Ofcourse you could sell your own home. Spring is just around the corner - a popular time to sell a home.
Are you thinking - mabye I should sell my home and save the REALTOR® fees? We say yes - go ahead and sell your home yourself, if you have the skills and the time.
But be clear, selling a home requires expertise and knnowledge so that you protect yourself from legal issues and you safeguard your investment.
Heres our short list of what you need to know to sell a home.
Do you understand whats driving the current Real Estate market?
Do you know what homes similar to your home have sold for in the last few months? Do you know how you could find out? Do you know about comparables - homes that may look just like your home - but may have sold for far more than other homes because of a kitchen renovation or new landscaping or a new secondary suite?
Could you accurately set the price for your home so that its not to low AND not to high?
Can you describe your home and compose an attention-getting ad for the web and local newspapers that will draw potential buyers? Do you know the most effective way to advertise your home? A social media campain? Lawn signs? Newspaper ads? Website ads? Flyers? Word of mouth?
Marketing at an Open House
Do you have the skills to host an Open House? Do you know how to stage your home? Can you read prospective buyers so you know whether they're merely curious (looky loos as they are known), serious buyers or con artists? On some weekends hundreds of propectieve buyers attend Open Houses. Are you aware of safety issues at Open Houses?
Can yhou negotiate? If yyou need to sell your home because you've taken a new job in another cty or you've bought another home (you're known as a motivated vendor), can you remain detached and not accept the first offer? Could you counter-offer effectively?
Do you understand all of the forms that you must complete in a real estate transaction? Do you understand exactly what's required on the Property Disclosure Statement form? Do you knw how to ask for and document a deposit and how to draw up a legally binding contract? Do you know the rules for returning a deposit if your deal falls through?
Do you have the time necessary to sell your home properly to get the most out of your investment?
Do you have the time to spend - sometimes into the very late hours of the night to negotiate the best deal?
Most home sellers understand thtat it takes significant training, knowledge and time to sell their home.
In the end, most sellers conclude that its best to rely on a professional.
- your Royal Pacific Realty Group REALTOR®
credit - Royal Pacific Realty