Home Selling in 06405>Question Details

Jackie Cusano…, Home Owner in Branford, CT

Looking for tips on selling my home on my own.

Asked by Jackie Cusano Maculaitis, Branford, CT Tue Sep 25, 2012

Help the community by answering this question:

Answers

17
Hi Jackie

If you are going to sell the home yourself, be armed with the following:

1) Know the value of your home (through a CMA via realtor, or other means)
2) Have access to as much marketing as you can because not using a realtor here handicaps you a bit. Try a fixed price listing, or simply pay 200-400 to have it listed on the MLS system - this will provide the largest exposure for your home
3) Be prepared to field calls, show the home at times convenient to the buyer.
4) Be prepared to negotiate on your own
5) Have an attorney on your side who can help you with initial paperwork and advice as well as the contracts
6) Prescreen your prospective buyers for legitimacy

Good luck Jackie!

Nick Gandhi
Equity Capital Real Estate
(203) 280 3838

Serving Fairfield County!
2 votes Thank Flag Link Fri Sep 28, 2012
Jackie,
Keep in mind that you will have to pay something to the agent who brings the buyer.
0 votes Thank Flag Link Fri Dec 13, 2013
Jim, I'd love to work in your office. You seem like fun. There's no need for us agents to act any different. In fact, if agents in general were more personable and less into themselves and their appearances the general public would be less inclined to go FSBO.

Keeping it REal
0 votes Thank Flag Link Thu Dec 12, 2013
Jackie has left the building...
0 votes Thank Flag Link Thu Dec 12, 2013
This question posted Sept 25, 2012.
Jackie very likely lives at a new address.


Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
727.420.4041
0 votes Thank Flag Link Thu Dec 12, 2013
Make sure you disclose information needed to the buyers. I would recommend doing a little research on what is required to be disclosed in your state. Also, if you find a buyer, make sure you get a prequalification letter before accepting an offer.

Best of luck!
0 votes Thank Flag Link Thu Dec 12, 2013
Enrolling in a real estate license training course would be a good start.
0 votes Thank Flag Link Thu Dec 12, 2013
Supposing that you have now given up or have listed...Your name is familiar..does your family own property along Rt.1? Relation to a Wayne?
0 votes Thank Flag Link Wed Dec 11, 2013
The truth is, with the growth of the internet you can sell your home yourself. However, an agent can help you with advice in regards to inspection outcomes and whether a mortgage pre-approval is the real deal. Have you ever thought of trying a flat fee program? For $200-$300 you can have your home listed, and the help of a local agent for advice, all while eluding the pricey 5% commission price tag. I always suggest that as it is the best of both worlds. Hope that helps!
0 votes Thank Flag Link Wed Sep 26, 2012
Hi Jackie:
I know I shouldn't answer a question with a question, but in this case, it might be a very appropriate thing to do. Why did the owner of For Sale By Owner revert to a real estate agent after only a few weeks selling his home himself? Another fact to consider; over 80% of owners attempting to sell their homes turn to a REALTOR within 3-4 weeks of trying to sell a home by themselves. What does this point out? It's possible for the owner to go through the process and be successful. However, who knows which group that individual ends up in..... the 20% or the 80%. Get a REALTOR and enjoy your sleep and your life.
0 votes Thank Flag Link Wed Sep 26, 2012
Hi Jackie,

First and foremost let me which you a successful sale of your home.

Many For Sale By Owners (FSBOs) don't consider all the factors in getting a home sold. Below are some factors to consider before putting your home on the market without the help of a Realtor.

Setting the right price for a home - price is the one of the most important factors to getting a home sold in a reasonable time. How will your determine your sales price? Is it competitive to the market? When is the best time to adjust the price?

Getting your home ready to sell - remember that first impressions last. Make sure the exterior of your home is well manicured, and your front entry is clutter free and welcoming. De-clutter all areas of your home.

