Thursday, June 03, 2010

For Sale by Owner

You know I still see quite a few For Sale By Owner properties in the Palmetto area.

It is tough enough for professional Realtors to sell homes these days with all the competition with short sales and foreclosures let alone trying to sell it on your own.

When you think about selling it yourself.

Think about this.

If you really need to sell it, it is not about brokerage fees, it is about the market and getting it sold.

You need a good market report on what is selling to ensure your property is priced to market values. Not what your neighbor said they sold for but really what the comparable homes are selling for.

The market determines the price buyers are willing to pay.

You need to know if you are a candidate for a short sale. You may not want to sell your home for less than you owe but there may be very few alternatives.

You need exposure to reach the largest audience possible. These days that means spending a bit of coin on the Internet.

You need to be weary of all the appropriate legal paper work, disclosures etc.

You will want to know up front that any potential buyer has the credit and financial ability to purchase before you let them in the door. Not someone saying I'm worth it, you need to have them prove it.

You need to stage your home.

You need to set up an answering service so it easy for potential buyers to get in if you are home or not.

Or you may just want to pick up the phone and ask a Realtor to do all this for you.

All the best
Greg Owens P.A.
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamworksfla.com

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