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Selling Your Own Home
See Our Pricing Worksheet On This Page
Selling your own home using for sale by owner methods and offering an Owner Will Carry Financing you can sell your home in 30 days or less.
By Pricing your Real Estate Right and Putting Your Home In Move-In Condition You Can Get a Buyer In 30 Days Or Less.
One of the tools on this webpage is the Pricing Work Sheet it forces you to take an honest look at you pricing strategies and shows you how to land on a price that will produce a quick sale. This is what we used for our Do-It-Yourself real estate auctions.
1. Understanding Market Conditions: and having accurate sales information about the real estate market in your area is a must!!! With good information you can make Better Pricing Decisions.
2. Advertising and Promotion: Selling your own home is not about trying to save money by using cheap ads in weekly shoppers. The majority of owners using this approach fail. They end up listing with an agent and pay $20,000 or more in commission.
3. Be Prepared. Always Have a Purchase Agreement on hand. This is a must. When some one wants to write up an offer be sure to have all the selling tools you may need to do the job on hand. For more information Go To: Sale By Owner.
1. What is the most you would pay for your house? $_________________
2. What is the least you would sell your house for? $_________________
3. When 2 is greater than line 1, you will have trouble selling.
Establish Your Rock Bottom Price
4. Multiply line 2 by .95% $_________________
5. Confirm Your Rock Bottom Price... Look for homes similar to yours that have sold in the Last Four months within one half mile of your house. If the selling price is more or less than line #4 adjust your price and confirm your Rock Bottom Price. $_________________
6. Pick a Magic Number... Magic pricing numbers always end with numbers like This. $154,300, $189,500, $234,700 or $299,900. Make sure your price ends with a magic number. $_________________
7. Verify Your Irresistible Price. Ask your neighbors and friends if they would buy your house at your Irresistible Price. If Not. Keep lowering your price until everyone agrees that your Price Is Irresistible. $_________________
The old real estate theory that you should start high and go down Is Stupid... First off many potential home buyers will not look at an over priced home.
The biggest problem with over pricing is; your real estate stays on the market to long and people start to think there is something wrong with the property.
This usually drives the price lower than if you were to start out with an "Irresistible Price" in the first place...
FSBO Biggest Deal Killer is Over Pricing.
When your selling selling your own home is very probable if you price it at current market value, do not believe someone will pay more because you own it unless you a celebrity or a movie star.
BY OWNER: If run into any legal problems that require an attorney, before you spend thousands on an attorney take a look at the videos on this site. Jurisdictionary Watch the FREE Instructional Videos. Left Side Half Way Down...