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Do you listen to the national news and read the newspapers? They all say that real estate and home values have decreased (by at least 10%) over the past year.
Nationally, real estate sales (to include single family homes), as well as the construction of new home sales are still declining. Bank Owned / Forclosure property listings are still on the rise.
Mortgage / Lending Institutions are making it a lot harder for buyers to qualify for a home loan due to a prior history of loose lending practices as well as the over evaluation / appraising of property throughout the real estate industry.
Consequently, more home owners are opting to sell their own homes ( For Sale by Owner / FSBO) instead of paying 5 to 8 percent of the selling price in real estate / brokerage fees.
If the national average selling price of a single family home is around $250,000.oo; you'd save anywhere from $12,500.oo to $20,000.oo by selling your property without the aid of a Real Estate Agent.
While this For Sale by Owner FSBO option sounds good, you'll still need to spend some time and invest some money in order to promote the sale of your property such as newspaper advertising, open houses, fliers and an on line website listing. As in trying to sell any product or service; exposure of your product/property/home to your prospective marketplace/buyers is an essential element for success. "Stand out and be recognized"!
Additionally, you might consider spending some of the saved real estate fees on home clean up and repairs in order to improve it's salability. Curb appeal is your first chance to make a lasting impression on a prospective buyer; don't mess it up.
Make sure that your home is ready. Clean up the yard, trim trees, rake leaves, remove weeds clutter and trash, plant some flowers. Before a prospective buyer walks into your home ... Clean, Clean, Clean. Since your goal / objective is to sell and move; start by removing and packing up unnecessary family clutter. Get rid of anything that you don't need to use on a daily basis. If you've got too much stuff; box it and put it in a self storage unit until you move.
Webmaster's Summary Notes:
1. Selling your own home isn't child's play.
2. You need to spend some time and money in order to prepare your property for viewing and to get it exposed / presented to prospective buyers.
3. You'll need good curb appeal and a neat clean home to make a great first and lasting impression.
4. Pack it up, box it and prepare to move.
5. Gather your home documents together; deed, map/plot plan, tax bills, appliance info. and Offer to Purchase Forms.