| | Selling A Home or Property?
MSFSBOP will advertise to help you:
- Save your equity and your hard-earned money
- Sell faster because you won’t have to inflate your selling price to cover your agent's commission
- Net more so you can make that next down payment or pay off more bills
Here are a few guidelines to help you through the process:
- Determine the value of your home and decide on an asking price.
- Advertise your home. That’s where MSFSBOP comes in. We will use every opportunity to expose your home to the public through our MSFSBOP marketing plan.
- Answer your phone and respond to all inquiries. Make appointments to view your home. As the seller, you have the right to ‘screen’ your prospective buyers. You may only want to show your home to those who are pre-approved and who have made an appointment. Ask them if they have been pre-approved for financing and make sure your home is in their price range. Also ask them if they are looking to purchase immediately or just browsing for future reference. You will find that these questions will stimulate a short conversation that will give you insight on whether they are serious buyers and whether you should show your home or not.
- Show your home. Part of the success of selling your home is showing your home, so make every opportunity to do so.
- Accept reasonable, firm offers. If you receive more then one offer, here are a few tips:
When you receive a written offer on your home, there is always an ‘offer ending’ date in the contract. You have until this date to accept the offer. If you have a few buyers interested in your home, then you may wait a day or two before accepting any particular offer.
If a second offer does come in, you can always contact the first interested buyer and inform them that you have another offer for more money and that they have a few hours to beat that offer.
Once you have accepted an offer, you may not be able to ‘pull out’ and go with a higher bidder. When you need answers to questions about your contract you should consult a lawyer or notary public that you will be using to close your sale. It never hurts to have back-up offers, for it’s not uncommon for the first deal to ‘fall through’ (normally due to financing).
- If you sell your house before finding a home you want to buy, be sure your sales contract is contingent upon you, the seller, finding suitable housing. Remember, you as the seller are legally bound to sell once the contract is signed at the day of closing.
- If your property has been on the market for a while, don’t get discouraged! You may need to re-evaluate a few items and be honest with yourself. Are you answering your phone and responding to all inquiries? Are you showing your home to prospective buyers that want an appointment?
Have you had interest in the home but no offers? This may indicate that your asking price needs some adjustment. If you believe your asking price is fair, we recommend using the services of an appraiser to provide hard evidence of your home’s value to prospective buyers. The good news is, whether selling FSBO or through a real estate agent, some homes will sell quickly while others will not. There are a variety of reasons for this. Be patient. More often than not, it simply takes several months to sell a home. Make the most out of every advertising option available to you.
|
|
