Realtor.
But selling your New Albany home yourself can feel overwhelming. If you would like assistance with selling your home, we would be happy to help. Just call or email us.
Set the Best Price for Your Home
The first and most important step to selling your home yourself is setting a price — the right price — for your home. It is crucial that you price your home correctly the first time.
If you overprice your home, it can languish on the market. Buyers become suspicious of a home that has been on the market for some time, and you may end up selling your home for much less than you had hoped. But if you under-price it, you won’t get as much money as you could.
To find the best price for your New Albany home, here are several guidelines that you can follow to sell quickly and for the most money.
- Consider comparable homes. Learn what other homes in your neighborhood have sold for recently, and find out how they compare to yours in terms of size, condition, and features. To get this information, request a free New Albany HouseValues Analysis™ for your property by contacting us.
- Consider competition. Research real estate activity in your area of New Albany. Find out how many other homes you're competing with and whether you are competing against new homes.
- Consider your contingencies. Consider whether you have special concerns that would affect the sale, such as finding a new home before you sell. Contingencies can affect the price.
- Get an appraisal. A qualified appraiser can give you an estimate of your home’s value. Visit the New Albany community directory to find professionals we recommend.
- Ask a lender. Since most buyers need financing for a home, it’s important to know whether your home’s sale price is in line with the lender’s estimate of its value.
- Know what you’ll accept. It’s critical to know what price you’ll accept before beginning a negotiation with a buyer.
Gather Required Documentation
Once you have decided on a price, you should prepare the necessary forms so that you will have all the proper documentation ready for selling your home. These documents include:
- Property Disclosure Form, which requires you to disclose all known defects that your property has.
- Purchasers Access to Premises Agreement, which sets conditions about allowing the buyer to enter your home.
- Sales Contract, an agreement between you and the buyer on terms and conditions of the sale.
- Sales Contract Contingency Clauses, which you may add to the sales contract to address special contingencies.
- Pre- and Post-Occupancy Agreements, which set the terms and costs of the buyer's occupancy once the sale closes.
- Lead-Based Paint Disclosure Pamphlet, which you must provide if your New Albany home was built before 1978.
Service Professionals You Need to Contact
Once you have gathered all the required forms, you should contact a list of service professionals that will be necessary to help you sell your home. These include a real estate attorney, environmental specialist, radon inspector, zoning inspector, title company, insurance consultant, and moving company, to name a few.
Make Your Home Available for Showings
No buyer is willing to buy a home without viewing it first. So you should next prepare your home and make it available for showings.
Your home needs to be in the best shape to make the best first impression. Starting with curb appeal, you want your home to look immaculate on the outside so that it invites buyers to view it on the inside. Learn more about home staging and curb appeal with these home selling preparation tips to help you know what to tackle first.
Market Your Home to New Albany Buyers
Once your home is available for the world to see, it's time to let buyers know your home is available. Now that today's home buyers are searching online for properties, you want to get your home noticed online. But don't neglect print advertisements, either. Home marketing techniques can include:
- Placing an ad in the newspaper or magazines
- Building a website for your home
- Buying a "For Sale By Owner" yard sign
- Create handouts with your home's details
- Schedule an Open House
Ask for Feedback for Future Showings
Be prepared for your home to be scrutinized by potential buyers. Take an objective look at your home and take care of anything minor, from the fingerprints on the walls to the smallest stains on the carpeting.
Getting feedback on your home from prospects who attended your open house or a showing will give you a better understanding of how to make your home more appealing to buyers.
You Can Trust Kate & Tony to Sell Your Home
With so many steps to the home selling process, and no expert to guide you through negotiation, qualifying buyers, or home staging, it can be difficult to successfully sell For Sale By Owner in New Albany.
A Realtor guides you through all of these steps, providing you with expert real estate advice and helping you navigate the minute processes so that you don't have to worry about the details yourself. Kate & Tony are expert Realtors in New Albany, Ohio, and can help you sell your home quickly and for more money without all of the headaches of FSBO.
Contact us to get started selling your home with the experts.