For Sale By Owner, Madison MS Real Estate

Madison MS Real Estate - FSBO

If you wish to sell by owner and save money get used to graciously accepting buyers' comments, feelings, and quirks.  Always be businesslike and pleasant.  Let them know you are willing to discuss their concerns as buyers.  Work on creating a negotiated win-win transaction with everything in writing.

Selling your home can be a very exciting event.  Selling can also be complex, confusing, and frustrating, not to mention one the Biggest financial decisions you'll ever make.  The most important thing to remember is, DON'T OVERPRICE!  Pay for an appraisal.  If you don't like it, you don't have to use it, but if you like it and anyone offers you less, you can wave it in their face.  You can also ask agents for a Competitive Market Analysis.

Disclose every defect known whether major or minor and when in doubt, disclose it anyway.  Disclose any work done without permits.  As-is sales do not relieve sellers from disclosure obligations.  Find out what disclosures, inspections, and forms are required for your state and city.  Use an escrow company.  There are countless books available covering the ins and outs of selling your own home; and even if you don't read one cover to cover, have it on hand as a reference.  Consulting with a real estate attorney for advice as needed may be well worth the price of peace of mind.

Things to Remember:

1. Price your come competitively.
2. Market your home with advertising. (newspaper & Internet)
3. Ask your prospective buyer if they've be qualified with a mortgage company.
4. Negotiate a price and get it in writing.  You and your buyer need a signed contract.
5. Closing costs can be expensive.  Negotiate all fees as part of the deal.  (You may agree to pay most, some or none of the closing cost.)
6. Instead of lowing your sales price you may consider paying some of the closing cost for the buyer.  This will lower the cash needed for the buyer to close your deal and their loan.

Safety Reminders:

 For your own safety, the following are very important:

1. Never allow people to looking at your home to be alone.  Always go with them room to room.
2. Be certain that all jewelry and other small valuable items are out of sight
3. Keep all credit cards out of sight
4. If you have items of value in the garage, be certain to lock it from the inside.
5. Take all prescription drugs out the medicine cabinet and put them in a safe place.
6. Be certain that you know the location of your keys at all times.  Should one turn up missing, change the locks as soon as possible.
7. If there are two or more parties being shown the home, be certain they stay together.
8. Do not show your house alone if possible.
9. Never tell anyone your schedule.  Do not tell anyone you cannot show your home because you won't be home.  Simply you say you won't be available at that time.
10. Be alert.  When you feel uncomfortable in a situation, get out.

Be aware that while many people sell homes without any problems every day, you will need to be cautious of time-wasters, aggressive investors and possible scam artists.

The Herrington Realty Company realizes that selling your home is big responsibility and we are committed to providing others in our communities with information concerning the sale of their home.

If for any reason you are unable to sell your own home, please keep the Herrington Realty Team in mind.  If we can assist you further with your current property or even help you select your next home, please contact us and we will be glad to answer any questions you may have.

Our team of experts specializes in making dreams come true in the Brandon MS and Madison MS area.

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