Selling a property by yourself has tons of financial benefits. However, before you jump on that bandwagon, it would be prudent to make a list of everything that might need your attention so that the whole process is streamlined.
1. Nothing to Lose With a Pre Inspection
Make an appointment for a professional to inspect your place. They will highlight problems that might pose later on for you as a threat to making a certain sale later on. A professional will help you perform a thorough walk through and make the repairs that you need.
2. Showings Don’t End in a Jiffy
Showing can be scheduled any time during the day. Because of this you are meant to keep your home ready and clean for prospective buyers. Make a list of everything that needs to be done including maintaining the yard, organizing everything, staging the whole thing till you get an offer that suits you.
3. Pricing the Property
You cannot come up with a value from the top of your head. That way, you might end up with something that is too high or too low. You might want to consider paying for an independent real estate appraisal. This information is available to the public. You may find helpful information in the local paper or local websites for this.
The real estate market is always in a flux where prices are moving all the time. If you find yourself unable to gauge the speed and direction you may not be able to assess the right value for your market. You need a guide that takes subjectivity out of the equation.
4. Prepare to be Patient
Who doesn’t want to sell their place in no time at all! The truth is, no matter how much effort you put into it, you have to give it time. This way, you have a better chance at selling the place at a price range you like instead of giving in to the price the first person bids.
5. Negotiating
Since you have decided to go the commission-free route, you will be contacted by a lot of buyers. Now, it is up to you how you approach negotiations. If you have never done this before you are at a severe disadvantage, but it pays to negotiate and the prospective buys are expecting you too. You can always ask a friend or someone you know for tips and help on this front. Bottom-line; do not go unprepared when meeting your prospective buyers.
If you find that you are not comfortable handling the legal side of things of selling your property, go with your gut feeling and get a lawyer to look at all the papers.