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There
are a number of reasons you may want to consider selling your
property without the help of an agent. For most people the
most compelling reason to sell a home on diyhousesales.com
is money. Especially when you consider the following points:
A) It saves property owners a tremendous amount of money.
While estate agents commissions are negotiable, they typically
range from between 1% and 3%. Using 2%
as the average, if an owner sells his house for £100,000
on diyhousesales.com,
he saves himself at least £1,800!
B) It preserves the property owner's equity. An agent's commission
is paid out of the seller's equity. So, if a home is sold
for £100,000 (and the owner has £20,000
of equity) and the agent is paid £1,800, the
commission is nominally 2%, but in reality, the commission
represents nearly 10% of the homeowner's equity!
C) It cuts the time necessary to sell a home. If a seller
uses diyhousesales.com
she can pass her savings along to the buyer by lowering her
asking price and thereby making her home more attractive to
potential buyers (and still walk away with the same amount
of money as she would have if she had used an agent). A home
that is 3% cheaper than similar homes in the same area
will sell faster.
With
all of the monetary reasons to sell your home on diyhousesales.com
it is no wonder that we are one of the fastest growing websites
on the Internet! Plus when you sell your own home there is
less uncertainty because you have the opportunity to meet
all prospective buyers and you work out your own schedule
for showing the property.
So
why not save the money and take charge? Here are 9 quick steps
to selling your home on diyhousesales.com
We recommend you print these out for reference
1.
Prepare your property
Buyers
are attracted to properties that appear spacious, sound and
clean. Remove all clutter from closets, countertops, garages
and basements. Eliminate dark wall coverings whenever possible
and illuminate poorly lighted areas. Thoroughly clean and
organize your property from top to bottom, including kitchen
cabinets and bedroom closets. Make any immediate repairs like
squeaking steps, loose doorknobs, or leaky taps.
Add
value to your property whenever possible, but remember that
£5000 of improvements will not add £5000 to your
selling price. Improvements will increase your sale price,
but your money will be better spent on minor aesthetic improvements
like painting the exterior and not by undertaking major renovations
like an extension. If you do feel so compelled, nothing adds
value like improvements to kitchens and bathrooms
2. Estimate value
You probably have a feel for the value of your home. You know
what you paid and you know what improvements you've made.
To get a more precise estimate for the potential value of
your home you will have to do a little research.
By
far the best way to get a feel for Property value in your
neighbourhood is to watch similar properties in your area
being bought and sold. Talk to the sellers and buyers and
check Property listings in newspapers for a gauge of value.
However,
the easiest and most accurate way to gauge the value of your
home is to have a survey carried out by a reputable Surveyor
and Valuer in your area. Goto our recommended
links page to see if we recommend one in your area
3. Set Your Price
When setting your selling price you have to consider how much
money you want to net after closing the transaction without
overpricing your home. Overpriced homes are less likely to
sell and the longer a home stays on the market, the less likely
it is to sell.
4.
Contact a Solicitor
Even though a Solicitor is an additional expense, it is recommended
you hire a solicitor to protect your interests throughout
any Property transaction. A Solicitor can act as an escrow
agent to hold any down payments; evaluate any complicated
offers from potential buyers; handle your final negotiating.Obtain
title deeds and Land Registry copies.Prepare draft contract
and details of sellers title.Provide buyers lawyer
with draft contract.Approve the transfer deed.Complete the
sale and redeem any mortgage and confirm to all parties.
5. Advertise Your Property
When you as a seller eliminate the estate agent, you make
yourself responsible for a variety of actions that agents
typically perform. Most important of these is advertising
your home to potential buyers. But that is where diyhousesales.com
comes in. Once you list your property on diyhousesales.com
let us worry about advertising your property. Due to our many
strategic partnerships we are able to drive a great number
of potential buyers to your listing, which means your home
sells faster.
diyhousesales.com
gives you access to an unlimited global audience and diyhousesales.com
allows sellers to post pictures and video tours of their home,
thereby showing the whole world your property through a computer.
place your ad
6. Show Your Home
Once you have gotten a potential buyer interested in your
property through a well-positioned Internet advertisement,
you will have to show them the property in person. This is
one of the most important moments in a potential sale. Remember
that first impressions last a lifetime.
Open
blinds and curtains and turn on all lights to make your home
as spacious and light as possible. Remove as much clutter
as possible and put plants and flowers in place of personal
pictures. Bake biscuits or bread to make your home smell as
inviting as possible. Eliminate all distractions; if you have
children, take them to a relative's home and turn off all
electrical distractions.
7. Negotiate Offers
Once a prospective buyer decides on your property, do not
think that the hard part is over. An offer is a sales contract
and is binding. This is another great place to utilize a Solicitors
expertise, as offers can be complicated. When looking at an
offer watch for any special clauses that can work in the buyer's
favour. Make sure the buyer has been pre-approved for financing
and do not sign any offer you have not looked at carefully.
You can print out a draft Offer
Acceptance Form at this link, just print the page
by following the link and going to File then Print
on your Browser
If,
after reviewing the offer you decide it is insufficient, you
can either make a counter offer or reject the offer outright.
Remember that negotiating is part of any business deal. Never
take anything personally and do not scare off any potential
offers by being rash. Consider every serious offer on its
merits, establish trust with buyers and always make a counter
offer if you are not pleased with the first offer.
8.
Finishing Details
Once you have accepted an offer, several things need to happen
before you and the buyer close the deal. The first is a surveyl.
The buyer's lender will order a survey to make sure the home
is not being sold for more than the surveyed value. You can
avoid any problems by doing this ahead of time (once again,
you can do it the easy way by visiting our recommended
links page). Your buyer will most likely order a surveyor
to make sure all property boundaries are carefully laid out.
There
are also some things you will, as your own agent, want to
do before closing. You will want to notify your lender that
you will be paying off the balance of your mortgage. You should
also gather all warranty information for you appliances to
pass on to the buyer . And after a closing date has been scheduled
you should visit our free recommended
links page to organise removals with our recommended transport
companies
9. Close
This is by far the easiest part of selling your property By
Owner, the closing. This is where your hard work and foresight
pays off. On closing day, your Solicitor will collect all
monies, transfer the deed, pay outstanding bills, pay all
closing fees and give you the rest of the money.
Closing
day usually happens 30 - 45 days after you and your buyer
agree on a selling price and sign a sales contract.
And
that is all there is to it. Congratulations, you have successfully
taken control and sold your home using diyhousesales.com
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