Learning to Sell Your Customer:
What to Do When Your Product
is Your Home
home selling articles and tips
If you don't expect to see a huge return on your home, it's likely that you're interested in dodging commission fees from real estate agents in order to walk away with something significant. While take the FSBO (For Sale By Owner) route can have its pros, it is definitely not something easily handled. If you're thinking about selling your home by yourself and selling on a person to person basis, these are things you need to do to protect and sell your product - your home.
1. Know How to Market
So, you've decided to sell your home yourself, but you aren't sure where to start. Knowing how to market is the first hurdle you need to tackle. According to Forsalebyowner.com, you should create a marketing plan that consists of writing a creative listing for your home, taking lots of photos, gaining maximum exposure for your listing, organizing a schedule for showing, gathering feedback from showings and working with it, etc.
2. Stage Your Home
Fox Business also suggests staging your home to ensure a quicker and smoother sale. You might find yourself spending a bit more than you're comfortable with to stage the home, but staged homes, on average, sell within 29 days as opposed to an average 145 days for homes that aren't staged. To assist in this process you may consider hiring movers to clear most of the clutter from your home in the staging process.
3. Price it Right the First Time
The longer your home stays up for sale, the less you will likely get out of it. Leave your emotional attachment to the property by the wayside and work out a realistic price for the home. Both Zillow.com and ForSaleByOwner.com offer pricing estimate tools that can help you come to the right number.
4. Never Turn Down a Showing
When you're trying to sell your home, things can get quite hectic. For example, you might have to group 4 showings all into one day due to scheduling conflicts. However, you should never turn down a showing opportunity due to stress. The showing you turn down could be a potential sale.
5. Create a Back-Up Plan
Lastly, Morgan Brennan from Forbes suggests designing a timeline for how long you plan to keep your home on the market. Additionally, you should think of a future point in time when you will seek a professional for help if the home hasn't already sold. Create realistic numbers such as your optimal asking price, last resort asking price, etc. This way, you don't make any mistakes down the line due to being in over your head or clouded by the stress of selling your home.
Information provided by Jia Jia International Moving Inc, a Markham moving company.
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