Many home owners are interested in learning how to sell their home without the assistance of a realtor. This is not to say that a realtor does not have the necessary expertise but it is the commission that is deterring people from choosing this sale option. For sale by owner has become a very popular experience in the real estate market and although it is not a successful as selling with a realtor it is still most home owners first plan of action. It can be a complicated process as well as an intimidating process but we have the main steps that can help you through from start to finish with a sale under your belt as well as a few extra dollars!
Preparing your home for sale is of course the very first step, which is the same if you had a realtor or not. This means inviting a home inspector into your house to search for unidentified repairs, it could mean fresh paint, a makeover to your landscape and of course home staging. Home staging is the most important aspect of this stage in the process. You want to get rid of as much furniture and clutter that you don't actual require on a day-to-day basis in order to allow your potential buyers a better opportunity to visualize their own home without so much of your own things around to get in the way. A storage unit can help you achieve this stage; don't forget your closets and basement!
Now, how do you determine the asking price? This is where many people take a wrong turn. It is very common for home owners to ask too much for their home and this is part of why it can take longer for a home to sell, if it sells at all. The best way to get an accurate price without local demographics from a realtor is to investigate yourself what homes within your neighbourhood are selling for. There can be a 5% difference one way or the other from this average price and this is a great place to start. Many people believe it is better to start 5% higher that way negotiation becomes an option.
It is time to advertise your home! There are many for sale by owner sites on the internet today which allow you to upload images and descriptions of your home, just as a real estate site would and often times for free! By creating a webpage for your home and utilizing this website link on flyers, in the newspaper, on your for sale sign in the front yard and so on you are off to a great start. Let's not forget the power of Facebook and Craigslist. The internet is a great tool for selling homes and it shouldn't be forgotten.
When a sale presents itself and you believe you have negotiated the best deal possible, a real estate lawyer will become necessary to help you through the selling contract but don't worry, their fee will still be smaller than a real estate agent commission!
For professional Calgary real estate services and listings, visit CarlosMontes.com - the site is clean and informative, with details about Calgary Homes For Sale including NW Calgary Real Estate.
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