Find a real estate
agent - In most cases you will want to use a real
estate agent for your sales.
Identify how you want
to qualify the buyer - What kind of earnest money
deposit will secure your buyer? Do they need to have
financing lined up? Ask your agent what else should
qualify them before accepting.
Prepare the property -
You owned the property for you. Now, set the slate
clean and blank for the next owner. Make the
home/property attractive for the new owner. Remove
features that are too unique for a standard buyer of
your type of home. Repaint walls to neutral colors.
Make the home scream, "I am yours! Do with me
as you please!"
Set aside a budget for
requirements from the purchaser once the inspection
is done
For
Sale by Owner versus Use of a Real Estate Professional
Unless
you are a real estate agent of some sort or very
experienced, hire a real estate professional to help you
market and sell your property. Even some of the most
successful investors and property owners use an agent
for every transaction. You have a finger to point if
something goes wrong and you can spend time moving and
working instead of trying to figure out what you are
doing and what needs to be signed, disclosed, and paid
out. Rarely is there a situation where a real estate
professional isn't needed. Perhaps if you already have a
buyer, you know what documents need executed and how to
work with the title company then you may not need to use
an agent. In most other circumstances you should pay an
agent well for the services provided.
The
closing of your real estate property sale is much
simpler than that of a purchase. The burden of the close
rests on the buyer for the most part except for any
items an inspector may find that the purchaser requires
be fixed. Signing docs is a 10 minute thing. The more
preparation and the more difficult your selection
process for a new buyer the quicker things will be
towards the end. If you just want to get rid of a place
and don't qualify by requiring prequalified prospects
and a good size earnest money deposit you may have
issues down the road.