Lisa Udy may be in Utah but the challenge of selling your home by yourself is the same everywhere. Be up front about what you are trying to accomplish when you talk to an agent (we are pretty savvy about picking up the clues anyway) and you might be surprised how much assistance you will get.
Of course while you are talking to the agent keep an open mind and understand that they can do all they are suggesting and more in a timely and professional manner and get you to your goal as quickly as possible.
Still want to try to sell yourself? Go for it! But set yourself a time frame for know ing when you have done all you can. Then call the agent who was open and honest and willing to help you!
Original Source: 5 Things You Must Know Before Selling FSBO In Logan Utah
Are you thinking about selling your Logan home on your own? If so, you need to be aware of what’s going on in the Logan real estate market, and what you need to do to get your home sold fast and for more money. Here are 5 tips you can use to put yourself in the best position to get your home sold:
Price It Right:
As of today, there are over 900 homes on the market in Cache Valley surpassing any other inventory level in our history. Our market is flooded with inventory and if you want to sell your home, you have to price it competitively. Home buyers are few and far between, and they know their in the drivers seat when it comes to purchasing.
If your home is over priced, home buyers won’t even bother setting up a showing. There are to many homes for them to choose from to waste their time on an unrealistic seller. How do you price your home right? Since you’re selling your home on your own, it will be difficult to get the right price.
I would recommend putting your home on the market, and see what type of activity you receive. If you’re not getting any activity on your property after a few weeks, you’re likely over priced and need to reduce it. You can also ask a real estate agent to do a market analysis for you, as most agents would be happy to provide this service. They have access to sold data from the MLS, and can usually provide you a pretty good ball park of your homes value.
Prepare Your Home For Showings
If you want to sell your home for the most money in the shortest amount of time, your home has to look sexy. Putting a sign in the yard and not taking care of the cosmetics will not cut it. Home buyers are picky. They like updated homes that are clean, de-cluttered, well manicured, and fresh.
Staging your home for home buyers is like going to a party at the white house. Your home has to look it’s best to impress, and if you don’t take care of the cosmetics, you’re home isn’t getting through the white house gates. Wow potential home buyers by taking care of the little things from curb to curb.
Clean gutters, wash off sidewalks, mow the lawn, remove weeds, plant some flowers, open up your front porch with some inviting potted plants, and freshen up the paint on the front door.
Remove any personal clutter, pictures, shoes, coats, and unsightly furniture to give buyers a canvas to paint their own pictures. Remove wall paper and paint all rooms with some neutral colors. And don’t forget to remove pets, and get your carpets cleaned!
Market Your Home Aggressively
Many FSBO sellers put a sign in their yard and leave it at that. Give yourself a better shot at selling by doing a few extra things. You never know who might buy your home, and you never know who knows someone looking for a home like yours. So anyone you talk to, let them know you’re selling your home.
Also, there are many websites that will let you advertise your home is for sale. You can check out sites such as KSL.com, CacheValleyDaily.com, and Craigslist.org. These websites get a descent amount of traffic here in Utah, and should help you get your home some fresh eyeballs.
There are also some real estate brokerages who offer a fee service allowing you to list your home in the MLS. They usually cost between $300-$500.
Keep your marketing updated. Many FSBO signs, after a month or so, start to fade. Make sure people can see your phone number clearly. You will also need to re-post your online ad’s about once every two weeks. If anything changes with your price or selling conditions, be sure to update your advertising to show it.
Get Creative With Your Selling Options
What can you do to entice a buyer to pick your home over another home? Adding extras such as closing costs for buyers, furniture, or new appliances can be the difference in getting an offer or not. If you can carry seller financing, you open yourself up to more buyers.
Also, consider doing a lease option if you feel desperate. The rental market here in Cache Valley is extremely competitive right now. There are many people with descent incomes that want to buy but can’t quite qualify. A lease option could be a good way to pay your mortgage and have a chance to sell the home later on down the road.
According to the National Association of Realtors, only 13% of homes sold in 2008 were FSBO’s. Offering these extra incentives will give you a greater shot at selling your home. Be prepared to make the pot sweet enough to entice a potential buyer.
Who Are You Kidding? Hire An Agent
Did you see that last statistic? Only 13% of sold homes are FSBO. If you’ve been on the market for a long time and your time is running out.
Hire a Realtor to get your home sold. Yes, Realtor fees are high, but we provide a valuable service, and statistically will bring you more money than if you sell on your own.
Hate real estate agents? So did I before I became one. The reason I became an agent was the frustration I had with working with them. If you had a bad experience with a Realtor, don’t judge everyone by that experience.
Since becoming an agent, I have found most agents are respectable business people with high integrity. Sure, just like all professions, we have our bad apples. But you can avoid them by doing a little homework and talking to friends.
I admire anyone willing to take on the challenge of selling a home in today’s tough market. Be sure to get all the information you can and speak to agents about pricing your home correctly. I would also recommend you keep an open mind on paying a commission to a buyers agent for a potential sale, and have plenty of patience. Good Luck!
It's Simple...When You Have A Great Agent!
SarahGray Lamm is a licensed, full time, residential real estate professional in the Raleigh Durham area of North Carolina with over 60,000 hours of experience. She specializes in serving the real estate needs of home sellers, home buyers and investors in Chapel Hill, Carrboro, Durham and Northern Chatham County and is proudly associated with Allen Tate Realtors, the Carolinas #1 independent realty company.
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