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Beginners Real Estate Investing Guide
Real Estate Investing - Ask
Questions Before Making an Investment
First Time Real Estate
Investor
Real Estate Investing - Planning
Your Investment Strategy
How to Find Real Estate
Investment Properties
Getting a Professional Home
Inspection
Large Profits From Inexpensive
Real Estate Repairs
Real Estate Investing - Costs
and Fees
Real Estate Insurance
and Risk Management
Real Estate Investment Risk
Part 1
Real Estate Investment Risk
Part 2
Getting The Best Return For
Your Investment
Creative Financing
For Real Estate Investors
Real Estate Investment Tax
Considerations
Real Estate Rental Properties
- Great Investment or Nightmare
Real Estate Foreclosures - Great
Deal or Headache
Flipping Real Estate for Profits
Slow Return On Real Estate
Investments
Negotiating for the Best Possible Real Estate
Deals
Real Estate - A Time to Buy and a Time
to Sell
Creating Your Real Estate
Investment Strategy
Investing and Growing
Your Real Estate Portfolio
Commercial Real Estate
Investing
Real Estate Marketing
Understanding Real Estate Law
Do You Need An Real Estate Agent?
What The Real Estate Mortgage
Lender Sees
Do You Have A Career In Real
Estate?
Rural or Urban Real Estate
Investments?
Real Estate Investing on the
Internet
Real Estate Investing
- Property or Paper? |
Real Estate Investing - Introduction
Selling Your House without a Realtor
Most people use real estate agents to sell their homes because they don't
really know all the ins and outs of the procedure. But selling a home without
a real estate agent really isn't all that hard. You stand to make a great
deal more money from the sale, by selling it yourself, because you won't
have to pay out any commissions.
You can pocket that commission by selling the house yourself. Here are some
tips to help you sell your own home, for the best possible price.
First, let's look at the price of your home. Just because you put down new
carpeting in the living room, you can not jack the price of your house up
$15,000. You have to be realistic. Realistically, your house isn't worth
anymore than the market is willing to pay for it. To find out what the market
is willing to pay, do some research.
First, find homes in your area that compare to yours, and see how they are
priced. Especially look at homes that are being sold through an agent, because
you can be sure that the agent has done a valuation on the property. You
can also find out the value of your home by going to www.zillow.com. You
just need to put your street address, city, and state into the form, and
the site will give you the value of your home, based on what the county tax
accessor has valued it as. Interestingly enough, you can even find out what
your neighbors houses are worth.
This gives you a starting point for pricing your home, but there is more
to consider as well. Call your local tax accessor, and find out what the
selling prices of homes that have recently been sold in the neighborhood
were. This will give you the market value of your home.
Get a jump on your buyers. Any potential buyer with sense is going to hire
a home inspector to check out your property. Do this yourself. Have your
property inspected, and take measures to fix whatever needs to be repaired,
before you put the home on the market. By going ahead and taking care of
these things, you take away one of the negotiation tools that potential buyers
would have had.
Take a good look at your house - inside and out. View it as potential buyers
are going to view it. Make sure that cosmetically, the house is in tip top
shapre, before you ever start marketing for potential buyers. Make sure that
the lawn is manicured, that there is no chipping paint, and that everything
is neat and tidy on the outside. Also, make sure that you keep your lawn
watered so that it stays nice and green. Use a high pressured sprayer to
wash the outside of your house with a bleach and water mixture, or at the
very least, with a mixture of soap and water.
Now, look at the inside. First, look beyond your furniture and the things
that will be removed from the home when you sell it. Check paint, wallpaper,
carpet, light switch and outlet covers, faucets, counters, etc. Make sure
that all repairs are made, and then start looking at your things. Those things
that will be moved out matter a great deal when potential buyers are
looking.
Get rid of all of the clutter. Clean up the basement, the closets, the counters,
the inside of the cabinets - everything. Clean out the garage as well, and
rent a storage building for excess clutter.
Once the inside and outside of the house is in tip-top shape, it is ready
to be photographed. Get a quality digital camera. Make sure that it is a
good one so that the pictures are nice and clear. Take pictures of the inside
and outside of the home. Next, gather important data about the home, and
write it down. Information that is needed includes: the number of bedrooms
and bathrooms, the square footage of the house, the size of the garage, whether
the house is a single story, or two story house, and other things that buyers
may be interested in, such as a separate formal dining area, a wood burning
fire place, a breakfast area, a pool, a whirlpool, and things of this nature.
Now, you are ready to find potential buyers. You need to market the property.
Start with an ad in your local classified section. Also use the Internet,
and list your house on a site such as www.fibo.com and www.realestate.yahoo.com.
Use free ad sites, such as www.craigslist.com and www.freeadposting.com.
See if there are publications for homes for sale in your area, and get listed
in those. Put a sign in your yard, and look for free bulletin boards in your
community as well.
Let everyone you come into contact with know that your home is for sale,
including friends and family. Ask friends and family to spread the word.
Having business cards printed is cheap. Have some printed up, with your contact
information and details about your house, and start leaving them everywhere
you go.
Finally, when you have a buyer ready, you will need a title company. The
title company will ensure that you have all of the needed legal papers for
the sale, and that anybody else who should have copies of those papers have
them as well. The title company will ensure that everything is done, and
that it is done legally. They will literally hold your hand, and walk you
all the way through it.
• More
Articles
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Beginners Real Estate Investing Articles
How to Advertise a Rental
Property
How to Build Equity
in any Real Estate Market
How to Find Motivated
Sellers
Developing a Profitable Real
Estate Investing Strategy
Bird Dogging: Getting Started in
Real Estate Investing
Buying Your First Home
Using Lease Options to Purchase Real
Estate
Real Estate Foreclosures
Increase Your Net Worth Through
Real Estate Investing
Interest Only Mortgages
Real Estate Investing
No Money Down Real Estate
Investing
The Power of the Lease Option
Real Estate Investing Tips
Real Estate Investments
Refinancing Your Mortgage
Loan
Paying Your Mortgage
Selling Your House without a
Realtor
"Subject To" Real Estate
Financing
Using Trusts as a Real Estate
Alternative
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