Dutchess County Homes For Sale By Owner Tips - For Sale by Owner tips and techniques, the average homeowner can sell his or her own home without the assistance of real estate agents. You can sell your own home and save thousands, but it takes work and commitment.
Tip 1 - Understand your local real estate market - You must get an idea of your local real estate market conditions.
Tip 2 - Timing the decision to sell could be two of the most critical decisions you make. If you need to sell quickly, that has less flexibility. Conversely, if you're not in a big hurry you can sit back and wait for the perfect buyer.
Tip 3 - You need a team of professionals to help you - While it's nice to think that you can handle things on your own, selling a home takes specialized knowledge. Depending on what part of the country you're in you'll either need to find a real estate attorney or a title / escrow company to help with the legal details.
Tip 4 - The fair market price of your home - When trying to decide on a price guessing or basing your asking price on hearsay or nontraditional methods immediately reduces your negotiating advantage. Basing your price on what the house down the street sold for or what media outlets perceives as increased market value is not the way to get a legitimate price either.
There are only two legitimate and well-recognized ways of determining a fair market value. One way is to contact a real estate agent or broker to provide you with a CMA otherwise known as a comparative market analysis. The best and most accurate way of determining price comes from a full-blown appraisal done by a professional real estate appraiser.
Tip 5 - Remember, you're selling a house not a home
Tip 6 - Preparing your home for sale - Today's real estate market rewards those homeowners that place a high-value on neatness as well as cleanliness. It not only adds value but also promotes quicker profitable home sales. De-personalize your home helps your prospect with such an emotional decision.
Tip 7 - Spread the news
Tip 8 - Negotiating Skills - It's necessary to keep your emotions and personal feelings regarding the negotiating price of your property in check.
Tip 9 - Qualifying buyers - So what's a looker? A looker is a person that comes to your house and looks in everything. They,look in cabinets,vclosets and drawers check everything out but never make you a serious offer. You need qualified buyers looking at your home or it's going to get very discouraging.
Tip 10 - If all else fails go to where the realtors hang out.
If after a while, you're not getting the results that you were hoping for you can always go to the MLS option. This doesn't mean that you have to list with a real estate agent or broker. As a private party, you can list your home with your local multiple listing service. Usually this cost a fee but by doing this you automatically expose your house to thousands of potential prospects.