Pricing Your For Sale By Owner Home
BackgroundThe pricing of your home is the most important part of the entire process. Price too high and buyers wont give your property a second glance price too low and youll have it sold in no time while effectively losing thousands of dollars you could have pocketed if the house had been priced correctly.
Remember, its just basic economics. Your home will only sell for the price a buyer is willing to pay, no higher. When you set the price for your home, it must be based on similar or comparable homes sold in the your real estate market. Depending on how soon you want it sold, you can price at market value or below market value.
AnalysisTo do the research and analysis for pricing, you can use websites like zillow.com and filter results to be similar to your property and to see only sold properties. From there you can compare the similar properties that have sold, and adjust the price based on your added features or lack thereof. This isnt an exact science and it works best in neighborhoods where owners buy and sell more often, and in homes that are similar in style and size to other nearby homes. If you have a unique home in a unique location , it becomes more difficult to price, but a proper analysis is still the key.
Once you decide on a price its time to get the home prepared
Preparation Of Your Home
RepairsFixing all the basics is must! You want to avoid any problems with the home that could prevent a sale or become negotiating points for buyers. This is not the time to consider major renovations or additions. These major projects will more than likely be a net loss for you. Instead meticulously go through the house from the crawl space to the attic and roof, and make sure everything is in working order. If you think there could possibly be issues, it may be a good idea to contact a home inspector for a pre-listing home inspection. But as a FSBO seller youll want to be very careful not to overspend on repairs. If you need to hire out for repairs, make sure to get written estimates from at least two contractors.
De-clutter and deep clean your house so it smells great, and is free and clear when walking through it. You might be used to the loads of furniture in your house, but to a stranger it may feel way overcrowded. Most of the time, homeowners will need to consider removing furniture, containers, trinkets, and items that dont add to the homes appeal.
Spend some time on bringing the curb appeal up. Often times, home buyers will drive by a home and add it to the reject list just by the looks of the outside. Make sure the shrubbery is trimmed, weeds are pulled, new mulch or pine needles are installed, and grass is as green and clean as you can get it.
Randleman Nc Real Estate & Homes For Sale
- Brokered byRE/MAX Central RealtyContingent
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Fsbo Homes In Randleman Nc
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Randleman Nc For Sale By Owner
- For Sale
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Randleman Homes For Sale
Randleman home for sale:
BRING YOUR OFFERS!!!! VINYL SIDED HOUSE WITH LOTS OF POTENTIAL. LOCATED ON A CORNER LOT OF AN ACRE. VINYL AND CARPET FLOORING. HARDWOO FLOORS UPSTAIRS WITH OVER 400 SQ FT OF UNHEATED SPACE. MAKE THIS HOUSE YOUR OWN. SOME UPDATING REQUIRED. A SHED IS LOCATED IN THE BACK, ALSO A MEDAL TREE STAND REMAINS. PROPERTY SOLD AS IS.
Randleman home for sale:
Land! Land! Land! Charming recently renovated ranch style home that sits on over 2.5 acres with lots of privacy! New carpet and LVP floors throughout as well as a refinished kitchen with SS appliances. Fresh coat of paint throughout the interior. Master is very spacious in size with huge WIC as well as double vanity sink. Arched walkways in living room with double sided gas fireplace gives a cozy feel! Beautiful rocking chair front porch as well as large back deck to enjoy the private setting.
Randleman home for sale:
USDA approved area! This 3 bedroom 2 bath home is ready for a new owner, Split bedroom floor plan, with living room that features extra den/ office area. Oversized laundry room, extra storage, concrete driveway, and much more. Great Randleman location close to downtown and easy access to highway. This one will not last long.
Randleman home for sale:
Randleman home for sale:
Nice wooded lot in a Small established subdivision. Bring your plans and build the home of your dreams.
Contracts Paperwork Escrow & Due Diligence
Once you accept an offer, the buyers agent or lawyer will put together the contract possibly with contingencies and other terms and conditions that may not be in your best interest.
Note: At this point in the transaction, once an offer is accepted, there is still a possibility it never makes it to closing. Put another way, many times an issue will arise that will cause the deal to fall through.
From here an escrow needs to be opened where a deposit will be held after providing instructions. This can be done by the buyer, you the seller, the buyers agent, but will more than likely be done by you the seller if there is no agent involved.