Consider developing marketing and advertising plan - the cost of advertising in the local media is sometimes very costly. When you hire a realtor they may have discounted advertising rates or understand where the best place to advertise would be. A Realtor can utilize their resources to make sure your home is properly advertised whether it be online, signage or in the local papers.

Scheduling the time needed to show the house to potential buyers - this usually is the most burdeonsome part of selling your home. Many home buyers prefer the owners NOT be present during showings. Sometime buyers feel intimidated by the sellers presence during a showing.

Identifying buyers who have both the financial means and the desire to purchase the home - what resources will you use to qualify a buyer prior to them seeing your home? This is a big consideration. Realtors usually pre-qualify buyers before showing homes. This way we know what properties someone can afford.

Where will you get your buyers from? Will online, local ads and/or signs be sufficient to selling your home? Realtors have more access to buyers. Most buyers prefer to work with a Realtor to protect their best interest.

These are just a few of the steps to complete a successful sale of your home. You also need to consider home inspections, negotiating a contract in your best interest and the list goes on.

If you decide selling your home yourself is not in your best I would be happy to meet with you. Wishing you all the best.

Linda Heinig
Century 21 AllPoints Realty
1236 Main Street
Branford, CT 06405
203-481-7247 x2329
http://www.CTShoreHomesByLinda.com
0 votes Thank Flag Link Wed Sep 26, 2012
There are many steps involved in order to complete a successful real estate transaction, including properly pricing your home, marketing the property in order to attract buyers, pre-qualify potential buyers, negotiating the best price, home inspection, mortgage approval, and finally, if all goes well, transfer of title to the new owner.

When listing your home for sale, it is essential to reach as many people as soon as the property is listed. This generates an influx of buyers who have been looking for their perfect home and, in some cases, is what generates offers close to or at asking price within the first 30 days that the home is listed, assuming the home is priced fairly in comparison to other recently sold homes in the area. This is one of the most important steps in the process..finding a qualified buyer while getting the best price possible in the shortest amount of time. The advantage to working with a Realtor is that it provides access to the Multiple Listing Service, reaching out to other Realtors in your area who are working with pre-qualified buyers looking for a home just like yours. Right now you have reached out to a small precentage of that community. Chances are, you may get a call from a real estate professional with a qualified buyer working for their clients' best interest. Essentially you will be paying a reduced comission (2-3%) to a Realtor who is working for the opposing party in your transaction, potentially resulting in a lower sale price than you had hoped for with a lot of extra time invested on your part. Knowing the current market trends and having access to all pertinent information of recently sold comparable homes in your area is key to making the best decisions during the negotiating period. Once negotiations are over, and a proce is agreed upon, the transaction has only begun. There are several more steps involved to see that this buyer gets to the closing and you have to be sure that you are compesated if the buyer just decides to walk away for no legitimate reason. Due to situations like this, it would be best to hire an attorney to help you moving forward, if you are representing yourself in the transaction.

Unless you have someone in mind already interested in purchasing your home, using a Realtor is really the most efficient way to get the most qualified buyer, the most amount of money for your home (most likely even with commissions included!) in the least amount of time, saving yourself the frustration, time and energy that many homeowners experience when selling their own homes. If you do have questions along the way, I'd be happy to help. Best of luck!

Jennifer D'Amato
Seabury Hill Realtors
233 Wooster Street
New Haven, CT 06511
203-605-7865
Ct Licensed Real Estate Broker
0 votes Thank Flag Link Wed Sep 26, 2012
I think the best advice to you is to speak with a realtor.

In this market, there are many hurdles to jump over, as a for sale by owner.

Email or call me directly and I can show you what our company can do, how we can market your home. Give you the correct market values. I'm local and know the Branford market very well.

I'm here to help.

