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The following article was published in our article directory on February 13, 2014.
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Part II: All the things You Need to Know to Sell Your Home by Owner

Article Category: Real Estate

Author Name: Jay Hunter

Now that you have an Appraisal or CMA in hand, you continue to obtain your house "on the marketplace".
Or is there something else you should do? That depends.
You may wish to get an examination by a Licensed Home Inspector. If you do, it is an excellent idea to have the house inspection done before the appraisal or CMA.
Make sure to give a copy of the inspection to the appraiser or Real Estate Broker.
Relying on the age and condition of the home I will sometimes recommend the seller get a Home Examination.
The reason being is, if your buyer chooses to have actually an assessment done, it's likely the inspector will discover something that the purchaser will desire repaired before he will proceed with the sale.
Who understands exactly what will be found or exactly how the inspector will present his report. If for example, he would point out the roof has a 5 to 7 years of life prior to it must be replaced, it might eliminate the offer if not handled properly.
I have actually seen inspectors meet with the purchaser and kill the offer (not deliberately) just by the method it exists. In fairness, I have actually also seen inspections presented in such a means that the purchaser does not end up being alarmed and the offer is put together.
After all, your house is not new and there are going to be problems. The issues emerge when the buyer comes back after you have already concurred on a cost and says, "I'll still go through with the sale if you will permit a credit for the new roof." Who requires that!
If you have an evaluation in hand when the buyer looks at your home, let him know you have one and mention that your inspector did discover some things (if he did) that had to be taken care of.
If you have actually done some of the repairs that were discussed, let the purchaser understand exactly what was done then inform the buyer (in the roofing example above): "You will notice the inspector explained our roof has a 5 to 7 year life expectancy. We took that in to factor to consider when we reached our asking rate." If the buyer still decides to have his own assessment done, this will assist to eliminate any surprises that might come up.
Having a Home Inspection done before putting a house on the marketplace has actually conserved sellers hundreds and sometimes countless dollars that could have been lost by having to renegotiate the sale after the assessment.
With the appraisal (or CMA) and Home Inspection in hand we are now ready to put our place on the Market? Well, almost.
We still need an advertising plan. Remember the value you have from the appraiser or the Real Estate Broker is an opinion of value and not a precise science so its OKAY to ask 5 or 10 % more.
Examine out Part III of this series for suggestions on establishing your market plan.
To list your Home for Sale by Owner, go to http://freerealtyonline.com/
Homes for Sale by Owners

The home is not new and there are going to be issues. Who needs that!
If you have done some of the repair works that were discussed, let the purchaser understand what was done and then mention to the purchaser (in the roofing system example above): "You will discover the inspector pointed out our roof has a 5 to 7 year life expectancy. This will help to eliminate any surprises that may come up if the buyer still decides to have his own inspection done.

Keywords: homes for sale by owners, home by owner, real estate for sale, list home for sale, free real estate listing site, flat fee mls

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