When You Sell a House By Owner Remember to Negotiate!

The decision to sell your home yourself is becoming more and more popular.
According to various sources, the percentage of home sales that were completed
without a Realtor is in the neighborhood of 14%. And that figure doesn't count
sellers who used a discount Realtor service like flat fee listing, or an open
listing contract, either of which will lower the cost of your commission
considerably.

There are a lot of things that go into selling your home yourself, but let's
skip right past setting the right price, imagine that you did all the right
things, got the house into great shape, advertised in all the right places...
and in less than two weeks - you've got an offer from a buyer at a price that's
only a few thousand below your lowest acceptable price. What do you do now?

Negotiating With a Buyer When You Sell Your Home Yourself

Be prepared to negotiate with the buyer. Remember, while you've been reading
about how to sell a home, they've been reading about how to buy a home.
Everything they've read has told them to bid low. Negotiating doesn't
necessarily mean lowering your price, though. Instead, you can offer other
concessions or enticements. One popular concession is for the seller to offer to
cover the closing costs, or to buy points that will lower the interest rate on
their mortgage.

Consider Hiring a Real Estate Consultant to Oversee the Sale

Once you've settled on a price, you don't want to lose the sale because of an
oversight in the paperwork or signatures. The cost of paying an attorney with
experience in real estate or even paying a very small commission to a Realtor is
far less than the cost of losing the sale.

Be Clear About Your Legal Responsibilities When You Sell Your Home Yourself

If you choose not to consult a real estate professional, do find other ways
to educate yourself. There are inspections, evaluations, arranging for escrow
and escrow fees, any one of which can delay the sale of your house, or side-rail
it entirely. Understand exactly what repairs you are obligated to make before
closing, what percentage of costs you're taking responsibility for and exactly
what concessions you and the buyer have agreed upon.

Here are a few things that may be among the disclosures and inspections that
of your sale:

Roof

Wiring

Plumbing

Termites

Lead Paint

Warranties on All Home Fixtures

Major Repairs

Selling your home yourself can save you thousands of dollars in real estate
commissions, but it's important that you know all of your legal
responsibilities. Make sure that you don't miss the smallest detail so that your
closing goes through without a hitch.

Brian Shelton makes it easy to sell your house fast. To claim your free
report entitled "How
To Sell Your House In 7 Days or Less", visit =>http://www.HouseSoldIn7Days.com/