Selling Your Home? Consider These Four FSBO Tips
Selling a home can be a daunting task. There are many factors to consider, such as marketing the property, setting the right price, and making the home appealing to buyers. If you’re planning to sell your home without the help of a real estate agent, these for-sale-by-owner (FSBO) tips can help make your sale process smoother and more profitable.
1. Boost Your House’s Curb Appeal
First impressions matter when selling a house, and the exterior of your property is one of the first things buyers will see. To create a good first impression, you’ll need to make sure your home looks appealing from the outside. Take a walk around the perimeter of your house and make a list of things that need fixing or replacing. This may include missing shingles, cracked sidewalks, overgrown plants, or outdated exterior paint.
Consider investing in a pressure washer, which can help remove grime, dirt, and other pollutants from your home’s exterior. Also, plant colorful flowers in garden containers, window boxes, or front beds to give your property some extra pop.
Inside the house, update your kitchen to give it a more modern look. Buyers often prioritize the kitchen, so make sure the countertops and cabinets are updated, and swap out any old furniture for new pieces. Finally, be sure to get rid of any unpleasant odors before setting up a home tour. You can make your home smell fresh with scented candles or room sprays.
2. Get a Home Warranty Plan
Having a home warranty plan can help sell your property faster and increase its resale value. A home warranty plan can cover the cost of repairs or replacement for the home’s mechanical systems and appliances. Additionally, many home warranty companies offer a seller warranty, which lets you transfer the coverage to the buyer.
Before choosing a home warranty provider, compare and contrast several providers in your area. Consider choosing a warranty that covers appliances, as this can make your property more attractive to buyers. With this type of warranty, you’ll also reduce your liability as a seller, as the buyer will call the warranty company if something goes wrong.
3. Market Your Property Effectively
Marketing your home is key to attracting potential buyers. Listing your property on multiple online platforms is a must, but don’t rely solely on the internet to attract buyers. Consider creating a visually impressive presentation for your property by investing in high-quality cameras and image-editing tools to create a unique and appealing portrait of your home.
Since more than half of buyers prefer onsite viewings, ensure that you’re prepared to show them around the house. You should also anticipate common questions and highlight the features that make your property stand out.
4. Price Your Home Correctly
Correct pricing is paramount to selling your home quickly and at a good price. If you price your property too high, you may scare off buyers. On the other hand, underpricing could make buyers suspicious of potential hidden flaws.
Conduct research on similar homes that have been previously sold to determine their sale price. You can find information about sold properties either online or in state records. It’s also wise to hire a valuer to calculate the total value of your property, and price your home within the resale value range of homes similar to yours.
Selling your home through FSBO can be a smart choice. By following these FSBO tips, you can increase the chance of finding a willing buyer and avoid hiring a real estate agent, which can cost up to six percent of the final sale price. By making your property more attractive, choosing the right home warranty provider, marketing your home effectively, and pricing it correctly, you can sell your home without the help of an agent and save money in the process.