| Each "For Sale By Owner" seller needs to set | | | | search, or any other costs parallel with |
| the right home prices. First and foremost, | | | | buying or selling a home will be included in |
| one must start by figuring the true market | | | | these expenses. |
| value of their home. The Comparable Market | | | | |
| Analysis is a vital tool for doing this. | | | | If you decide to accept a buyer that a real |
| This service will list houses by address and | | | | estate agent brought to you, you will have to |
| give details including the square footage of | | | | pay half of the closing costs, which is |
| the home, the asking price in comparison to | | | | approximately between three and three and a |
| the actual selling price, as well as the | | | | half percent of the selling price. You can |
| date of the sale. The substructure for the | | | | foresee paying six or seven percent of the |
| true market value of your home can only be | | | | selling price, if your home is listed through |
| found here. | | | | a real estate agent . |
| | | | |
| Closely observe the houses of proportionate | | | | Since you are selling your own home, the most |
| size and number of rooms. Try to find houses | | | | lucrative situation would be for you to |
| in your neighborhood that are listed on the | | | | advertise your own home, and get your own |
| Comparable Market Analysis, for they are | | | | buyer. You will then have no debt to the |
| ideal for comparison. Consider how the size | | | | real estate agents. |
| of your lot compares to their lot. Moreover, | | | | |
| it is important to figure the general | | | | You can abbreviate your costs by placing |
| condition your home and see how it compares | | | | detailed instructions in the sales contract |
| to that of the homes listed. With all these | | | | as to the maximum amount the buyer will pay |
| variables in mind, you are now able to figure | | | | towards his mortgage costs and other closing |
| the price of your home. It is not imperative | | | | fees. If a real estate agent gets involved, |
| that your price be equal to that of other | | | | the fees could be subject to a separate |
| homes in your neighborhood. | | | | contract with the agent and will not be |
| | | | restrained in the sales contract. |
| If this does not seem right for you, the less | | | | |
| complicated option would be to hire a real | | | | During the fall and winter, there are less |
| estate appraiser to appraise your home. He | | | | buyers in the market for new homes. A "For |
| or she will review what homes in your | | | | Sale By Owner" seller may be forced to |
| neighborhood have sold for and compare them | | | | abbreviate their home prices in order to get |
| to the status of your home in order to figure | | | | a buyer. Families with children in school |
| the appropriate price. | | | | ordinarilly prefer to move during the spring |
| | | | and summer months, when the children are out |
| Something you need to ponder is the closing | | | | of school. Areas with warm weather can be |
| cost. In essence, this is the amount of | | | | exceptions to this trend. In these areas, |
| money that you will receive after the sale. | | | | buyers generally won't purchase a house in |
| Although they will not go into the home | | | | the especially hot months and will usually |
| prices, expenses obtained by the seller will | | | | wait until spring and fall when the weather |
| be included in the closing cost. Recording | | | | cools down. |
| fees, surveyor's fee, attorney fees, title | | | | |