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Disclosure:  This post is sponsored by Fizber and Mom It Forward Blogger Network.  All opinions and experience are 100% my own.

Benefits of Listing your Home FSBO

Have you ever wondered what the Benefits of Listing your Home FSBO are?  I have a bit of mortgage background experience and I’ve bought and sold a dozen houses myself, so I have a few tips to share with you.

There are quite a few benefits in listing your home for sale by owner (FSBO).  You just have to make sure you are familiar with all the work that you need to do.

First,  know your market.  I highly suggest that you look at houses that have sold in your area.  Visit open houses and try to find a comparable house that is of your size (or close to it) with the same amount of rooms.  You can always add or subtract values for differences.  It would be a worthy expense to grab and appraisal before you put your house on the market.  You may get an investor that may try to low ball you.  This is where it’s important to know the value.  I always start with the value of my property before I even decide to sell it.

Next,  have a plan.  Timing can be everything.  Summers tend to be the busiest season but then again the early Spring could be popular for your area.  What the trend of sales in your area well before you decide to sell.  For example,  if you know you want to move during the Summer months, be sure to do your homework and be fully prepared before Summer begins.

Don’t ignore or cover up repairs.  This is crucial.  Repairs will eventually be found in the inspection so don’t risk the sale of your home by waiting for potential buyers to ask you to repair something.  You may not even get an offer if a repair needs to be done.  Get out the touch up paint and tackle those walls.  If you’ve lived in a place for more than a couple of years, I can bet you will need to touch up a few areas especially if you have kids.

Cleaning your property.  Having a fresh clean home and keeping it “show worthy” is probably one of the most difficult aspects of selling your home.  I can attest to this first hand.  You will need the whole family on board with this task and it’s a big one.  Especially if you have kids that aren’t used to making their beds after they wake.

Staging before you list your property.  If you’ve lived in your home for sometime, you may need to ask for outside help to get a fresh set of eyes to see what you don’t.  You want to declutter your home as much as possible.  When potential buyers visit your home they are trying to imagine themselves living in your property.  If you have a full wall memorabilia of a football team they hate, they will remember that.  They won’t see past it, or at least most people don’t.  You want your house to look bright and airy!  Don’t be afraid to move your favorite chair in the garage especially if it’s an eye sore.  Less is more sometimes.  You may also purchase a few new comforters or pillows to give each space some new color that will appeal to the eyes.  First impressions are everything and I don’t want you to lose out on a sale because your house is too cluttered.

Once you’ve done your research and the property is show ready, now it’s time to get it on the market!  What to do?  I would start by finding a title company in your area that can help you.  They have attorney’s on hand that you can possibly hire to help with your transaction once you get a buyer.  This is an important step.  The title company will also give you all the required paperwork you need if and when you get a buyer.  Providing a Disclosure statement is important.  Knowing all the state laws and regulations governing fair housing and other requirements are extremely important.   When I listed my home FSBO this is exactly what I did.

Photos and Flyers.  I would take photos of every room in your house and create a flyer to hang in your front yard.

Advertising your home.  Did you know there are websites out there to help you when you want to list your home FSBO?!  There are!  Fizber.com is a perfect example.  You can list your home for free!  Fizber can even save you some time with the tools they have to offer.  For example,  all you have to do is enter your property details and Fizber will create a digital property brochure and even a video you can promote on YouTube!  Fizber will blast your listing to multiple social media sites too!  Here’s the real kicker though…  Fizber customers save and average of $15,000!!!  What would you do with an extra $15,000?  That’s pretty exciting right?!!

Fizber.com services provided:

• Free Listing Service
• Featured listing on Fizber.com
• Maximum exposure with syndication to Zillow, Trulia, Yahoo Real Estate, homes.com and 50+ other buyer oriented sites
• Digital property brochure
• Virtual tour video
• Printable flyers
• Consultations with a home sales consultant

Downfalls of listing your home FSBO.  The biggest downfall of not listing your home through a realtor is getting your home listed in the MLS.  More than 80% of homes are sold through MLS.  If you use Fizber.com you can pay a flat fee of $295 to get your home listed on MLS.  The other downfall of listing the home yourself is that you are the person they will be negotiating with.  This can be a bit awkward and sometimes it’s hard to decline an offer or not get offended when it’s your property.  In this case, you can hire a transaction coordinator for an extra 1% of the sales price or $750 whichever is greater.  You will still be saving money but not have the hassle of being the coordinator of this transaction.

Either way, whether you pick a realtor to sell your home or do it as a FSBO transaction, it’s still very stressful.  The prep work is tough but worth it in the long run.  Do your homework and you could end up saving a large amount of cash.

 

List your home for free on Fizber.com today and keep the commission  (plus get a free home valuation, up to a $300 value)

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