Are you one of the millions of people who are bypassing realtors and selling your house on your own? This article will give you some tips on how to sell your own house. There can be many reasons for selling your own home besides saving on realtor costs - although that's a big one. The average commission paid to the listing and selling agent is 6%. On a $200,000 home, that's $12,000. It takes hard work to sell your own home but it can be done if you're willing.
First, you must become objective. To sell your own house you have to release your emotional attachment to your home. If you continue to be attached, you will have a hard time letting go and may decline the right offer because you don't think it's good enough. Some emotion is good. A good story, a feeling of attachment always makes prospective buyers feel that they are getting a good deal, but you want to be able to let go when the time comes.
Price your home correctly. Your house is only worth what someone is willing to pay. It may seem like a million dollar house to you, but to the market it is only $300,000. Your house may actually be a million dollar house but at the time you are ready to sell, a number of factors may go into a decrease in the property values of your neighborhood. Be aware of this and price your home to sell.
Presentation is everything! In order to sell your own house it should be the best in its class. You need to make your house look better than any other house at its level in the neighborhood. Why would someone pick your house when there is a better looking one down the street? Remove all the clutter from countertops and remove any pets when you have prospective buyers coming by.
Give your buyers some incentives to pick your house. Install new carpet and paint the interior walls. Have your home inspected and purchase a home warranty. This gives prospective buyers some peace of mind knowing that they won't run into unforeseen problems once they purchase the home.
Market, market, market. You have to get people to see your house in order for them to buy it. Besides the basics of putting up signs and listing your home in classifieds, tell everyone that you know that you are selling your own house. Check with local school principals, they may know of families wanting to move into the area.
USE PICTURES. Align yourself with a mortgage broker, real estate lawyer and/or title company. Besides helping with the final paperwork, these professionals may be able to direct traffic to your home and give you other ideas on how to sell your own house.
You will find many more tips on how to sell your own house at Real Estate - Get In The Know. Get information about buying homes, different mortgages and other real estate information at Real Estate - Get In The Know