Nowadays, selling your house by yourself is the real buzz. This FSBO (For Sale By Owner) process really pays well and with companies that have advertisements like “We buy houses in Lansing”, you don’t have to work much either.
You can simply sell your home to them for market-competitive rates. There is no need for a real estate agent or commissions. The money you get will be 100% yours to keep.
But for this sale to be profitable, you need to first prepare a few things. Let us tell you what and how in detail below!
1. Prepare the Paperwork
This may sound like a no-brainer but many homeowners make the mistake of not prioritizing the paperwork. They leave it for the very end. As a result, a problem in the documents pops up in front of the client and makes them suspicious about the whole deal.
If you don’t want to lose good clients, make sure to take this step first. Go through all the property documents and check for issues. Are the taxes paid? Is the history of ownership in the correct format?
All the details should be checked and any additional paperwork for the sale must be prepared.
2. Clean & Declutter
Once you are through with the papers, it’s time to turn your property upside down and give it a glow-up. Clean everything from windowsills to the pantry. Every corner of the property should be speck-free and shiny.
Then, declutter so that the old stuff is stored away and only the best items are on display. Your house should look spacious, inviting, and warm. Its potential should be visible to the potential buyer.
3. Repair Necessary Issues
When cleaning the property, you will come across both major and minor issues. This may include pipe leakages, dirty walls, and broken fixtures. It’s recommended that things that can hinder the functionality of the house be repaired first.
If your budget allows, you can also focus on the things that affect the beauty. However, remember buyers like to pay more for a well-maintained house. They would rather pay more than accept a house with repairs and work.
4. Stage Your Home
Next, arrange the furniture and decorate the house in a way that brings it out in the best possible light. This means you should remove the personal touches and transform the house into something your buyer would like.
Most realtors like to hire professional staging services for this task but you can always do it yourself. You just need a good sense of interior design and furniture arrangement. Don’t forget to focus on the curb appeal too!
5. Use Marketing Tactics
This last step is the most important because you will interact with the potential buyer. You must know your property inside out and must be able to negotiate wherever necessary.
This means reminding the buyer about the well-maintained condition of the house, the amenities, or the location benefits. Reinforce how it is perfect for their needs. This highlights your property as the best deal.
Also, while house-buying companies are an ideal choice, you should advertise the property on online real estate marketplaces and social media platforms. This can draw in independent investors too.