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Selling Your Own Home In A Weak Market - How to Tips

Apr 25, 2008
Selling your own home is never easy, and the difficulties ran more than just missing an agent. With the subprime mortgage crisis and falling real estate prices, the challenge of selling you home quickly is greater than ever. You want to make sure the house you've lived in moves to the best buyer possible as quickly as possible - and you want to make sure they're willing to pay what it's worth. Here are some tips that might help:

- All the legal issues such as property disclosures and other documentation should be in order and available before you begin to sell your house. State laws differ and it is recommended that you invest in an attorney to ensure you have met all requirements.

- You will need to create a contract form to protect both you the seller as well as the buyer. Having an attorney on hand already is quite beneficial in this crucial step.

- One area that a lot of sellers neglect is the advertising presentation. You will increase the interest to your home by making sure you pick the right picture for the advertising pages. Choosing the right angle and season that flatters your home the most will often set your house apart; think of it as a glamour shot for the home.

- Something the agents have and you don't is experience, especially in observing buyers. The large amount of potential buyers coming to your house should not convince you that everyone can finance for a house. If you're selling a house on your own, more buyers will come in hope of a more flexible negotiation - check them all. Ask if they're able to buy your house immediately, or do they need to sell their own house first.

- Most people know to make sure their home is clean and presentable before a showing; however, quite a few possible buyers will do a drive-by first and get a first impression. If the first impression does not impress them they may not stick around for a second look. Making sure your lawn is cut and at least the front part of the house is groomed is essential to giving your home curb appeal. Think about placing potted flowers in front; this greatly adds to the look of your home and makes it appear welcoming.

It was the people who successfully sold their own houses that offered these great tips on selling your own home. Before making your next or possibly your first step take a moment to think about the savings you get by selling your own home. Do they compare to what you would have gotten on the house had you hired an agent to sell it for you? Are you loosing possible revenue by not fixing a few of your own mistakes? Following the aforementioned tips you can sell your home your self with profit.
About the Author
J Stromsteen has many years experience in the finance and real estate industry. She writes for the website Bush's Depression as well as first time home buyer to provide up to date details on the unfolding real estate crisis.
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