Remember these eight steps if you plan on selling your own home.
If you’ve decided to list your home on your own, here are the eight steps to remember to ensure you do it correctly and sell for top dollar:
1. Buy a FSBO (For Sale By Owner) sign, and stick it in your front yard.
2. Create a marketing plan. Make sure this plan generates a lot of online activity. Since you won’t have access to a lot of platforms, you’ll want to get your home out there as much as possible to let people know it’s for sale.
3. Do a comparative market analysis. The statistics should go back at least six months so you know what homes are selling for. If your home isn’t priced correctly, you’ll run into appraisal issues down the line.
4. Be flexible. Sometimes buyers will want to visit your home within a short period (e.g., 15 or 30 minutes), so be prepared for short-notice showings. It can be inconvenient, but you’ll want to be there—nobody wants a stranger walking through their house.
“It’s a process, so be patient with yourself.”
5. Check for an umbrella policy. As people walk through your home, you’ll want to know that you’re insured for whatever may happen.
6. Download the necessary forms. You can visit the Texas Real Estate Commission’s website here and download the seller’s disclosure and other forms.
7. Have a good buyer vetting process. During this time especially, you’ll want to require buyers to show you proof of funds and/or lender approval so you don’t end up wasting your time.
8. Clean your house after each showing. We want you to be safe!
Selling your home on your own can be done, but remember that it’s a process, so be patient with yourself. We’re always here to help you no matter what your real estate goals are, so if you have any questions, feel free to reach out to us. We look forward to hearing from you.