The signed contract will allow the buyer to inspect the property thoroughly. The buyers will normally use inspection companies that will go through the entire house from top to bottom looking for anything needing repairs or replacedand unless your house is brand new, they will find things, trust me! If there are major repairs, youll need to have those fixed and other findings may cause the buyer to want to renegotiate the price or cancel the sale altogether.
Inspections typically completed are:
- Well Water Test Is it free and clear of bacteria, heavy metals, and other contaminants?
- Termite Inspection
- Radon Inspection
- Land Survey
Remember, any and all repairs are negotiable but issues with the property are normally taken care of by the seller .
Important Note on Getting Sued:
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Climate’s Impact On Randleman Housing
Likelihood of Flooding in Randleman Homes
Likelihood of Storm, Heat, Drought, and Fire
- A day that reaches above 94ºF is considered hot for Randleman. Normally, Randleman experiences about 8 hot days per year.
- Randlemanâs forecast in 2050 is about 45 hot days per year.
- The percentage of available water supply used by humans determines water stress. An area is at especially high risk when water stress is above 40%. Randlemanâs water stress now is about 12%.
- Randlemanâs projected water stress in 2050 is about 13%.
- Randlemanâs drought risk is 15% higher than average for people in North Carolina State .
- Normally, about 0% of land near Randleman burns in a year, or about 191 sq. miles within a 100-mile radius.
- Randlemanâs forecast in 2050 is up to about 281 sq. miles burned in a year .
- Normally, Randleman experiences about 8 significant two-day storms per year, with about 2″ of precipitation per storm.
- Randlemanâs forecast in 2050 is about 23 storms, with about 2″ of precipitation per storm.
North Carolina Forms Fsbo Home Sellers May Need:
NC Offer to Purchase & Contract Form 2T
Q & As on Offer and Acceptance in NC:
NC Mineral and Oil and Gas Rights Disclosure
State of North Carolina Residential Property and Owners Association Disclosure Statement
Lead Based Paint Disclosure
This guide was created from scratch with experiential real estate expertise and with some additional guidance from these sources:
Lake Norman Mike :: Lake Norman Real Estate Agent is located on 19901 W Catawba Ave #104 Cornelius.
From Charlotte Douglas International Airport head south on Josh Birmingham Pkwy and keep right to continue on Old Dowd Rd.
Then at the traffic circle, take the 1st exit and stay on Old Dowd Rd and turn right onto Marshall Dr. Next, turn left at the 1st cross street onto US-29 S/US-74 W/Wilkinson Blvd and turn left onto the ramp to Interstate 485 Inner N/Spartanburg.
After that use the middle lane to keep left at the fork and follow signs for I-85 S S/Gastonia/Spartanburg/I-485 N Inner N/Statesville.
At this point keep right at the fork, follow signs for Interstate 485 Inner N/Statesville and merge onto I-485 Inner.
Finally, turn right onto Knox Rd and turn left onto Nautique Blvd. Turn left onto Knox Road Extension and Lake Norman Mike :: Lake Norman Real Estate Agent will be on your left.
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Based on information submitted to the MLS GRID as of3/26/2022, 1:56:05 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Marketing Your For Sale By Owner Home
InternetOver 92% of people use the internet to find homes for sale. To see if your marketing is working, pretend you are a house buyer and try finding your own house. If you cant find it easily, than the marketing is not ideal. For example, folks looking for Lake Norman Real Estate and Lake Norman Waterfront Homes For Sale By Owner wont be able to find a home thats not on the internet. 90% or more of the websites that show up for that term contain homes found on the MLS, which is the Realtor® directory of homes for sale, only available if using a licensed Realtor®.
Heres a quick exercise: pretend for a minute that you just found out your job is moving you to the city your house is in now. And by chance you are looking for a home with similar price and rooms as the one you are selling. Now visit google.com and start searching! The top three websites that show up are where 75% of people will look. If your home isnt on at least one of those, its essentially INVISIBLE.
Where to post your home for sale
Below are 3 free websites that you NEED to list Your FSBO home on.
If you need some help with how to post to these websites, a simple search for how to list my home by owner on on google.com will get you the answers.
When marketing any home for sale, the very first initial impression of a home for buyers is ALWAYS the photography.
Trust me on this, you do NOT want to breeze over this part of your marketing package.
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