Sincerely,

John Izzo
Realtor, Sales Consultant and Shoreline Specialist
William Raveis Real Estate
203-887-2574
John.izzo@raveis.com

http://Www.shorelinehouseseller.com


VOTED Top 7% of CT's BEST REAL ESTATE AGENTS - CONNECTICUT MAGAZINE
Make a move, change your life, LET US MAKE IT HAPPEN
0 votes Thank Flag Link Wed Sep 26, 2012
Hi Jackie,
You can sell your home with your own efforts, but this process will take extra time. In my opinion you should take help of real estate agent in your area, which will help you in quickly selling of your home. Real estate firm uses the multiple listing systems, which will immensely, raised the chances of quickly selling of home. You can also take help of local newspapers by giving detailed advertisement in it. Plaza estates firm will provide you some amazing homes in central London locations like Belgravia and also in every region of London.
http://www.plazaestates.co.uk/properties-for-sale-in-belgravia
0 votes Thank Flag Link Wed Sep 26, 2012
quick question back to you:
why do you want or feel the need to sell your home on your own.
But then you are asking for tips?

There are so many parts, twists and turns to pricing a property right, marketing and advertising it
right, arrange and accompany showings, open houses, brokers open house, negotiating with
an offer received to have the right price and the right terms, selling to a qualified and approved
buyer, the inspection issues, attendance during inspection, and possibly additional specific
inspections and then keeping track of all contract dates, raised earnest money, loan commitment
letter and on and on, and that is when all moves along well, and no bigger issues arise......

Do you really want to take care of all of it yourself?

My very BEST recommendation is to work with an experienced area Realtor, remember besides
setting with a detailed market evaluation of your home, staging it, preparing it well, and producing the best most professional photos on the internet and in the brochures your Realtor will take the
emotions out of the negotiations and work in your best interest from day one up to a successful
closing....

If you put your home on the market by owner, if a Realtor brings you a buyer, he or she will want
a commission commitment from you as well...... You really would be best served to hire and work and commit to one agent you trust and who knows your area well....

If you need recommendations get back to us here.

Sincerely yours,
Edith YourRealtor4Life & Chicago and Northern Illinois Expert

Working always in the very BEST interest of her clients, Buyers, Sellers and Investors alike....
And always with a SMILE
Covering for @Properties the city of Chicago, all N and NW suburbs, the fine homes on the
North Shore, and many of the W and SW suburbs, and with her trusted Partner Agents all of
the US and worldwide properties. Edith speaks French, German, some Spanish and other.....
@Properties, 30 Green Bay Rd, Winnetka, Illinois 60093 ---- EdithDoesItRight@yahoo.com or EdithSellsHomes@gmail.com Check out my website at htttp://www.tinyurl.com/MeetEdithHere
get to know me better and learn about my experience, expertise, services available and letters of recommendation of former clients..... Also you can sign up on my site to search for properties in my expanded service area. HAVE THE MOST WONDERFUL DAY :)
0 votes Thank Flag Link Wed Sep 26, 2012
1)Know who is coming into your home, and if they are qualified to purchase your property. One of the grey areas of FSBO land is those calls from unknowns who want to stop by with no authentication. 2)Know what a good preapproval letter is and what one is not. 3)Engage an attorney who will review any offer to purchase before you sign it. 4) If it's not all it's cracked up to be, saving 2.5% and buying your own advertising, give me a call. Best of Luck ;o)
0 votes Thank Flag Link Wed Sep 26, 2012
Jackie,
The best tip I can suggest is to hire the best agent out there. What we do looks easy to many, but believe me there is more to getting top dollar in the least amount of time, staying safe, legal and on track than most people can handle on their own.
When you hire a great agent, you really hire all the agents in your area. Your agent represents you, puts your needs first and will market the property to all the buyers and agents out there. The other agents will work for their clients, so be careful what you tell them. A good agent is a trained listener and will use whatever you tell them against you.
This is a huge transaction and a great agent brings value which will exceed their commission. A bad agent, or none at all will cost you more than just a commission.
0 votes Thank Flag Link Tue Sep 25, 2012
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer