Friday, 25 April 2008

Tips on Selling Your Own Home In A Down Market

By J. Stromsteen

It is never an easy thing to sell your own home and now the difficulties are mounting with the less than prime mortgage crisis and real estate prices falling. Selling your own home quickly has quite possibly never been a bigger challenge than it is today. Living in your home for many years has given you certain emotional attachments and you want your home to not only sell quickly but to just the right buyer as well. You want to get out of your home what it is worth too and with the following tips you just may do just that.

- Make sure you have the legal issues clearly laid out. Issues such as property disclosures, inspections and other documentation situated before you begin to sell your home. The state laws are different in various states and therefore it may be a good idea to hire an attorney to help you with the legal issues.

- Selling your home means creating a contract form and having an attorney on hand makes this step easier as well. The contract helps to protect both the seller and the buyer.

- Often discounted a very helpful tip in selling your home is by picking the best picture to advertise with. Picking out the best angle, the best season that really sets your house apart is an effective tip in selling your home.

- Chances are you are fairly inexperienced in selling homes. Not everyone who comes to see the house is able to finance and many potential buyers come in hopes for flexible financing options. Find out everything about every potential buyer; can they buy immediately or will they need to first sell their existing home?

- Most people know to make sure their home is clean and presentable before a showing; however, quite a few possible buyers will do a drive-by first and get a first impression. If the first impression does not impress them they may not stick around for a second look. Making sure your lawn is cut and at least the front part of the house is groomed is essential to giving your home curb appeal. Think about placing potted flowers in front; this greatly adds to the look of your home and makes it appear welcoming.

These tips on selling your own home came from people who managed to sell their house successfully. There's a lot to consider before you take every next step, so take your time. And remember, it's useless to do the selling on your own if the revenue taken from not hiring an agent is spent heavily on fixing your own mistakes!

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