If you are looking to sell your home and make the maximum amount of profit while doing so, then you may want to consider avoiding using a real estate agent or company to list your home, and instead sell your house privately. Selling your house privately is definitely the best way to maximise your profit as it will allow you to avoid having to pay the incredibly high commission fees charged by real estate agents. Still, a lot of people are interested in trying to sell their house privately, but have no idea where to start or think the entire process will be much too difficult or time consuming to really be worth it.
Well, the truth of the matter is that the world of private home sales is actually quite easy to get in to and it is actually quite simple to sell your home privately, provided you have the right information and you know how to go about it. Therefore, we have produced this guide to tell you exactly how to sell your home privately and ensure you make as much money off the sale of your home as possible.
Take a Look at Other Properties Listed Online
The first step to selling your home privately is to search online for private home sales, and then view other homes similar to yours which are for sale privately from the homeowner. Doing this first will allow you to develop an idea and plan for exactly how you should go about trying to sell your home privately. You will be able to see which private home sales listings appeal to you and then create your property listing based on these.
Create a Draft Property Listing With Detailed Description & Images
After viewing other listings of homes for sale by owner, you should then take what you learned and use it to create a draft of your own property listing. This means that you should take high quality photos of the exterior of your home, as well as the bedrooms, bathrooms, kitchen, and any other rooms or features of your home that you want to highlight.
You should also create a very detailed description of your home which is very positive and describes the best features of your home. Although the description should be overly positive, you want to make sure that all of the information that you provide about your home is completely accurate. If you lie about certain features of your home, the potential buyers will quickly find out when they come to view your home and this will most likely make them look elsewhere. You can save yourself a lot of time showing your home to buyers by only giving accurate information, as the potential buyers will not feel you have been trying to mislead them when they come to view your home.
Search for Private Home Sales Websites Online
After creating a draft of your home listing, you will then want to search online for a list of different private home sales websites, portals, and directories on which you could list your home. It is important to choose a website that has other homes in your area, as this will ensure that your property listing reaches the right audience.
Find the Best Deal & Get Your Property Listed
Once you have found a few private home sales websites, you will then want to see exactly what sort of deal each one is offering and how much they will charge you for your listing. Then you can simply choose the one that offers the best deal, or you may even decide to list your home on multiple websites so you can reach a wider audience. Then all you will need to do is upload your property listing onto the home sales site and then preview it to make sure your pictures look as they should and there are no issues with your description.
Take Enquiries & Conduct Walk-Throughs with Potential Buyers
After listing your property on a private home sales website, all you will need to do is sit back and wait for the inquiries to start coming in. The potential home buyers will be able to contact you directly with an inquiry about your home, and then you can schedule a time for them to come and view your home. When conducting viewings, it is important to have your house clean and tidy so as not to put off any potential buyers.
Sell Your House & Save HUGE Money!
After conducting the viewing, you will then have to wait and see whether anyone makes you an offer for your home. You probably shouldn’t just immediately accept the first offer, as you can afford to wait for the right offer to come in. You should be able to make a good profit on selling your home privately by avoiding paying real estate commission fees, so once you have accepted an offer all that is left are the paperwork and the signing over of the home.
Michael Atwell is the owner of For Sale For Lease, a leading Australian FSBO website. For more information about For Sale For Lease Pty Ltd or selling your house privately, go to http://forsaleforlease.com.au
The post Selling Your House Privately? Here Is How To Do It appeared first on Real Estate Blog - MHIFS.