Q:

How can you find information on selling a house as the owner?

A:

Quick Answer

Homeowners can find information on selling their houses without Realtors on ForSaleByOwner.com or Bankrate.com. Selling one's own home involves the decision to sell, preparing and pricing the home, marketing the home, negotiating an offer and finalizing the sale. Owners should post their listings on their local multiple listing service.

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How can you find information on selling a house as the owner?
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Full Answer

Homeowners can start the sales process by determining who potential buyers are and designing a marketing strategy. Owners should know their houses' strengths and weaknesses. Problems with the houses should be fixed before listing the houses for sale. Professional appraisals help owners price their houses competitively and are especially important if owners have owned their houses for more than two years. Owners benefit by assembling strong selling teams, including real estate attorneys and mortgage professionals.

Marketing options for home sellers include advertising in magazines and on websites, installing yard signs, creating informational booklets and hanging weatherproof information boxes on their properties. Owners should provide disclosure forms, contracts and other sale documents. Owners can hire real estate attorneys to prepare these documents.

Homeowners must weed out unqualified buyers. Owners can require that any potential buyers must have a pre-qualification or pre-approval letter from a lender. Sellers should follow up with any lenders to avoid delays in the sale.

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